Bluerock Value Exchange Sells North Carolina DST (1031-Exchange) Investment Property

New York, NY (March 15, 2018) – Bluerock Value Exchange (BVEX) announced the sale of Alamance Reserve, a 240-unit apartment community located in in Burlington, North Carolina. BVEX acquired the asset for $19.7 million in January 2014 and sold it for $25.0 million in March 2018 following the successful implementation of unit renovations that increased resident demand and overall resale value over. The property was acquired on behalf of BR Alamance, DST, a Delaware Statuary Trust (DST) structured for 1031 like-kind exchanges for accredited investors.

“Our investment approach for this property as well as the majority of our BVEX investments is to identify unique apartment sector opportunities for which light value-add renovations can drive significant value. This approach has been very effective at enabling us to achieve our investment objectives while remaining competitive within our chosen markets,” said Josh Hoffman, President of BVEX.

Alamance Reserve is a Class A, garden-style apartment community located in a highly desirable location along I-40 between Greensboro and Durham, North Carolina near Alamance Reserve Shopping Center and the Alamance Regional Medical Center. The Property boasts sought-after amenities including a resort-style saltwater pool, playgrounds, covered car wash, tennis courts, disc golf course, jogging path, putting greens, and 24-hour fitness center in a sprawling 20-acre campus.

The BVEX capital improvement program, which contributed to an NOI increase of 21% over the 4-year hold period, were aimed at increasing retention and driving rental rate increases. Improvements included upgrades to kitchen cabinet hardware, appliances and countertops; upgrades to bathroom hardware as well as upgrades to lighting, fixtures and flooring throughout the units.

“The performance of Alamance Reserve validates our investment strategy, and adds to a growing roster of successful short-term investment holds that have delivered at-or-above market returns,” Mr. Hoffman said.

About Bluerock Value Exchange
Bluerock Value Exchange is a leading, national sponsor of syndicated 1031 Exchange offerings with a focus on Class A assets that can deliver stable cash flows and with the potential for value creation. BVEX has structured 1031 Exchanges on nearly $1 billion in total property value and nearly 7.0 million square feet of property. With capacity across nearly all real estate sectors and the ability customize transactions for individual investors, Bluerock Value Exchange is available to create programs to accommodate a wide range of tax requirements. To learn more, please visit Bluerock Value Exchange website at

BR Alamance DST is a closed investment program; not open to new investment.