BV Archway Real Estate Income Fund has acquired a quartet of single-tenant assets, all triple net-leased, in Texas in a fast-paced round of closings valued at more than $40 million.
These acquisitions have expanded BV Archway’s triple net-lease portfolio by 263,323 sf of class A and class B industrial and retail space in Houston, El Paso and Millsap situated 30 minutes west of Fort Worth. The average weighted lease term is 10 years for the fund’s new holdings.
...BV Capital has facilitated the acquisition of two class A student housing projects in Dallas/Fort Worth, raising more than $8.7 million of equity within 60 days on behalf of a related company, Bridgeview Multifamily LLC.
“The capital raise went quickly due to the strength of the sponsor and the universities that the properties serve,” says Rob Anderson, president of Dallas-based BV Capital.
...BV Capital is projecting a 7% annual preferred return for the new investment vehicle, which is coming to market as a real estate alternative for accredited income investors.
“The beauty is we’ve created a fund that produces cash flow for accredited investors with tax benefits minus the turbulence of today’s markets,” Anderson says.
...