Why Longer Hold Times, Lower Risk Are Key for CRE Investment Firm Bonaventure
April 21, 2022
April 20, 2022
It was Dwight Dunton’s grandfather who demonstrated the true value of investing in real estate. In the 1950s, he contributed land to a joint venture for a new apartment complex in Alexandria, Va.—an investment that generated a steady stream of “mailbox checks” over a 40-year period.
In 1999, when the majority partner in the JV wanted to sell the property, 25-year-old Dunton decided to buy out the partner and form his own multifamily investment firm called Bonaventure. Reflecting on that decision, he describes his younger self as “blissfully ignorant” of the challenges associated with owning and managing an apartment building.
“Sometimes not knowing stops you from stopping before you start,” Dunton says.
As founder and CEO, Dunton has built Bonaventure into an integrated alternative asset management company that employs more than 300 people and specializes in multifamily design, development, construction, asset management and property management. The Alexandria, Va.-based firm manages more than 6,000 apartment units across 31 communities, primarily in the Mid-Atlantic and Southeast.
Disclosures
The article is for informational purposes only and not intended to be all-inclusive and may be changed at any time without notice or obligation to update. This article does not constitute tax, legal, or financial advice. Bonaventure does not provide tax, legal, or accounting services. Tax laws and regulations are subject to change, and individual circumstances vary. Investors should consult their own tax advisor, attorney, or qualified intermediary regarding their specific situation before pursuing any of the strategies discussed. Forward-looking statements may be influenced by a variety of factors, many of which are beyond the control of Bonaventure and could cause the actual outcomes to be materially different from what is projected. Past Performance is not indicative of future results.
Investments in the shares involves a high degree of risk that prospective investors should carefully consider before investing. The investment is for Accredited Investors who have the financial ability and willingness to accept the risks and lack of liquidity inherent in an investment in the shares. There can be no assurance that investment objectives will be achieved or that investors will receive a complete return of their capital. This material is not an offer to sell or a solicitation of an offer to buy any interest in any fund sponsored by Bonaventure or its affiliates. Any offering is made only pursuant to a confidential private placement memorandum (PPM) and related offering documents, which should be reviewed in full and which control in the event of any inconsistency with this material. Share interests are not registered under the Securities Act of 1933 or any state securities laws, and Bonaventure offerings are not registered under the Investment Company Act of 1940.