BV Archway Income Fund Launches with Off-Market Buy
BV Capital and Archway Properties have launched the BV Archway Real Estate Income Fund, jump-starting a $50 million equity play with the off-market acquisition of a triple-net-leased asset in a 111-acre Houston business park. The fund has seeded the portfolio with its first holding – a 79,684-square-foot Floor & Décor showroom and warehouse in Park Air 59, a mixed-use development located at the eastern entrance of Bush Intercontinental Airport. The Archway-developed project, which delivered in late 2019, is secured by a triple-net lease with a publicly traded company that’s ranked as one of Fortune 100’s fastest-growing companies.
“Floor & Décor is pandemic-resistant, as evidenced by its stellar growth in the past year. It’s a strong start for the BV Capital Archway Fund portfolio,” says Rob Anderson, president of Dallas-based BV Capital. “The fund has four more properties under contract. Our acquisition sweet spot is $5 million to $15 million.”
The fund is planning to acquire 10 to 12 single-tenant triple-net-leased properties in Texas, leveraging its equity to build an institutional-quality portfolio of commercial assets. BV Capital projects it will be fully invested in one to two years.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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