Articles from Bonaventure

Bonaventure, a vertically integrated multifamily real estate investment firm with $2.6 billion in assets under management (AUM), announced two strategic additions to its executive leadership team. Mike Auerbach joined as Chief Growth Officer, overseeing Bonaventure's tax equity initiatives, and Barrett Lowell joined as Head of Asset Management, focused on the strategic oversight and growth of the broader portfolio. Mike Auerbach brings extensive experience in the tax equity investment space, particularly in 1031 exchanges. Previously, he was pivotal in building one of the largest independent Qualified Intermediaries (QIs), emphasizing transparency, client experience, and execution. At Bonaventure, Mike will focus on expanding the firm's tax-advantaged investment platforms, emphasizing low fees, transparency, and robust investor alignment.

Bonaventure, a vertically integrated multifamily real estate investment firm with $2.6 billion in assets under management (AUM), is pleased to announce key additions to its Capital Markets team. Midquel "Mick" McClendon joins as Senior Vice President of Capital Markets for the Eastern U.S., Kerry Peoples as Senior Vice President of Capital Markets for the Western U.S., and Ryan Conoboy as Vice President of Capital Markets for the Western U.S.

Bonaventure, an integrated alternative asset manager specializing in multifamily real estate, announced it has acquired ownership interest in Solace Apartments, a premier 250-unit multifamily community in Virginia Beach, Virginia. The acquisition was completed as an UPREIT transaction, which is a strategy where property owners contribute real estate to a REIT’s operating partnership, in exchange for ownership interest in that partnership. This transaction strategy allows owners to defer capital gains taxes on the sale of appreciated real estate while gaining access to a diversified portfolio managed by the REIT.

Bonaventure, a vertically integrated multifamily real estate investment company, is excited to welcome David Pittman as Head of Capital Markets.

Bonaventure, an integrated alternative asset manager focused on the investment, development, construction and management of multifamily communities in the Mid-Atlantic and Southeastern regions, today announced two transactions successfully completed by Bonaventure Multifamily Income Trust (BMIT®). Following its May 2024 partial sale of Attain Downtown, a 156-unit Class-A multifamily community in downtown Norfolk, Virginia, BMIT® completed the sale of its remaining $24 million interest in the property. Specifically, Bonaventure created a custom solution for an investor who had a 1031 exchange need, restructuring the investment and selling the remaining fractional ownership of Attain Downtown to allow the investor to complete a tax-efficient transaction. As part of the transaction, Bonaventure will retain management of Attain Downtown.

Bonaventure, an integrated alternative asset manager focused on the investment, development, construction and management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today provided an update on Bonaventure Multifamily Income Trust’s (BMIT®) investment activity and operating performance. BMIT® is Bonaventure’s perpetual life multifamily investment fund and, since its formation in 2021, has focused on acquiring income-producing multifamily assets with long-term, fixed-rate debt using custom, tax-advantaged capital solutions.

Bonaventure, an integrated alternative asset manager focused on the investment, development, construction and management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the sale of a roughly $18 million interest in Attain Downtown, a 156-unit Class-A multifamily community in downtown Norfolk, Va. and the acquisition of Cavalier Crossing, a 144-unit apartment community in Charlottesville, Va. The transactions were completed on behalf of Bonaventure Multifamily Income Trust, Inc. (BMIT®) – its perpetual life multifamily investment fund.

An innovative place to call home is now open in Northern Virginia. Attain at Towne Centre is celebrating its Grand Opening. It is a joint venture between Cafaro Company and Bonaventure, an integrated alternative asset manager focused on the development, construction and asset management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions. Attain at Towne Centre is a 271-unit, Class A multifamily community which has replaced the former Sears anchor at Spotsylvania Towne Centre mall in Spotsylvania County / Fredericksburg, Virginia. This residential community, which broke ground in April of 2022 and was delivered on-time, is part of an ongoing diversification effort for the mall and brings a high-quality rental housing option to Northern Virginia’s growing population.

Bonaventure, an integrated alternative asset manager focused on the investment, development, construction and management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced its investment activity exceeded $240 million in 2023. Transaction volume was driven by Bonaventure’s perpetual life multifamily fund, which saw consistent deal flow through the strategic execution of tax-deferred investment solutions custom-built for sellers seeking optionality and coveted liquidity.

Bonaventure, an integrated alternative asset manager focused on the investment, development, construction and management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the $42 million acquisition of Monticello Station Apartments, a 121-unit Class-A multifamily community in downtown Norfolk, Va. on behalf of its perpetual life multifamily fund. As part of the transaction, Monticello Station will be rebranded and operated as Attain Downtown East. Attain is Bonaventure’s luxury brand, aiming to help residents to attain the highest level of comfort, belonging and happiness at its communities.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today hosted the grand opening of Attain at Harbour View, a 300-unit Class-A multifamily community located at 2000 Ironside Drive in Suffolk, Va. Attain is Bonaventure’s luxury brand and symbolizes the company’s commitment to help its residents attain the highest level of comfort, belonging and happiness at its communities.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, is pleased to announce the appointment of veteran financial services executive Andy Marshall as Senior Vice President, Head of Capital Markets. Based in Atlanta, GA, Marshall will help lead Bonaventure’s capital raising efforts in addition to supporting marketing, investor relations and new product development.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced that its affiliated private REIT acquired three multifamily properties in separate UPREIT transactions.

Bonaventure, an integrated asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced that its investment activities exceeded $1 billion in 2022, demonstrating sustained growth and the company’s proven ability to successfully navigate changing market conditions.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced a partnership with Family Office Networks (“FON”) to bring its real estate offerings and services to FON’s more than 500,000+ subscriber participants, including 10,000+ global family offices.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today hosted the ground-breaking of Attain at Bradford Creek located at 556 Martin Road in Huntsville, Alabama to celebrate entering a new Southeastern market. The 350-unit Class A multifamily community, ideally located 15 miles from downtown Huntsville in the Madison/Airport submarket, will deliver much-needed additional high-quality housing to the community.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced its partnership with Project Destined. Bonaventure’s partnership will support Project Destined and its mission to provide training in financial literacy, entrepreneurship, and real estate to students from underserved communities. Since its founding in 2016, Project Destined has worked with more than 4,500 participants in 35 cities across the U.S., the United Kingdom and Europe. Bonaventure welcomes its Fall 2022 mentee group from Georgetown University, Howard University, George Mason University, Virginia State University and George Washington University.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced that it acquired ownership in two multifamily properties in separate UPREIT transactions.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the appointment of Barry H. Bass as Chief Financial Officer. Bass brings more than three decades of real estate finance experience to Bonaventure, having previously served as the CFO of several public and private real estate companies.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced a partnership in which iCapital1 will provide a customized end-to-end technology solution that will enable financial advisors and their accredited clients to access Bonaventure’s alternative investment offerings.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the commencement of construction on a 133-unit luxury senior living project in the Old Town West neighborhood of Alexandria, Virginia.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the commencement of construction on Phase II of Palmer’s Creek, an attainable garden-style multifamily community located in Fredericksburg, Virginia.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the sale of a 289-unit garden-style multifamily property Williamsburg, Virginia, to Illinois-based The Inland Real Estate Group.

Star Development, a fully integrated commercial real estate company with proven experience in development, acquisitions and management, and Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today celebrated the groundbreaking of 23rd & Swift, a Class A multifamily community located in North Kansas City, Missouri. Maxus Properties is an investor and will be handling property management for this project.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, yesterday hosted the ground-breaking of Attain at Spotsylvania Towne Centre located in Fredericksburg, Virginia. The 271-unit Class A multifamily community will replace the former Sears store, providing local residents with additional high-quality housing and helping to advance the revitalization of the mall.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, announced today that it has rebranded Aura, its luxury lifestyle product, as Attain. The name Attain better reflects Bonaventure’s commitment to help its residents attain the highest level of comfort, belonging and happiness at its communities.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the formation of a strategic partnership with Richmond, Va.-based SNP Properties LLC to acquire ownership interest in Richmond’s Vida East Apartments as part of an UPREIT transaction.

Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today announced the formation of a strategic partnership with Richmond, Va.-based SNP Properties LLC to acquire ownership interest in Richmond’s Vida East Apartments as part of an UPREIT transaction.

Bonaventure, an integrated asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, is proud to announce the recent ground-breaking of the firm’s first senior living community in North Carolina.

Bonaventure, an integrated asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today provided a recap of its business activities in 2021.

Bonaventure, an integrated investment asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the MidAtlantic and Southeastern regions announced today the acquisition of two luxury apartment communities in Virginia, Messenger Place and Magnolia Run. The two properties were acquired in separate off-market transactions. To finance the acquisitions the company successfully closed an $85 million Fannie Mae credit facility through KeyBank. Bonaventure also drew from the flexible FNMA facility to refinance one of the company’s previously owned properties, effectively giving the firm flexibility at the portfolio level, versus the property level, to lock in favorable interest rates, expand strategically, and build value for investors.