Bluerock Value Exchange Successfully Completes $66M DST Offering
Bluerock Value Exchange Announces Successful DST Offering
Bluerock Value Exchange (BVEX) has successfully completed the full subscription of its $66 million offering for BR Amira, DST, having a total property purchase price of $122.7 million. This announcement highlights the firm's ongoing success in sponsoring Delaware Statutory Trust investment programs.
Strategic Market Timing
"We believe this is a very timely and favorable entry point for investing in apartments," stated Josh Hoffman, President of BVEX. With increasing rents due to the significant supply shortage of new housing and high homeownership costs compared to renting, the multifamily sector presents a unique opportunity for investors.
Factors Driving Investment
Hoffman noted that the gap between renting and owning is at its widest on record. This scenario, coupled with the ongoing high household formation rates, creates a promising environment for rental properties.
About the Amira Investment Opportunity
The Amira property stands as a prime investment opportunity, representing a newly renovated Class A apartment community. Its location benefits from proximity to essential retail amenities, major road access, and excellent walkability to employment hubs that offer nearly 200,000 jobs.
Potential for Growth
Investors in the Amira project can anticipate monthly cash flow along with capital appreciation prospects, driven by job and population growth in the surrounding metro area. The DST program offers various exit strategies, including the option for a 721 exchange or subsequent 1031 exchanges.
Bluerock's Impressive Track Record
Bluerock Value Exchange has a remarkable history, with a focus on premier exchange properties that aim to deliver stable cash flows and potential value creation. The company has structured 1031 exchanges totaling over $2.8 billion in property value across 14.9 million square feet.
Bluerock as an Asset Manager
Bluerock is recognized as a leading institutional alternative asset manager, possessing over $19 billion in acquired and managed assets. Their collective experience spans more than 100 years in the investment sector, enhancing their credibility and expertise.
Conclusion
This successful offering by Bluerock Value Exchange showcases their commitment to providing investors with solid opportunities in the multifamily housing market. As rental demand continues to strengthen, BVEX aims to be at the forefront of delivering meaningful investment solutions.
Frequently Asked Questions
What is Bluerock Value Exchange?
Bluerock Value Exchange is a national sponsor of 1031 exchange and DST investment programs, focusing on multifamily housing investments.
What was the size of the DST offering?
The DST offering was fully subscribed at $66 million, with a total purchase price of $122.7 million.
Where is the Amira property located?
The Amira property is located in a strategic area that provides excellent access to retail amenities, major roads, and employment centers.
What are the investment benefits of the Amira property?
Investors can expect monthly cash flow and the potential for capital appreciation due to strong forecasted rent growth and job and population increases.
How long has Bluerock been in operation?
Bluerock has been operating for over 20 years, specializing in syndicating 1031-exchange offerings.
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