Bluerock Value Exchange Unveils $37.8 Million Investment Opportunity in Pinehurst, NC
Bluerock Value Exchange (BVEX) recently announced an exciting opportunity for accredited investors with the launch of its $37.8 million BR Churchill Downs multifamily Delaware Statutory Trust (DST) offering. This represents BVEX's 42nd DST program and solidifies their reputation as a leading national sponsor of 1031 exchange initiatives.
Located in Pinehurst, North Carolina—a region recognized as one of America's top small markets and a famed destination for golf—the Churchill Downs multifamily offering aims to provide substantial monthly cash flow along with strong long-term appreciation potential. The low-density, direct-entry townhome and garden-style apartment community is strategically situated to capture the region's robust economic growth and increasing population.
"We see this as an excellent opportunity to invest in the apartment sector, particularly given the ongoing challenges in residential construction that have led to a housing supply shortage," remarked Josh Hoffman, President of BVEX. He emphasized the favorable conditions bolstering rental rates, citing the rising economic demand and high costs associated with home ownership compared to rental living.
Hoffman elaborated, stating, "The Churchill Downs property has a distinguished reputation and is situated in a high-growth area, providing a unique investment proposition. Our focused upgrade program aims to enhance property values and hence returns for investors, making it a compelling choice."
BVEX’s robust history spans 20 years, during which it has structured over $2.8 billion in 1031 exchanges. The firm specializes in acquiring premier properties that offer stable cash flows and the potential for value enhancement. Their community-focused approach not only aims to generate substantial returns for investors but also seeks to contribute positively to the growth of the Pinehurst area.
The Pinehurst Metro area, known for its significant economic strength, ranked 10th among micropolitan regions in the U.S. according to the POLICOM 2024 Economic Strength Rankings. The region's enduring appeal centers around its rich golfing heritage, with well-established amenities that attract both residents and visitors alike.
The potential of this multifamily investment opportunity is set against a backdrop of high-demand versus limited supply, particularly as forecasts indicate continued growth in rental prices over the coming years. As such, the BR Churchill Downs DST is not only a strategic financial investment but also a chance to participate in the development of a vibrant residential community.
Interested investors can find more information about BVEX and the BR Churchill Downs offering by visiting
bluerockexchange.com. With investor confidence and demand for enhanced living spaces higher than ever, this latest initiative exemplifies BVEX's commitment to delivering exceptional value in the 1031 exchange and DST investment arenas.