Bluerock Fully Subscribes $31.6M Industrial DST
Bluerock Value Exchange (BVEX) has announced the full subscription of its BR Diversified Industrial Portfolio IV, DST (DIP IV), securing $31.6 million in equity from third-party investors. The unlevered offering features a three-property industrial portfolio across South Carolina and Tennessee, totaling approximately 200,000 square feet of warehouse and distribution space. The assets are fully leased to four distinct mixed-use industrial tenants.
“We are pleased with the successful completion of our fourth diversified industrial portfolio DST representing approximately $210 million in tax-deferred 1031 exchange investments,” said Josh Hoffman, president of Bluerock Value Exchange. “We believe the industrial sector is poised to deliver best-in-class rent and NOI growth amongst all major commercial real estate sectors due to long-term manufacturing and distribution tailwinds driving demand within the sector.
The DIP IV structure offers investors exit flexibility, including 721 exchange (UPREIT) conversion or a traditional 1031 rollover at a future liquidity event.
In March, Manhattan-based BVEX, a division of alternative asset manager Bluerock, announced a targeted capital raise of about $36.7 million for its BR Diversified Industrial Portfolio V, DST. In December 2024, BVEX announced its fully subscribed BR Diversified Industrial Portfolio III, DST (DIP III) program, announced in February, with $41.2 million in equity from third-party investors.
Bluerock reported more than $2.7 billion in past and current 1031 exchange programs.