Carriage Homes on the Lake
Multifamily property in Garland, TX — sponsored by Bridgeview Student Housing
Files with the SEC as BV Carriage Homes on the Lake DST
Minimum investment
$50k
Offering size
$64.7M
How much has sold
43.0%
Asset type
Multifamily property
Location
Garland, TX
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Carriage Homes on the Lake is a Delaware Statutory Trust (DST) — a passive co-ownership vehicle whose interests can be used in a 1031 exchange — sponsored by Bridgeview Student Housing. Its first Form D, the SEC notice for a private placement, set a $64,741,701 offering for a residential property.1 Sponsor material covering 2024 says Bridgeview finished raising this, its second DST; no filing names the building.3
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
No SEC filing for this Trust names the property; the Form D describes the offering only as residential.1 A secondary marketplace lists an identically named trust as a closed multifamily deal in Garland, Texas, but supplies no underlying property record, and its year-built and pricing data conflict with a same-named Garland apartment community listed elsewhere.5 Acquisition date, price, unit count and operator remain unresolved in the public record.
- Reported location
- Garland, TX
How did it end?
No sale or other ending on record
No full-cycle or disposition announcement found; SEC EDGAR shows only the Feb 12, 2024 Form D/A amendment with no subsequent 8-K, 3C/3D, or sale notice; BV Capital's multifamily fund 'current portfolio' page still lists Carriage Homes on the Lake (Garland, TX) as a current/held property, indicating the trust continues to own and operate the asset.
Supporting evidence
How is it financed, and what does it pay?
Nothing in this Trust's filings states whether the property was bought with mortgage debt or all cash, so the capital stack is unknown from the public record. In a leveraged DST the loan is non-recourse to investors, and the lender and terms would be set out in the private placement memorandum (PPM), the offering's disclosure document.
Who's behind it?
This Trust comes from the Bridgeview / BV Capital group of Texas real estate companies.3 The initial Form D names BV CH Depositor LLC as depositor, CH Manager, LLC as administrative trustee, and Steven May as founder of an affiliate of the sponsor.1 BV Capital's year-in-review covering 2024 states the firm completed the raise on its second Delaware statutory trust and identifies this Trust as that one; it gives no closing amount or closing date.3
- Sponsor
- Bridgeview Student Housing
- Legal Trust name
- BV Carriage Homes on the Lake DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 2 total offerings from Bridgeview Student Housing
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The original notice was followed by two amendments, each updating the running sales tally without changing the $64,741,701 offering size.1 The Trust was offered under Rule 506(b), the private-placement exemption that allows sales to accredited investors — those meeting SEC income or net-worth tests — without general advertising.
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 3
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Carriage Homes on the Lake?
Top1031 lists Carriage Homes on the Lake as historical. It is no longer raising money.
Where does Top1031 get the data for Carriage Homes on the Lake?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Is this Trust still open to new investors?
The last Form D amendment on record was filed February 12, 2024. BV Capital's year-in-review covering 2024 states the firm completed the raise on its second Delaware statutory trust and identifies BV Carriage Homes on the Lake DST as that trust, and a secondary marketplace lists the offering as closed. Treat it as closed to new investors unless the sponsor says otherwise.
What property does the Trust actually own?
The public record does not resolve it. The Form D classifies the offering as residential but names no asset, and no SEC filing gives an address, unit count or acquisition price. A same-named apartment community in Garland, Texas appears in third-party listings, but nothing in the primary record links that property to this Trust.
What was the minimum investment?
Each Form D for this Trust specified a $50,000 minimum outside investment, from the initial August 8, 2023 notice through the February 2024 amendment. That is the filing-stated minimum; the actual subscription terms for any investor sit in the private placement memorandum (PPM).
What fees did the filings disclose?
The February 2024 Form D/A estimated $4,643,514 of use of proceeds for fees, listing Managing Broker Dealer, Marketing and Due Diligence, Offering and Organizational, and Acquisition Fees that may accrue to related persons. The filings also report $3,884,502 of sales commissions for the offering.
Is there any litigation or regulatory action against this Trust?
On June 25, 2025, The White Law Group published an investigation notice concerning possible broker liability for recommendations of BV Carriage Homes on the Lake DST. That is a law-firm solicitation and investigation lead, not a finding. No court, regulatory, bankruptcy or disposition record for the Trust was identified in the research for this profile.
Can this Trust convert into a REIT?
No 721/UPREIT exit — the structure in which DST investors contribute their interests to a REIT's operating partnership for OP units — is recorded for this Trust. Any exit path would be described in the PPM and trust agreement.
Chapter 8BV Carriage Homes on the Lake DST: Lawsuit InvestigationSecurities-law firm profile notes that BV Carriage Homes on the Lake DST is a Delaware Statutory Trust offered in 2023 by BV Carriage LLC (a Bridgeview Real Estate affiliate) that sought to raise approximately $64.7 million.