Real estate investment veteran Matt Ferrari has launched PXV Multifamily, a private multifamily investment and operating firm which will target a broad spectrum of assets from middle-market value-added properties to institutional quality opportunities in select key markets throughout the United States.

PXV is capitalized with funds from BroadVail Capital Partners, a Houston-based real estate private equity firm that partners with best-in-class management teams to build institutional real estate investment platforms. This marks BroadVail’s entrance into the traditional multifamily sector, with other active platforms in the industrial, self-storage and affordable housing sectors that have collectively closed on more than $4 billion of deal flow.

PXV aims to build $2 billion-plus in assets under management during the next 36 months by acquiring properties directly with its own capital and through joint ventures with limited partners.  The firm, which is based in Miami,