Bluerock Launches $41M Diversified Industrial Portfolio III DST

Bluerock Value Exchange (BVEX), a 1031 exchange and Delaware Statutory Trust (DST) sponsor and a unit of alternative asset manager Bluerock, announced the launch of BR Diversified Industrial Portfolio III DST.

The offering is BVEX’s 36th individual DST program and aims to raise about $41 million from accredited investors.

The unlevered offering consists of a five-property industrial sector portfolio spanning three states (South Carolina, Florida, and Georgia) that contains over 359,000 square feet of warehouse and distribution properties with nine tenants that is 99% occupied, according to the firm.

BVEX believes the offering represents an “attractive investment opportunity in an already assembled diverse portfolio of industrial properties located in desirable high-growth sunbelt market locations.”

The DST aims to deliver consistent monthly cash flow to industrial tenants through in-place, triple net leases, and the possibility of capital gain due to high demand for industrial buildings in desirable infill locations.

“Bluerock has over $172 billion of direct and indirect investment experience in the industrial sector. 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,” said Josh Hoffman, president of BVEX.