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Rendering Video of Future Development

investment offering: ground-up Development

BVCAP NB Investors - New Braunfels



30-42 Mo.


365 Units

total area

Offering Overview

BV Capital LLC is pleased to present an opportunity to invest in the ground up development of 356 multifamily units located in one of the fastest growing suburbs in San Antonio, New Braunfels, Texas. BVCAP NB Investors LLC, a Texas limited liability company, has been formed as an investment vehicle for purposes of investing in the development of 17.068 acres of land.

Bridgeview Multifamily LLC, an affiliate of the Sponsor, is the developer, and Bridgeview Construction LLC, an affiliate of the Sponsor, will be the general contractor. The Project total construction cost is estimated to be $79 million ($218,000 per residential unit).

Investors will be entitled to receive a preferred return of 8% (for Series A-1 Units) or 10% (for Series A-2 Units), calculated on an annualized basis.* After the Project has been leased-up and achieved stabilization, the Sponsor intends for the Company to refinance or sell the Property, which is estimated to take 30-42 months.

* Due to various risks and uncertainties, actual returns may differ materially from the returns reflected. No return is guaranteed and investors risk the loss of the entire amount of their invested capital. Preferred Return is dependent on share class owned.

The Project:  Landhaus at Gruene - Multifamily Development

Bridgeview intends to construct a 356-unit “Class A” multifamily residential community. The project, named "Landhaus at Gruene" will average 847 square feet per unit for lease to future residents. The site plan aims to create a well-balanced living experience and will consist of 10.3% efficiency-bedroom units, 53.2% one-bedroom units, and 36.5% two-bedroom units.  This carefully planned unit mix aligns with other comparable properties in the area and meets the demands of the anticipated tenant base. The project is a farmhouse style which should blend in nicely to its Texas hill country location.  


2080 FM 1102, New Braunfels, TX 78132

Landhaus at Gruene - BV New Braunfels
Landhaus at Grune Renderings - BV New Braunfels

All images displayed are renderings of the future development.

The Landhaus at Gruene will offer exceptional amenities that set the standard in the market. These amenities include a clubhouse featuring a 24 hour fitness center, a magnificent 2,150 square foot pool with a negative edge design, a cozy sunken fire pit lounge, and outdoor covered spaces that maximize the use of the surrounding lawn and garden areas. 


  • Expansive 9’ Ceilings
  • Wood-Style Flooring in Living and Dining Areas
  • Upgraded, Energy Star Stainless Steel Appliances
  • Quartz Countertops with Under-Mount Sinks
  • Stain-Grade Cabinets
  • Full-Size Washers & Dryers
  • Private Patios or Balconies
  • Linen Closets & Kitchen Pantries
  • Wrap-Around Balconies or Private Yards*
  • Double Vanities and Walk-In Showers*
  • Gourmet Prep Islands with Pendant Lighting*
  • Barn Doors and Pocket Doors*

*Select Units 


  • Resort-Style Pool with Tanning Ledges
  • Pickleball Court
  • Dog Park and Washing Station
  • EV Charging Stations
  • Outdoor Kitchen & Grilling Area
  • Outdoor Lounge with Fireplace
  • Serenity Park
  • Private Garages & Covered Parking
  • Clubhouse (Open 24 Hours)
  • Multi-Level Athletic Center
  • Co-Working Spaces
  • Kitchen and Lounge
  • Full-Service Coffee Bar
  • Private Media Room


feb 5 2024

BV Construction has broken ground on the development.

nov 28 2023

We are excited to announce that we now have finalized debt financing in place for the New Braunfels Development Project.  As you may know, this is a difficult time to get financing as many projects around the state and country are unable to move forward.  This puts the Landhaus at Gruene in an advantageous position as we will most likely be the only new product to come online in the area in 2025.

New Braunfels Submarket

New Braunfels is ideally located between San Antonio and Austin, which has helped make it the third fastest growing city in the nation over the past 10 years. 

  • New Braunfels has Annual Population Growth Rate of 6.6%
  • Multifamily Demand is Outpacing Supply in the Market
  • Diverse and Financially Stable Economic Base
  • 66% Population Growth Since 2012
  • Located less than 40 miles from both San Antonio and Austin


New Braunfels has experienced rapid growth with average rents at a historical high, currently $1,543 per month and $1.80 per square foot for comparable apartments market wide. Additionally, the New Braunfels submarket has experienced a 15.08% increase in rents over the past 12 months alone. Over the past 5 years, occupancy for the submarket has averaged 92%, with occupancy for 2022 finishing at 94%. 

Furthermore, absorption has kept up admirably over the past 24 months, absorbing 995 units, signaling strong demand for the expanding area. Currently, there are 1,532 units currently under construction and 8 projects that are planned/submitted that would be delivered in the next 5 years. The rapid expansion and population growth in New Braunfels positions our future development well for stable occupancy trends and significant rent growth in the future.

New Braunfels Distances

Distances from New Braunfels, TX

SOURCES: All Market Demographics from : RealPage, Inc. 2023; U.S. Census Bureau; American Community Survey (ACS) 5-year estimates, Growth Rate Source: IPA Marketing Analytics  

Key Advantage

This project was approved by the city of New Braunfels prior to a substantial increase in the city's impact fees for new developments. This increase in impact fees is estimated to be 3x the cost for new developments in the area creating a high barrier to entry. Thus, we don't anticipate seeing many new projects moving forward to compete with us in the short term.

Project Location Highlights

The Property is located one mile from Interstate-35, six miles from the regional airport and less than forty miles from both San Antonio and Austin. Future residents will be positioned to take advantage of convenient access to major highways, employment corridors and to the many retail, services, and entertainment options available in the New Braunfels surrounding areas. Additionally, Comal County ISD schools rank near the top for the highest overall performing Texas school districts.

Property Location in New Braunfels and surrounding Businesses

Location of Project Site in New Braunfels 


  • Oak Creek Elementary - 1.6 Miles
  • Canyon Middle School- 4.1 Miles
  • Canyon High School 4.3 Miles


  • HEB Plus - 1.8 Miles
  • Target Plaza - 1.5 Miles


  • Gruene Hall - 1.3 Miles
  • Schlitterbahn Waterpark - 3.8 Miles

the developer

Bridgeview Real Estate

BridgeView Real Estate is a vertically integrated firm that includes its own acquisition, construction, and equity arms. Bridgeview has an established track record of developing over 1,000 multifamily units and renovating an additional 1,000 units. 

Combined, Bridgeview’s principals have been involved in the development, acquisition, renovation, and disposition of almost 9,000 multifamily units and 1 million square feet of commercial space as well as other real estate transactions in all, totaling more than $3 billion.

Bridgeview Multifamily Development Projects

Multifamily Developments built by Bridgeview


Fully Realized


Average Investor IRR


Developed Capitalization


Average Investor Multiple


Units Sold


Units Developed


Units in Pipeline

36 Mo.

Average Hold Period

indication of interest

Please fill out the form below or contact BV at for more information on the BVCAP NB Investors LLC offering.