BR Nashville Stonebrook, DST sold its property on May 31, 2019. The Delaware Statutory Trust (DST) filed its Form D with the SEC on December 28, 2011, and the sale is the first full cycle Top1031 records for Bluerock Value Exchange, the Sponsor.
The record carries two hold figures. The offering record states 7.5 years; the figure derived from the filing and exit dates is 7.4 years. This report relies on the 7.5-year figure, the hold the offering record itself states, and notes the other rather than splitting the difference.
Item | Record |
|---|---|
Trust as filed | BR Nashville Stonebrook, DST (CIK 1537895) |
Offering amount | $8,673,359, per the Form D |
Minimum investment | $150,000, per the Form D |
Asset class | Residential |
Exit type | Property sold |
Exit date | May 31, 2019 |
Sale price | $39.5 million, as reported by the sponsor in its June 2019 announcement |
Total return on equity | 364%, as reported by the sponsor in its June 2019 announcement |
Annualized return | 48.5%, as reported by the sponsor in its June 2019 announcement |
Equity multiple | 3.1x, as reported by the sponsor in its June 2019 announcement |
Those outcome figures sit in two Bluerock Value Exchange documents, not one: the announcement of the sale, and the private placement memorandum for BR Industrial Portfolio II DST, a current offering whose PPM carries the Sponsor's track record. Top1031 matched this full cycle to the completed track-record row the Sponsor labels Stonebrook. The entity that filed with the SEC is BR Nashville Stonebrook, DST; the row label is shorter, and the two are not written the same way.
Top1031 located no offering document for this Trust stating the distribution terms or the hold its investors were originally shown, so the reported result stands without the offering's own disclosed numbers beside it. No acquisition price for the property appears on the record either. The public record on this full cycle is one Form D from 2011, one dated sale, and what the Sponsor reports about the result.