BR Big Creek, DST sold its property in February 2021, reaching full cycle. The sale announcement published on bluerock.com refers to the asset as a Georgia multifamily 1031 DST property. The Trust was a Delaware Statutory Trust (DST) offering sold to accredited investors, and the Form D names no property.
The offering as filed | |
|---|---|
Form D filed | |
Sponsor named in the filing | BR Big Creek DST Manager |
Asset class | Residential |
Exemption | 506(b) |
Maximum offering amount | $35,585,103 |
Minimum investment | $100,000 |
The Form D states no distribution terms, and the Trust's private placement memorandum is not on the public record. What the offering told its investors at the outset therefore cannot be set beside the figures the sponsor gave at the end.
Reported at disposition | |
|---|---|
Exit type | Property sold |
Sale date | February 2021 |
Hold period | four years |
Sale price | $100.3 million, as reported by the sponsor in its sale announcement |
Total return | 144%, as reported by the sponsor in its sale announcement |
Annualized return | 11%, as reported by the sponsor in its sale announcement |
The Trust is listed as a completed program on Bluerock Value Exchange's published track record, and the same figures appear in the private placement memorandum for BR Industrial Portfolio II, DST.
No appraisal, closing statement, or third-party valuation of the sale sits on the public record. The sale itself is documented; the measure of it is the sponsor's.