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.”