{"id":24551,"date":"2019-02-14T05:36:28","date_gmt":"2019-02-14T10:36:28","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=24551"},"modified":"2023-11-04T11:20:43","modified_gmt":"2023-11-04T15:20:43","slug":"bluerock-value-exchange-reports-fast-sellout-of-maryland-class-a-multifamily-1031-exchange-offering","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/bluerock-value-exchange-reports-fast-sellout-of-maryland-class-a-multifamily-1031-exchange-offering\/","title":{"rendered":"Bluerock Value Exchange Reports Fast Sellout of Maryland Class A Multifamily 1031 Exchange Offering"},"content":{"rendered":"
Bluerock Value Exchange (\u201cBVEX\u201d) announced today the full subscription of its latest 1031 exchange program, BR Jefferson Place, DST, a Class A, 228-unit, apartment community located in Frederick, Maryland, a growing suburb in the Washington, D.C. metro area. The $26 million equity offering, which was made available to accredited investors seeking to complete a 1031 exchange, was fully reserved in less than 90 days.<\/p>\n
Nationally, BVEX ranked among the top 4 sponsors of securitized 1031 exchange with more than $113 million in total equity capital raised and more than $260 million in new property acquisitions in 2018\u2020.<\/p>\n
\u201cJefferson Place is an ideal value creation opportunity with its adjacent location to the new mixed-use Tech Park and immediate access to the I-270 and \u201cDNA Alley\u201d Employment Corridor\u201d, said Josh Hoffman, President of BVEX. \u201cThe property\u2019s newer construction and top-of-the-market-amenities caters to an affluent resident base and has shown high occupancy levels which provides a great opportunity for stabilized current income, long-term rent growth and value creation potential for our investors,\u201d noted Hoffman.<\/p>\n