Bluerock Value Exchange sold the property held by BR Beach House, DST for $67.3 million, as reported by the sponsor in its announcement of the sale. The Delaware Statutory Trust (DST) filed its first Form D on May 23, 2016, and Top1031 carries November 1, 2021, the date of that announcement, as the disposition date.
The Trust produced a total return of 165%, as reported by the sponsor in that release, and an average annual return of approximately 12%, as reported by the sponsor in the same document.
Two hold figures sit in the record: 5.5 years as carried, and 5.4 years measured from the first filing to the disposition date. This report relies on the date-to-date span, because both of its endpoints are documented. What start date produces the 5.5-year figure is not stated anywhere in the material here.
Item | Record |
|---|---|
Sponsor | Bluerock Value Exchange |
Asset class | Residential |
Exemption | 506(b) |
Offering ceiling, Form D | $21,344,436 |
Minimum investment | $225,000 |
Exit type | Property sold |
The Trust's private placement memorandum is not in the public record, so what the offering documents said about distributions or a planned hold cannot be read here. The Form D carries no performance figures.
The sale figures also appear in the track record Bluerock circulated with a later offering, the BR Industrial Portfolio II, DST private placement memorandum. Beyond that document and the November 2021 release, the public file holds no closing statement and no investor-level accounting of the sale.