Midtown Urban – UTA Student Housing1121 UTA Blvd, Arlington, TX 76013 Images of Midtown Urban ApartmentsUTA offers only 6,000 dorm beds and 5,300 off-campus beds – covering just 27.5% of the student body.Midtown Urban is located adjacent to the UTA campus offering students a short walk or bus ride to classes, Greek Row and the …
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...“The decision to create a student housing DST was predicated on the lack of supply for this asset class in the investment market’s current environment,” says Ross Curtis, vice president of sales for BV Securities, one of Dallas-based Bridgeview’s integrated companies, and the managing broker dealer for its DST offerings.
...New multifamily construction starts have dropped across Texas from 2022 at a sizable margin. With fewer units coming online and the migration to Texas showing no signs of slowing, we expect to see this supply-demand imbalance materialize in 2025.
...2023 was an active year despite economic headwinds. BV Capital closed on two new parcels of land for future multifamily developments in Denton and Arlington, TX. Additionally, events included the completion of Bridgeview’s First Delaware Statutory Trust (DST) while launching our 2nd DST for 1031 exchange investors, our 1st land recapitalization, and continued work on current projects. Learn about our new offerings raised and ongoing deal updates in this article.
...Because of declining occupancy, and rental rates, BridgeView founder and President Steve May said that multifamily starts are down across all Texas markets. But because the rates of inmigration to the state remain high, May said there is still an appetite for housing that is unlikely to be satisfied at the single-family level because of high interest rates, as well as low supply. That segment of the market, he said, will turn to multifamily product as a viable housing solution.
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