This launch represents Bridgeview’s fourth DST offering and its first outside its home state of Texas. Like its previous offerings, the BV Ernest Health Neuro Rehab DST is a Regulation D equity raise targeting accredited investors, particularly those seeking to defer capital gains through mechanisms like a 1031 exchange.
...“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.
...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.
...BV Capital and its investors have funded the acquisition and development of nearly 30 acres of prime land for affiliate Bridgeview Multifamily LLC to build class A apartment projects in the North Texas cities of Arlington and Denton.
“Having side-by-side developments makes good economical sense. It will create economies of scale for our general contractor, Bridgeview Construction.” says Rob Anderson, president of BV Capital.
...Marking its inroad into the Delaware Statutory Trust market, BV Capital has fully subscribed Bridgeview‘s inaugural offering, BV Design Multifamily DST, raising $31.14 million for the acquisition and renovation of a 214-unit class A project in Dallas’ eclectic Design District.
“We saw The Dunhill as an excellent opportunity to provide the DST space with a value-add, core-plus investment at a five-star location,” says Rob Anderson, BV Capital’s president. “It’s rare to see a product of this caliber in the DST marketplace.”
...“There is an increasing concern on how inflation will affect investments. Today’s volatility and lack of cash flow options make it challenging to find tax-efficient strategies that meet investors’ goals without taking on too much risk. I get it and I’ve been there. I’ve worked with some of the largest and smartest investment advisors in the country, and many of them agree that there is another way. It’s through alternative investing and most commonly through direct investment in real estate.”
...Page [tcb_pagination_current_page link='0'] of [tcb_pagination_total_pages link='0']
