Alexandria, Virginia–(business wire) — Bonaventure, an integrated asset manager focused on the development, construction and asset management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeast regions, today announced that its investment activity will reach $1 billion in 2022 announced that it exceeded The company’s proven ability to successfully navigate changing market conditions.
In the past year, Bonaventure has acquired six multifamily communities across its target markets. This he made up of 1,399 units and was worth $358 million. In Virginia he has five properties (Norfolk, Virginia Beach, Richmond, Hampton, Newport News) and in Lawrenceville, Georgia he has one property.
In connection with its development activities, Bonaventure has acquired Palmers Creek, a 200-unit luxury multifamily residential community in Fredericksburg, Virginia, and a 300-unit upmarket-rate multifamily community in Suffolk, Virginia. provided Phase 1 of Attain in Harbourview. The company also continued to build its development pipeline with the addition of his seven properties under construction. These projects include:
Four senior living communities totaling 560 units in Virginia (Chesapeake, Spotsylvania, Alexandria) and Cary, North Carolina represent new markets for Bonaventure.
Three multifamily communities of 821 units located in Fredericksburg and Spotsylvania, Virginia, and Huntsville, Alabama are also new markets for Bonaventure.
Bonaventure also took over management of a multifamily residential community in Richmond, Virginia and sold a luxury multifamily home in Williamsburg, Virginia for $100 million, delivering an attractive return on invested capital.
Commenting on this year’s business activity, Dwight Dunton, Founder and CEO of Bonaventure, said: Acquisition activity increased significantly year-over-year, demonstrating our ability to execute our development pipeline and consistently source deals and opportunities that meet our rigorous investment criteria. Additionally, we have entered new markets, added top talent across the enterprise, and formed mutually beneficial partnerships with organizations. This allows us to reach new investors, expand our professional network and nurture the next generation of industry talent. Our team has acted with diligence and perseverance in all aspects of the market, acting in line with our strategy and delivering remarkable results along the way. ”
Bonaventure continues to add exceptional talent to its team in 2022, hiring Barry H. Bass as Chief Financial Officer. Additionally, Bonaventure has entered into strategic partnerships with third parties to support the business and his ESG goals. The partnership with iCapital provides customized end-to-his technology solutions that enable Financial His Advisors and their accredited clients to access Bonaventure’s alternative investment services. The partnership with Family Office Network (FON) has given Bonaventure access to his 500,000+ subscriber participants, including 10,000+ family offices, expanding the investor universe of the company. Partnering with Project Destined to provide financial literacy, entrepreneurship and real estate training to students in underserved communities.
Given Bonaventure’s vertically integrated platform, deep knowledge of target markets, extensive capital relationships and investment experience through multiple economic cycles, the company is uniquely positioned to grow and deliver lasting value to its stakeholders is in
Headquartered in Alexandria, Virginia, Bonaventure is a full-service alternative asset management firm specializing in the design, development, construction, investment and property management of multifamily homes. Bonaventure manages more than $1.5 billion of his assets and is an expert in low-cost financing, where he manages over 6,000 apartments in 31 communities, primarily in the Mid-Atlantic and Southeast regions. increase. Since Dwight Dunton’s founding in 1999, with the goal of creating best-in-class capabilities that connect capital to assets, the company’s focus has been on building lasting value through ingenuity while risk-adjusting It was to generate excess returns on a base basis. For more information, please visit www.Bonaventure.com.