Bluerock Value Exchange (BVEX) has fully subscribed the BR Diversified Industrial Portfolio III DST (DIP III) program with $41.2 million in equity from third-party investors. Bluerock reported more than $2.7 billion in past and current 1031 exchange programs as of October 2024.
The unleveraged DIP III DST offering includes a highly diverse, six-property industrial sector portfolio with locations in the Sun Belt featuring approximately 359,000 square feet of warehouse and distribution properties with nine distinct tenants.
DIP III seeks to provide investors with stable monthly cash flow pursuant to in-place, triple-net leases to a diverse group of industrial tenants and the potential for capital appreciation due to high demand for industrial properties within highly sought-after infill locations coupled with the ability to drive future rent growth with current rents substantially below (approximately 30 percent on average) market rates. The program also provides investo
