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Bridgeview Debuts Texas Student Housing DST Offering
Bridgeview Real Estate, a Delaware statutory trust sponsor company and developer, has launched a $27.2 million DST offering of student housing projects at Texas Christian University and University of Texas at Arlington.
The BV Student Housing Texas Portfolio DST consists of the 55-unit Liberty Lofts at 3517 S. University Dr. in Fort Worth, which is currently master-leased to TCU, and 70-unit Midtown Urban at 1121 UTA Blvd. in Arlington, which is 96% leased.
The recently launched DST is a Regulation D equity raise for accredited investors seeking capital gains deferments, including 1031 Exchanges. For 1031 Exchange investors, the minimum investment is $100,000 or direct cash placement of $50,000. Bridgeview has raised 30% of the offering.
“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 Bridgeviews’s Ross Curtis.
- ◦Financing
