Bonaventure Multifamily Income Trust (BMIT®) is a perpetual-life, tax-efficient multifamily REIT designed for investors seeking durable income and long-term real asset exposure through a diversified, operator-led portfolio.
Built for investors who care not just about how much income an investment targets, but how that income is generated and sustained across market cycles.
$1.2B+
$135M
98%
Why Investors Consider BMIT
Investors focus on how income is produced, protected, and sustained. BMIT is structured around four fundamentals that support consistency across market cycles:
Income is generated across 23 properties and 4,290 units¹, reducing reliance on any single asset, tenant base, or market.
Monthly distributions (not guaranteed) supported by operating cash flow from multifamily properties rather than a single business plan or exit event.
98% of property-level debt is fixed-rate, with an average maturity of approximately 18 years, intended to reduce interest-rate sensitivity, though risk remains.
Bonaventure is the largest investor in BMIT, with $135M of its own capital invested alongside shareholders, participating in both upside and downside.
BMIT offers two income-oriented share classes designed to align with different risk and return preferences.
Review the Due Diligence kitDesigned for investors seeking income with long-term appreciation potential.
Monthly distributions (not guaranteed), currently equating to a 5.3% annualized yield based on NAV²
Participation in portfolio-level appreciation
Long-term investment orientation
Built for investors who want reliable income backed by senior position, not just higher yield.
8.0% annualized preferred distribution, paid monthly; cumulative, non-compounded, not guaranteed³
Senior to common equity in the capital structure
Optional conversion to common at a 5% discount to NAV after year four⁴
Redemption requests may be accepted after year six, subject to availability⁵
BMIT generates income across a diversified multifamily portfolio. This reduces reliance on any single property, tenant, market, or execution outcome.
23
Properties
4,290
Units
98%
Fixed-Rate Debt
17
Year Average Term To Maturity
Project
The Field House
Location
Lawrenceville, GA
Project Type
Core
Project Detail
This stabilized multifamily asset, acquired at 95%+ occupancy in a growing suburban submarket, is positioned to generate consistent monthly cash flow with durable rental demand and limited near-term capital expenditure risk.
Project
The Cascades
Location
Virginia Beach, VA
Project Type
Core-Plus
Project Detail
This 2010-built multifamily property enhances returns through targeted unit renovations, amenity repositioning, and operational improvements that strengthen NOI while balancing income stability and appreciation potential.
Project
Braddock Lee Apartments
Location
Alexandria, VA
Project Type
Value-Add
Project Detail
This legacy asset was acquired with below-market rents and renovation upside, then repositioned through capital improvements, upgraded units, expanded rentable space, and strengthened leasing practices to improve long-term stability and performance.
BMIT is sponsored by Bonaventure, a vertically integrated multifamily owner-operator with over 25 years focused exclusively on apartment ownership, where income is driven by property-level operations and long-duration financing rather than short-term leverage or rate arbitrage.
Sponsor experience spans multiple market cycles. Past performance does not guarantee future results.
Review the Due Diligence Kit
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