The Westerly at Forge Park, the apartment community at 50 Woodview Way in Franklin, Massachusetts, changed hands on May 20, 2025, when Bluerock Real Estate of Michigan sold it to DSF Group for $101 million, as reported by the sponsor on its portfolio page. It was the BR Westerly, DST property.
No hold period was disclosed. The Trust filed its first Form D on November 25, 2019, and the sale closed in May 2025, a span of 5.5 years measured from first filing to sale rather than from acquisition.
As filed | |
|---|---|
Trust | BR Westerly, DST |
Sponsor | BR Westerly DST Manager |
Asset class | Residential |
Exemption | 506(b) |
Offering ceiling | $38,053,704 |
Minimum investment | $100,000 |
The public record carries no total return, no annualized return, and no equity multiple for the Trust. It does not show what was distributed to holders during the hold, or what equity came back to them at the sale.
Worcester Business Journal reported the purchase as a Boston firm expanding its Central Massachusetts presence.
What the record establishes is the transaction itself, dated and priced, alongside the terms the Trust set out when it opened. Before this sale, the full-cycle record of BR Westerly DST Manager carried 12 prior offerings.