In back-to-back off-market transactions, BV Capital and its investors have funded Bridgeview Multifamily’s acquisition of development sites in Dallas/Fort Worth and the Texas Hill Country to build two class A multifamily projects totaling nearly 800 units.
“This is the first time we’ve broken investments into two phases. This structure allows investors in the pre-development phase to have the option of receiving their return or roll it into the development phase,” Anderson says. “Thus far, it’s been well received.”
...