Bonaventure

Dated DST and acquisition activity

On June 29, 2026, Bonaventure announced the full subscription and closing of two multifamily DST offerings, Promenade Pointe and Messenger Place, reporting more than $54 million of equity raised from 86 investors ⁷. Multi-Housing News reported on April 22, 2026 that Bonaventure had acquired the 208-unit Royal Pointe Apartments in Virginia Beach for $39.5 million through Bonaventure Multifamily Income Trust, in a transaction incorporating both a partial 1031 exchange and a 721 exchange ⁸. On August 19, 2026, the firm announced that it had acquired an ownership interest in Crescent at Chevy Chase through the same trust and assumed asset management of the 111-home community, with terms undisclosed ⁹.

Sponsor-reported realized outcomes

Bonaventure's realized track-record document covers multifamily acquisitions, ground-up developments, and LIHTC assets sold between 2004 and 2025, and the reported outcomes vary widely. Recent entries reported by the sponsor include Mason Avenue, sold in July 2025 after a 4.6-year hold at a 1.34x equity multiple and 8.0% annualized return; the Alate Old Town development, sold in March 2025 after a 3.2-year hold at a 0.60x equity multiple; and East Beach Marina, sold in March 2023 after a 3.2-year hold at a 1.45x multiple and 10.0% annualized return ¹⁰.