In the News
Bonaventure Featured in AltsWire on Custom UPREIT Strategy at Attain Downtown East
Bonaventure was featured in AltsWire for executing a custom UPREIT transaction at Attain Downtown East, highlighting the firm’s continued focus on tax-efficient structuring and long-term investor outcomes.
The transaction involved contributing the property into Bonaventure Multifamily Income Trust (BMIT®) through a 721 UPREIT structure, allowing investors to defer capital gains taxes while transitioning into a diversified, institutional multifamily portfolio. This approach builds on Bonaventure’s earlier role in acquiring the asset as part of a 1031 exchange strategy, demonstrating a full-cycle solution from acquisition through recapitalization. 
By structuring both the initial 1031 investment and the subsequent UPREIT contribution, Bonaventure provided investors with a flexible path to maintain tax deferral while gaining access to long-term income and portfolio diversification. The transaction also reflects growing demand among real estate owners for solutions that balance liquidity, tax efficiency, and operational simplicity. 
Located in downtown Norfolk, Attain Downtown East strengthens Bonaventure’s portfolio with a well-positioned asset supported by strong fundamentals and long-term financing, reinforcing the firm’s emphasis on disciplined capital structure and execution. 
The article underscores a broader industry trend: investors are increasingly seeking structured solutions like UPREITs to transition real estate holdings while preserving equity and compounding potential.