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OpenNet lease in California

BR HPE Zero Coupon, DST

Sponsored by Bluerock

BR HPE Zero Coupon, DST (the “Trust”) represents an attractive opportunity in a newly renovated, class A, eight-story, 340,496 square foot office building situated on 13.25 acres located in the thriving Silicon Valley and San Jose Metro.

BR HPE Zero Coupon, DST

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Minimum investment
$100,000
Yr 1 distribution
0.00%
Avg distribution
0.00%
Projected hold
10 yrs
Offering size
$380M
Equity raise
$70M
Loan-to-value
81.6%
721 exit
Mandatory

Projected distributions by year

Capital structure

Equity
$69,986,627
Debt
$309,980,618
Total
$379,967,245

Overview

BR HPE Zero Coupon, DST (the “Trust”) represents an attractive opportunity in a newly renovated, class A, eight-story, 340,496 square foot office building situated on 13.25 acres located in the thriving Silicon Valley and San Jose Metro. The Innovation Way Property (the “Property”) consists of high-quality office space, proof-of-concept lab and server space with full suite of tenant amenities with more than $100 million of immediate capital investment by tenant for building modernization and upgrades. The Property is leased to Hewlett Packard Enterprise (NYSE: HPE) (“HPE”), which has an investment grade rating of BBB (S&P). The HPE lease has an initial 20.5-year absolute net lease term, with additional lease extension options, no landlord responsibilities, 3% annual rent increases, no termination or contraction options and is fully guaranteed by HPE.

Offering documents 7

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 October 28, 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.

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