Bluerock Value Exchange sold Plaza Gardens, the Overland Park, Kansas residential property held by BR Plaza Gardens DST, in July 2019, taking the Delaware Statutory Trust (DST) program full cycle. Top1031's record puts the hold at eleven years. It carries no acquisition date, so the start of that hold cannot be dated more precisely than the year the eleven years imply.
Figure | Amount |
|---|---|
Sale price, July 2019 | $33,200,000, as reported by the sponsor (announcement) |
Annualized return | 4.2%, as reported by the sponsor (announcement) |
Equity multiple | 1.34x, as reported by the sponsor (announcement) |
The Sponsor states the result as an annual rate and as a multiple of equity. No total-return figure for the program sits on the record.
The Trust's record, filed under CIK 1456294, carries no offering ceiling, no minimum investment, no exemption designation, and no first filing date. No original offering document sits in it, and no distribution terms. There is nothing on file to set beside the Sponsor's reported result.
The figures rest on two sponsor-published sources: the disposition announcement and the track record inside the private placement memorandum for a later offering, BR Industrial Portfolio II DST. The record Top1031 holds contains no closing document, appraisal, or third-party valuation for the property.