Bluerock Value Exchange (BVEX), a long-time, national sponsor of 1031 exchange and Delaware Statutory Trust (DST) investment programs, has fully subscribed BR Diversified Industrial Portfolio I, DST (DIP I) program with $46.5 million in equity from third-party investors and $36.5 million in first-mortgage proceeds. Bluerock reported more than $2.5 billion in past and current 1031 exchange programs as of February 2024.
The DIP I DST offering includes a diverse five-property industrial sector portfolio with locations in the Sunbelt and Western markets featuring more 570,000 square feet of warehouse/distribution properties with six distinct tenants, including several public companies — notably, Herc Rentals and Pfizer, Inc.
BVEX believes DIP I represents an attractive investment opportunity in an already-assembled, diverse portfolio of industrial properties located in desirable high-growth markets. DIP I seeks to provide investors with stable monthly cash flow pursuant