Bluerock Value Exchange launched BR HPE Zero Coupon, DST, an offering of up to $69.99 million on a Sunnyvale, California property. The Delaware Statutory Trust (DST) filed its Form D on October 20, 2026, reporting no sales, no investors and a $100,000 minimum. A Form 8-K filed by Bluerock Homes Trust describes the building as an eight-story Class A office and lab facility. Press coverage identifies Hewlett Packard Enterprise as the sale-leaseback tenant. The filing reports Rule 506(b), which prohibits general solicitation; a Form D is a notice of an exempt offering, not SEC approval.
Field | Detail |
|---|---|
Trust | BR HPE Zero Coupon, DST |
Sponsor | Bluerock Value Exchange |
Property | not stated |
Asset type | Other Real Estate (Form D industry) |
Location | Sunnyvale, CA |
Offering amount (maximum) | $69,986,627 |
Minimum investment | $100,000 |
Amount sold (as of the filing date) | $0 |
Investors | 0 |
Exemption | Rule 506(b) |
Sales commissions | $6,053,844 (estimated) |
Date of first sale | Yet to occur |
Form D filed | October 20, 2026 |
Recipient of sales compensation | Bluerock Capital Markets LLC |
Press accounts of the purchase carry rounded figures: Silicon Valley Business Journal reported $330.77 million, Bisnow reported $330.7 million, and Mercury News and The Real Deal reported $330.8 million. The 8-K, filed September 2, 2026, states the price exactly, and this report relies on it for that reason. Mercury News places the building at 1133 Innovation Way.
The Trust's name includes "Zero Coupon." The documents reviewed do not state its distribution terms, hold period or the building's size.
Bluerock Value Exchange has 43 programs on its record. Its other active offerings include a five-property, single-tenant industrial portfolio in Wheeling, Illinois. The list also carries District at Parkview Apartments in Stone Mountain, Georgia, and Skytop Apartments in Cincinnati, Ohio. The sponsor's DST offerings page listed the Trust among its current offerings when accessed on October 23, 2026.
Sources: Form D, BR HPE Zero Coupon, DST, October 20, 2026; Bluerock Homes Trust Form 8-K, September 2, 2026; Mercury News, August 31, 2026; Silicon Valley Business Journal, August 31, 2026; Bisnow, September 1, 2026; The Real Deal, September 3, 2026.
Offering amounts are maximums from the Form D, not capital raised; amounts sold are as of the filing date. How we report filings.