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. 

The DST, which is a Regulation D private placement, funded the acquisition of The Dunhill, soon to be rebranded The Adelphi, at 1900 Hi Line Dr., an infill location near the 214-key Virgin Hotel and Dallas Urby’s 27-story multifamily twin towers. 

“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.” 

Completed in 2010, amenities include a saltwater pool with underwater speakers, clubhouse, high-tech gym, business center, amphitheater, outdoor picnic areas and dog park.

Connect Texas Multifamily 2023 will take place on Aug. 22, 2023 at Virgin Hotel in Dallas. Click here for more information and to register.