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.