Bonaventure

Value-add multifamily isn't a strategy. It's a stress test for the operator.

We just closed Royal Pointe — 208 units in Virginia Beach, $39.5M, acquired through BMIT.

The deal structure tells the real story: we assumed the existing financing, layered in a partial 1031 exchange and a 721 UPREIT for the contributing investors, and we're executing the renovation plan with scale we already have in the market.

Anyone can buy a 1987-vintage asset and point to upside on paper. Far fewer can structure it that way and deliver.

In a transitional market, returns come from ex*****on at the property level — not rent growth we don't control. Virginia Beach gives us supply-constrained fundamentals. Our existing Hampton Roads portfolio gives us the operating leverage.

26 years. $590M+ of our own capital invested first.

Full story in MultifamilyBiz → https://www.multifamilybiz.com/news/11372/bonaventure_expands_multifamily_valueadd_portfolio

When is 8% better than 10%?
When your client cares more about durability than drama.

If you’re an advisor, you’ve seen this play out:
- Higher yield tied to floating debt
- Short maturities in uncertain rate environments
- Rent growth assumptions are doing the heavy lifting
The result? Income that looks strong on paper but feels fragile in practice.

This piece breaks down:
- How capital structure impacts income stability
- Why long-duration, fixed-rate financing can reduce forced exits
- What to look for when evaluating yield vs. risk
- How to frame this conversation with clients focused on understanding risks

If you allocate to private real estate, this is a practical lens for underwriting yield more intelligently.

Read the full article here > https://bonaventure.com/when-8-percent-is-better-than-10-percent/

This is not an offer to sell or a solicitation of an offer to buy securities.

When 8% Is Better Than 10% - Bonaventure Understanding Risk-Adjusted Income in Preferred Offerings NOT ALL PREFERRED OFFERINGS ARE CREATED EQUAL. In today’s...

Good discussion with ADISA, moderated by Greg Mausz.

In this video, Bonaventure CEO Dwight Dunton shares a practical perspective on focusing on fundamentals and long-term outcomes as market conditions continue to evolve.

Worth a watch > https://youtu.be/2KpoXouRtmM?si=j1om442Mj8O5YpKM

S11 E4 - NAV REITs in Focus: Limited Liquidity, Valuation, and Advisor Considerations This episode of Focus on Alternatives conversation offers an educational look at how NAV REITs fit into today’s real estate landscape. Dwight Dunton, CEO of ...

Housing Gen Z is already shaping how multifamily evolves.

This new Multi-Housing News article looks at why serving the next generation of renters is both a challenge and an opportunity. Bonaventure CEO Dwight is quoted throughout this piece, sharing practical insights on affordability, flexibility, and how renter expectations are shifting in real time.

It’s a thoughtful read for anyone considering where demand is headed next.

Read the article here > https://www.multihousingnews.com/why-housing-gen-z-is-a-challenge-and-an-opportunity/

Why Housing Gen Z Is a Challenge—and an Opportunity This cohort is "slow-stepping" into adulthood, and that has implications.