Bonaventure
Overview
Bonaventure is a vertically integrated Mid-Atlantic and Southeast multifamily firm, founded in 1999, that has built its 1031/721 franchise around its perpetual-life Bonaventure Multifamily Income Trust (BMIT), through which it has facilitated more than $1.5 billion in tax-deferred exchanges. The model is notable for its balance-sheet discipline—roughly 98% fixed-rate debt—and for an UPREIT structure that lets exchangers roll into a diversified, professionally managed apartment portfolio. With a claimed net annualized BMIT return north of 22% and full control of development, acquisition and management, Bonaventure markets operational integration and rate-risk insulation as its core advantages.
Strategy & advantages
- Built around its perpetual-life BMIT trust ($1.1B+ gross assets), offering a 721/UPREIT roll-up for exchangers.
- Has facilitated more than $1.5 billion in tax-deferred exchanges, substantial for a regional firm.
- Runs a balance sheet roughly 98% fixed-rate, insulating cash flows from rate shocks.
- Fully vertically integrated across Mid-Atlantic/Southeast multifamily.
- Cites a net annualized BMIT return north of 22%, a standout if sustained.
Important disclosures. Sponsor information and performance metrics are sponsor-reported and compiled by Baker 1031 from sponsor and public sources; they have not been independently verified and are subject to change. Full-cycle returns, equity multiples, hold periods, and success rates reflect realized programs only (survivorship bias), are averaged across differing assets, vintages, and structures, are net of fees and program expenses, and are not indicative of future results and not a recommendation. Designation as a preferred sponsor reflects Baker’s due-diligence coverage, not an endorsement or guarantee. For accredited investors only; not an offer or solicitation. Securities offered through Aurora Securities, Inc. (ASI), member FINRA/SIPC; subject to registered-principal approval.