Velocis Exchange Closes Inaugural DST Offering, Raising $10 Million
Velocis Exchange – a subsidiary of real estate investment manager Velocis – announced the close of its inaugural Delaware statutory trust offering after raising $10 million.
According to the company, Velocis MuraBella DST owns UF Health at MuraBella, a 48,469-square-foot medical facility located in the Jacksonville metropolitan statistical area, specifically in St. Augustine, Fla. The property is 100% leased on an absolute net basis through September 2039 to Flagler Health+, which recently merged with UF Health to form UF Health St. Johns.
“We are proud to launch our first DST offering with such a high-quality healthcare asset and exceptional sponsorship,” said Mike Lewis, co-founder and partner at Velocis. “The overwhelming response from investors underscores the growing appetite by 1031 exchange investors for income-oriented, institutionally managed medical real estate.”
UF Health at MuraBella comprises a pair of highly amenitized, two-story buildings offering a full spectrum of outpatient services, including imaging, lab work, pediatrics, urgent care, primary and specialty care, women’s health, and an on-site YMCA fitness center.
The asset is supported by compelling market fundamentals, according to the company, including the strength of the UF Health system and the 335-bed UF Health Flagler Hospital, recently recognized among America’s Best Hospitals by The Leapfrog Group. Its location – nestled between a Publix-anchored shopping center and multiple new residential developments – positions it to benefit from a projected 23.9% population growth within a five-mile radius over the next five years.
The capital raise for the DST, which launched in August 2024, was facilitated with Peak Capital Solutions acting as the exclusive wholesaler and Orchard Securities serving as managing broker-dealer.
Velocis Exchange is the DST affiliate of Velocis Management, a real estate investment firm with a strong track record across industrial, multifamily, retail, triple net lease, healthcare, office, and mixed-use assets. The firm targets institutional-grade real estate opportunities in high-growth markets across the United States.
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