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BV Capital raises $8.7m in equity for purchase of student housing projects
Transactions - AUGUST 31, 2021

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BV Capital raises $8.7m in equity for purchase of student housing projects

by Released

BV Capital has facilitated the acquisition of two class A student housing projects in the Dallas–Fort Worth metro area, raising more than $8.7 million of equity within 60 days on behalf of a related company, Bridgeview Multifamily LLC.

Bridgeview Multifamily is marking its inroad into the student housing property sector with the acquisition of the 218-bed Midtown Urban at 1121 UTA Blvd. near the University of Texas at Arlington and 165-bed Liberty Lofts at 3517 S. University Drive near Texas Christian University in Fort Worth. Both assets are 100 percent leased as the new academic year gets under way.

"The capital raise went quickly due to the strength of the sponsor and the universities that the properties serve," said Rob Anderson, president of Dallas-based BV Capital.

An estimated $2 million is earmarked for upgrades at both projects. Exterior renovations will begin immediately. Clubhouses will be updated during the winter break. All units will undergo cosm

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