Full cycle

BR Valley Townhomes DST's 221-unit Puyallup property was sold in September 2019

The residential Delaware Statutory Trust (DST) reached full cycle with the September sale, and the sponsor named on its filing record reads x BR Valley LeaseCo.

Published Updated

Townhomes at Mountain View, at 509 Valley Ave NE in Puyallup, Washington, was sold in September 2019. Bluerock Value Exchange carries the apartment complex on its portfolio page.

What establishes the sale is a public-record property history for that address, not a disposition announcement written for the Trust's investors. That distinction sets the limits of everything below.

Item

On the record

Trust, as filed

BR VALLEY TOWNHOMES DST

Asset class

Residential

Exit type

Property sold

Exit date

September 2019

Exemption claimed

not stated

Offering ceiling

not stated

Minimum investment

not stated

No dated document on the record states a return for the Trust, and the offering's original distribution terms do not appear in it either. No first filing date is on the record, so the span from the offering to the sale cannot be established from filing dates, and the hold period is not on the record.

The filing record names an entity carried alongside the Trust, rather than Bluerock Value Exchange, as its sponsor. No document in the record states that entity's role.

So the documented outcome is an event, a month, and an address. What reached the investors who identified this Trust is not in the documents.