Bluerock Value Exchange (BVEX), a long-time, national sponsor of 1031 exchange and Delaware Statutory Trust investment (DST) programs, announced it has fully subscribed BR Diversified Industrial Portfolio II, DST (DIP II) program with $54.9 million in equity from third-party investors. Bluerock reported more than $2.5 billion in past and current 1031 exchange programs as of February 2024.
The unleveraged DIP II DST offering includes a three-property industrial sector portfolio with locations in the Sunbelt featuring approximately 424,000 square feet of warehouse-distribution properties with five distinct tenants, including large global distributers Amazon and FedEx.
BVEX believes DIP II represents an attractive investment opportunity in an already-assembled diverse portfolio of industrial properties located in desirable high growth North Carolina markets. DIP II seeks to provide investors with stable monthly cash flow pursuant to in-place, triple-net leases to a