Bridgeview Real Estate, a Delaware statutory trust sponsor company and developer, has launched a $27.2 million DST offering of student housing project Liberty Lofts at Texas Christian University and University of Texas at Arlington.
The BV Student Housing Texas Portfolio DST consists of the 55-unit Liberty Lofts, which is currently master-leased to TCU, and 70-unit Midtown Urban at 1121 UTA Blvd. in Arlington, which is 96% leased. Liberty Lofts Located in perfect proximity. Offering access to an abundance of dining and entertainment options off University Drive near TCU and other Fort Worth neighborhoods while not being too far away for a day trip to Dallas or Arlington. Contemporary two and three-bedroom apartment homes and 24-HR fitness center, resident lounge, and swimming pool with shaded pool deck with grilling station.
The recently launched DST is a Regulation D equity raise for accredited investors seeking capital gains deferments, including 1031 Exchanges. For 1031 Exchange investors, the minimum investment is $100,000 or direct cash placement of $50,000. Bridgeview has raised 30% of the offering.
“The decision to create a student housing DST was predicated on the lack of supply for this asset class in the investment market’s current environment,” says Bridgeviews’s Ross Curtis.
Bridgeview Real Estate is a locally owned real estate brokerage created by two Realtors with a unique vision; to bring together a team of agents who support each other in both business and life, and create a model where each member understands and practices our fiduciary duties in every client relationship. Obedience, loyalty, full disclosure, confidentiality, and accountability are the basis of our real estate foundation and form the framework of honest and ethical real estate practices.
