BR Riverside, DST sold the Brooklyn Riverside, an apartment community in Jacksonville, Florida, on December 8, 2021. The price was $78 million, as reported by the Jacksonville Daily Record in its December 13, 2021 report.
The Sponsor's sell-out release announced the close of the offering rather than the sale of the property. The newspaper report covers the December 2021 closing directly.
Item | Detail |
|---|---|
Trust | BR Riverside, DST |
Sponsor | Bluerock Value Exchange |
Asset class | Residential |
Exemption | 506(b) |
Maximum offering amount | $26,454,298 |
Minimum investment | $225,000 |
First Form D filing | |
Disposition | Property sold |
First Form D to closing | 5.3 years |
The Form D records the ceiling and the minimum investment, but does not state distribution terms. A later private placement memorandum for BR Diversified Industrial Portfolio II DST includes a Riverside property row in its full-cycle apartment table. Its property-level return measure is not presented here as the return received by this Trust's investors.