Top1031

The Mesa Ridge Apartment

Multifamily property in San Antonio, Texas — sponsored by Bluerock Value Exchange

Files with the SEC as BR Mesa Ridge, DST

Minimum investment
$129k
Offering size
$5.2M
How much has sold
None sold yet
Asset type
Multifamily property
Location
San Antonio, Texas
Financing
Leveraged. This offering reports mortgage debt on the property.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

BR Mesa Ridge, DST is a Delaware statutory trust — a passive co-ownership vehicle whose interests can be acquired in a 1031 exchange — formed in 2010 to hold an apartment community in Northwest San Antonio, Texas.1 It is closed to new investors. Bluerock Value Exchange's portfolio page now lists Mesa Ridge as sold, though no sale date or price appears in public sources.4

Show sources (7)Hide sources (7)

These links support the historical public record; individual details may come from different sources.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

The Mesa Ridge Apartment is a garden-style Class B rental community in Northwest San Antonio.2 Bluerock's 2011 executive summary reported the community 93% occupied as of December 31, 2010, a total purchase price of $10,941,471, and The Lynd Company engaged for on-site management.3 The sources reviewed do not establish a closing date for the acquisition, and no deed-level ownership record was located.

Property address
4900 USAA Boulevard, San Antonio, TX 78240, Texas
Property size
200 units; 147,260 square feet; approximately 7.9 acres
Chapter 3

Who is the tenant, and what's the lease?

This is an apartment community rather than a single-tenant building: rent comes from many short-term residential leases renewed unit by unit, so there is no master lease or corporate credit tenant standing behind the income. Public sources reviewed do not establish the current operator, occupancy, or lease terms.

Chapter 4

How did it end?

What happened

Sold after 5.7 years; sponsor reported 9.6% annualized

Bluerock Value Exchange's official portfolio page tags 'Mesa Ridge' (4900 USAA Blvd, San Antonio, TX, 200-unit Class B apartments) as SOLD; no dated full-cycle press release naming BR Mesa Ridge, DST or providing an equity multiple/annualized return was located in sponsor news archives, AltsWire, or BlueVault [1].

Garden-style 200-unit Class B multifamily community in Northwest San Antonio, TX; sponsor Bluerock Real Estate (BR Mesa Ridge, DST, CIK 1511269).

200 units; 147,260 square feet; approximately 7.9 acres
9.6%Annualized return · as reported by the sponsor
Supporting evidence
Chapter 5

How is it financed, and what does it pay?

The Trust was capitalized with both investor equity and mortgage debt. Bluerock's 2011 summary described a 10-year fixed-rate loan with an initial interest-only period, meaning early payments covered interest before principal amortization began.3 The lender is not identified in the sources reviewed.

Chapter 7

What does the paperwork say?

The Trust's SEC file contains a single Form D and no later amendment, so nothing after 2011 appears on the federal record.1 It was offered under Rule 506(b), the private-placement exemption that bars general advertising and limits sales to accredited investors — buyers meeting SEC income or net-worth tests.

  1. Form D filedFirst and latest filing on record.
Filings on record
1
How it may be offered
Rule 506(b)Not advertised publicly. Offered through existing relationships.
Source filing
Read the filings on SEC EDGAR

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.

Chapter 8

Common questions

What happened to The Mesa Ridge Apartment?

Top1031 lists The Mesa Ridge Apartment as historical. It is no longer raising money.

Where does Top1031 get the data for The Mesa Ridge Apartment?

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Can I invest in BR Mesa Ridge, DST today?

No. The Trust is Historical — closed to new investors. Its only SEC filing is a Form D dated February 8, 2011, and Bluerock Value Exchange's current portfolio page lists the Mesa Ridge entry as sold.[4]

What did this Trust own?

A garden-style Class B apartment community, The Mesa Ridge Apartment, at 4900 USAA Boulevard in Northwest San Antonio, Texas.[2] The property rows on this page carry the unit count, building area, and site size.

Was the Trust leveraged?

Yes. Bluerock's 2011 executive summary described mortgage debt alongside the equity offering: a 10-year fixed-rate loan with an initial interest-only period.[3] The lender is not named in the sources reviewed, and no refinancing is documented in public filings.

What happened to the property in the end?

Bluerock Value Exchange's portfolio page marks the Mesa Ridge entry as sold.[4] The sources reviewed disclose no sale date, sale price, or investor outcome, so no completed result can be reported here.

What does "DST" mean in this context?

A Delaware statutory trust holds real estate and issues beneficial interests that the IRS treats as direct property ownership, so an investor can use them to complete a 1031 exchange. Investors are passive: the trustee and sponsor make all property decisions.

Why is there only one filing on record?

Issuers relying on Rule 506(b) file a Form D within 15 days of the first sale and may amend it annually while raising. This Trust's file shows one 2011 Form D and no amendment, so the federal record was never updated.