Bluerock Value Exchange Subscribes $60 Million Industrial Portfolio
Bluerock Value Exchange (BVEX) has fully subscribed its BR Diversified Industrial Portfolio 7 with $60 million in equity from individual investors. This brings the total of tax-deferred investments across this portfolio series to over $400 million, and BVEX's overall 1031 exchange programs exceed $3 billion. The unlevered portfolio consists of five industrial properties totaling approximately 550,000 rentable square feet in Alabama, Florida, Missouri, and Virginia. All properties are fully leased to investment-grade or credit-rated tenants under long-term triple net leases with an average term of nearly 12 years. The portfolio was acquired for over $1.35 million below its appraised value and currently offers a cash distribution rate of 4.80% annually, based on base rent and additional rent after expenses. The industrial sector is expected to deliver the highest annualized net operating income (NOI) growth among commercial real estate sectors at 4.1%, according to Green Street projections from 2026 through 2029.
Topics: industrial_real_estate investment_portfolio net_lease_properties