X0708 D LIVE 0002161004 BR HPE Zero Coupon, DST 919 THIRD AVENUE 40TH FLOOR NEW YORK NY NEW YORK 10022 208-475-2380 DELAWARE None None Other Statutory Trust true 2026 N/A BR HPE ZC Investment Co, LLC 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Sponsor and Depositor of the Issuer N/A Bluerock Residential Holdings, L.P. 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Operating Partnership N/A BR HPE CTL DST Manager, LLC 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Manager N/A Bluerock Enterprise Holdings, LP 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Parent of the Manager N/A Bluerock Real Estate, L.L.C. 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer R. Ramin Kamfar 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Joshua M. Hoffman 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Jordan B. Ruddy 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Jason Emala 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Ryan S. MacDonald 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Michael DiFranco 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Caroline Johnson 919 Third Avenue 40th Floor New York NY NEW YORK 10022 Executive Officer Other Real Estate Decline to Disclose 06b false true true true false 100000 Bluerock Capital Markets LLC 136974 None None 919 Third Avenue 40th Floor New York NY NEW YORK 10022 All States false 69986627 0 69986627 false 0 6053844 true 0 true The Manager Broker Dealer will receive sales commission of 6% + MBD fee of 1.4% + marketing and due diligence allowances of 1.25% of total sales. 42436402 true The Sponsor is entitled to Organization and Offering Expenses of $559,893 + Other Closing Costs of $13,627,808 + Loan Related Costs of $11,709,851. The Manager will receive an Acquisition Fee of $16,538,850. false BR HPE Zero Coupon, DST Joshua M. Hoffman Joshua M. Hoffman President of the Advisor of the Sponsor 2026-10-20