Bonaventure was featured in Connect Money in an article highlighting the full subscription and closing of two Virginia multifamily Delaware Statutory Trust offerings.
The article notes that Bonaventure raised more than $54 million in total equity from 86 investors across two communities: Promenade Pointe, a 183-unit waterfront multifamily community in Norfolk, Virginia, and Messenger Place, a 94-unit multifamily community in downtown Manassas, Virginia.
The offering completion reflects continued investor demand for institutional-quality multifamily assets in supply-constrained markets, particularly when paired with experienced ownership, operational expertise and tax-efficient investment structures.
Promenade Pointe was developed by Bonaventure in 2013 and has remained under the firm’s ownership and management since stabilization. Messenger Place is a Class A multifamily community in downtown Manassas that Bonaventure acquired in 2021.
The article also highlights how these offerings support investors seeking different tax-efficient real estate investment paths, including 1031 exchanges, DSTs and potential long-term ownership structures.
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