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BV Capital Funds Off-Market Buys of Multifamily Development in DFW, Texas Hill Country

In back-to-back off-market transactions, Dallas-based BV Capital and its investors have funded Bridgeview Multifamily’s acquisition of development sites in Dallas/Fort Worth and the Texas Hill Country to build two class A multifamily projects totaling nearly 800 units. A transaction value was not disclosed.

Bridgeview expects to break ground this year on both sites. More than 400 units will be developed on 7.8 acres in Mansfield, one of DFW’s high-growth suburbs, and 380 apartments are planned for a 17.06-acre tract in New Braunfels.

BV Capital’s sister company and development arm, Bridgeview Multifamily, is planning a four-story project in Mansfield – a mix of one- and two-bedroom apartments with a targeted average of 850 sf. Construction is anticipated to get underway in the fall.

“Both development sites are irreplaceable locations within close distance of their respective city’s top attractions,” says Rob Anderson, president of Dallas-based BV Capital, a member of the Bridgeview family of companies. “These were development opportunities that required a quick close that we just couldn’t pass up, even though it meant deploying a new investment strategy for us.”


Inside The Story

BV Capital

About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • 110 Highwater Ln

    New Braunfels, TXTexas + Apartments
    Listing Status:Unavailable
    Listing Type:Call for offers
    Year Built:2010
    Opportunity Zone:No
    Learn More
  • Shadow Park Apartment Homes

    Lake Jackson, TXTexas + Apartments
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:168
    Cap Rate:5.99
    Average Occupancy:86
    Year Built:1980
    Building Size:119880 Sq ft
    Lot Size:6.14 Acres
    No. of Stories:2
    APN:2115-0126-000, 2115-0009-000
    Zoning Code:2/27/17 CJC
    Opportunity Zone:No
    Price per unit:$76,190
    Learn More
  • ◦Sale/Acquisition
  • ◦Development
  • ◦Financing
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