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Representational rendering of the future development
now open: Multifamily Development
BVCAP Mansfield Investors LLC
fully funded: Multifamily Development
BVCAP Mansfield Investors LLC
Est. Investor Multiple
1.7x-2.1x*
Est. Investor IRR
21%-25%*
Est. Hold Period
36-42 MO.
Artistic Rendering of Future Development
fully funded current project: ground-up Development
BVCAP Mansfield Investors LLC
1.7x-2.1x*
targeted INVESTOR MULTIPLE
21%-25%*
Targeted Investor IRR
36-42 Mo.
EST. HOLD PERIOD
* 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.
Offering Overview
The Alexander, which is a development of 388 multifamily units located in the affluent DFW suburb of Mansfield, Texas. This is a difficult time to get financing as many projects around the state and country are unable to move forward. This puts the Alexander in an advantageous position as we will most likely be the only new product to come online in the area in 2025. The project broke ground in March of 2024.
After the Project has been leased-up and achieved stabilization, the Sponsor intends for the Company to sell the Property, which is estimated to take 36 months. Upon the sale, the payout order to investors will be the Preferred Return, followed by a full return of capital, followed by a split of profits between investors and the sponsor.
Click to play
Rendering Video of The Alexander
The Project: Multifamily Development
The Project is being developed on approximately 7.78 acres of raw land located in the North side of Mansfield, Texas along the high growth, Interstate-287 southeast of Fort Worth within Tarrant County. On the Property, Bridgeview is constructing a 388-unit “Class A” multifamily wrap style residential community containing 447,733 gross square feet and approximately 339,430 net rentable square feet (average of 875 square feet per unit), for lease to future residents.
The Project is named 'The Alexander'. The Project will include market-leading amenities such as two resort style pools with tanning ledges, outdoor lounge with fireplace, clubhouse (open 24 hours), state of the art athletic center, private media room, co-working spaces, EV charging stations, secured parking garage, dog yards (on select units), pocket parks, access to the city trail system, and walking access to restaurants and retail shops.
Community FEATURES
- Two resort style pools with tanning ledges, a lap section, and private cabanas
- EV Charging Stations
- Two Outdoor Grilling Areas
- Outdoor Lounge with Fireplace
- Two Pocket Parks
- Secured Parking Garage
- Clubhouse
- State of the Art Athletic Center
- Co-Working Spaces
- Private Media Room
unit FEATURES
- Expansive 10’ Ceilings
- Wood-Style Flooring in Kitchen, Living & Dining Areas
- Upgraded, Energy Star Stainless Steel Appliances
- Quartz Countertops with Under-Mount Sinks
- Stain-Grade Cabinets
- Private Patios or Balconies
- Linen Closets & Kitchen Pantries
- Backlit Vanity Mirrors
- Double Vanities and Walk-In Showers*
- Gourmet Prep Islands with Pendant Lighting*
*Select Units
image gallery
All images displayed are artistic renderings of the future development.
Market Overview: Mansfield, TX
Mansfield, nestled within the dynamic Dallas-Fort Worth Metroplex, has emerged as a vibrant and rapidly growing community. Mansfield's neighborhood amenities and demographics set it apart from the rest of the submarket.
- Project Population growth 3.19% year over year projected in a 3-mile radius (2023-2028)
- Multifamily Demand is Outpacing Supply in the Market
- Diverse and Financially Stable Economic Base
- Average household income of $131,454 in a 5-mile radius
- One of the highest rated school districts in the greater DFW area
- Close proximity to both Fort Worth and Dallas
The median household income in the city is more than double that of the overall submarket, and the town has been competitive in bringing new business to the area. The project, 'The Alexander' is strategically situated to leverage this area's growth.
Bridgeview has conducted a thorough market analysis to understand the local demand for rental units and identify the target market. This analysis has considered factors such as population growth, demographic trends, employment rates, and rental prices in the area to ensure the success of the project.
SOURCES: All Market Demographics from: CBRE 2023
Distances from Mansfield, TX
Key Advantage
The Alexander will benefit from being a wrap project and for being part of the Shops at Broad mixed-use retail and entertainment district. Based on research provided by JLL and IPA brokerage companies out of 70 comparable Class A multifamily properties sold since 2021 a wrap style construction project on average trades at a cap rate of 25 basis points less than a garden style construction project in the same submarket (lower cap rate equals a higher value), demonstrating how construction type can impact cap rates in real-world transactions.
The Alexander will be the only wrap style multifamily property in Mansfield and arguably the nicest property within a 20-mile radius. The walkability of the Shops at Broad, the high demand and income levels in Mansfield combined with the wrap style project premium mentioned above should produce a high exit value upon stabilization.
1725 E Broad Street Mansfield, Texas 76063
Project Location Highlights
Strategically located in a desirable suburban area, The Alexander will be situated for easy access to major employment centers and entertainment hotspots. Positioned off key highways, residents will enjoy quick connectivity to Greater DFW and various employment hubs, such as the General Motors Assembly Plant, Medical City Arlington, Lockheed Martin, American Airlines Headquarters, and other local businesses, ensuring access to high-wage employment opportunities.
- Located within a thriving mixed-use master planned center
- Location provides Ease of Access to Major Highways
The Shops at Broad is a mixed use development located at the corner of Broad street and Hwy 287. This mixed use development is where The Alexander is located and will provide our future tenants access to retail stores and restaurants within walking distance.
The Shops at Broad also offers entertainment and services including the Children's Health StarCenter Ice Rink, Flix Brewhouse moving theatre, a med spa, and a pet grooming facility.
The Shops at Broad Directory
The Shops at Broad Map - November 2024
A brand-new H-E-B grocery store has opened right next to our development offering economic advantages for investors. H-E-B has a reputation for quality, and can attract a demographic with a higher disposable income. Proximity to high-end grocery stores like a H-E-B is often associated with higher property values. This can lead to increased ROI for investors as properties in these areas tend to appreciate faster.
our track record
Bridgeview Real Estate
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.
Multifamily Developments built by Bridgeview
14 ASSETS
Fully Realized
+420M
Total Capitalization
34.7%*
Average Investor IRR
2.91x*
Average Investor Multiple
2,385
Units Sold
1,323
Units Developed
2,464
Units in Pipeline
36 Mo.
Average Hold Period
*Past performance is not indicative of future results. There is no guarantee that the Sponsor will be able to execute similar investments and investors risk the loss of their entire investment.
BVCAP Mansfield Investors - Slide Deck
Click the button below to view our most recent presentation and learn more highlights of the offering.
*The information contained herein does not constitute an offer to sell nor is it a solicitation of an offer to purchase any security. Offers will only be made through a private placement memorandum to accredited investors and where permitted by law. Investments in the firm’s limited partnerships involve a high degree of risk, including the possible loss of your investment, and they are potentially illiquid with an uncertain liquidity date. Prospective investors should carefully review the “Risk Factors” section of any private placement memorandum. Past performance is not indicative of future results.
**BV Capital is a member of the Bridgeview family of companies based in Dallas, TX. BV Capital offers investments to existing private clients, broker dealers, registered investment advisors and family offices. BV Securities (FINRA / BROKERCHECK / Reg BI) is Bridgeview’s managing broker dealer. BV Capital manages the financial and administrative operations for Bridgeview and BV Securities offerings.**
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