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Bluerock Value Exchange Launches $37.8 Million 1031 Exchange BR Churchill Downs Multifamily DST in Pinehurst, NC
Bluerock Value Exchange (BVEX), a 20-year, national sponsor of 1031 exchange and Delaware Statutory Trust (DST) investment programs, announced the launch of its latest 1031 exchange/DST offering known as BR Churchill Downs, DST ("Churchill Downs" or "DST") which is seeking to raise approximately $37.8 million from accredited investors. Churchill Downs multifamily offering represents BVEX's 42nd individual DST program.
About this update from Churchill Downs, Incorporated
[{"type":"text","content":"NEW YORK, June 20, 2025 /PRNewswire/ -- Bluerock Value Exchange (BVEX), a 20-year, national sponsor of 1031 exchange and Delaware Statutory Trust (DST) investment programs, announced the launch of its latest 1031 exchange/DST offering known as BR Churchill Downs, DST ("Churchill Downs" or "DST") which is seeking to raise approximately $37.8 million from accredited investors. Churchill Downs multifamily offering represents BVEX's 42nd individual DST program.","length":485,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bluerock Value Exchange) (PRNewsfoto/Bluerock Value Exchange)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bluerock Value Exchange) (PRNewsfoto/Bluerock Value Exchange)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":83,"url":"https://media.zenfs.com/en/prnewswire.com/2f37574cbfb2864dc7a0b185d5cd6be4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/r9Qm.RMC1qkHo1vvuVqpHg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2f37574cbfb2864dc7a0b185d5cd6be4","width":400,"height":83}},"href":"https://mma.prnewswire.com/media/1883205/Bluerock_Value_Exchange_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"BVEX believes Churchill Downs represents an attractive investment opportunity in a unique low-density, direct-entry townhome and garden-style apartment community located in the Pinehurst, North Carolina Metro, which ranks in the top 10 among all small market regions in the U.S. and is known as the home of American Golf.1,2 The DST seeks to provide investors with monthly cash flow, the potential for appreciation driven by strong economic and population growth in the region, as well as the opportunity to significantly grow rental income through a targeted unit value-add / upgrade program.","length":593,"tagName":"p"},{"type":"text","content":""We believe this is a very timely and favorable entry point for investing in apartments. The sector is poised to greatly benefit with forecasted increasing rents driven by a significant decline in new construction, which is leading to undersupply of housing options, the high cost of home ownership compared to renting, and continued high household formation," said Josh Hoffman, President of BVEX. "We selected Churchill Downs...