BV Capital has fully subscribed Bridgeview’s inaugural offering, BV Design Multifamily DST, raising $31.14 million for the acquisition and renovation of a 214-unit class A project in Dallas’s eclectic Design District.
The DST, which is a Regulation D private placement, funded the acquisition of The Dunhill, soon to be rebranded The Adelphi, at 1900 Hi Line Dr., an irreplaceable infill location with neighbors like the 214-key Virgin Hotel and Dallas Urby’s 27-story multifamily twin towers.
“We saw The Dunhill as an excellent opportunity to provide the DST space with a value-add, core-plus investment at a five-star location,” said Rob Anderson, BV Capital’s president. “It’s rare to see a product of this caliber in the DST marketplace.”
Completed in 2010, The Dunhill is a four-story wraparound design with a parking garage on 4.11 acres. Amenities include a saltwater pool with underwater speakers, clubhouse, high-tech gym, business center, amphithe