BR Churchill Downs, DST
Sponsored by Bluerock
Churchill Downs (the “Property”) represents the opportunity to invest in a low-density, direct-entry townhome and garden-style apartment community located in the Pinehurst Metro in North Carolina.
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Offering terms
- Minimum investment
- $100,000
- Yr 1 distribution
- 4.25%
- Avg distribution
- 4.25%
- Projected hold
- 7–10 yrs
- Offering size
- $68.5M
- Equity raise
- $37.8M
- Loan-to-value
- 44.9%
- 721 exit
- None
Projected distributions by year
Capital structure
- Equity
- $37,778,539
- Debt
- $30,739,000
- Total
- $68,517,539
Overview
Churchill Downs (the “Property”) represents the opportunity to invest in a low-density, direct-entry townhome and garden-style apartment community located in the Pinehurst Metro in North Carolina. The Property is located approximately 90 miles to the Charlotte Metro and less than 70 miles to the Raleigh-Durham Metro. The Property is highly visible within the area, located adjacent to US Route 501, US Route 1, and State Route 27, and less than a five-minute drive to 60% of the market’s retail.
BR Churchill Downs, DST (the “Trust”) seeks to provide its Beneficial Owners with monthly cashflow and the potential for appreciation driven by economic and population growth as well as the opportunity to significantly grow rents through a targeted value-add / upgrade program (described below).
Projected distributions are the sponsor's estimates of annual cash flow on invested equity. They are not guaranteed, may change or stop, and may include a return of capital. LTV is the offering's debt divided by its total capitalization. Information reflects my offering records as of November 1, 2026 and may have changed. This page is not an offer to sell or a solicitation of an offer to buy any security; offers are made only through the offering documents to eligible investors.
