Bluerock Value Exchange (BVEX), a New York City-based national sponsor of 1031 exchange and Delaware Statutory Trust investment programs, has launched BR Diversified Industrial Portfolio III, DST (DIP III).
DIP III represents BVEX’s 36th individual DST program and is seeking to raise approximately $41 million from accredited investors. The unlevered DST offering includes a three-state (South Carolina, Florida, Georgia), five-property, industrial sector portfolio featuring over 359,000 square feet of warehouse and distribution properties with nine distinct tenants that is collectively 99% leased.
“Bluerock has over $172 billion of direct and indirect investment experience in the industrial sector,” said BVEX President Josh Hoffman. “We continue to utilize our research-driven approach to steer investor’s 1031 exchange capital into diversified industrial portfolios as we believe the sector is poised to deliver high rent growth and appreciation potential due to the long-term demand tailwinds from e-commerce, U.S. manufacturing, and last-mile distribution needs. We believe we can best accomplish our investor’s goals of preserving capital, deliver stability of income, and generate high risk-adjusted returns over a moderate hold period through these types of diversified portfolios.”