(Demo) Bridge Tower's Select Fund VI
Location: varies, Texas
BT Select Fund VI, LP (the 'Fund') is Bridge Tower's 14th equity fund. In top-tier MSAs in Texas and North Carolina, the Fund will acquire and stabilize existing single-family residential (SFR) homes, as well as develop new Build-to-Rent (BTR) single-family communities. Fund Summary Target Returns: +/-25% annualized ROI (106% ROI cumulative; 2.06x multiple; for Class A shares). Minimum Investment : $100,000. Term : +/-5 years. Size : $25 million. General Partner reserves the right to increase the amount by an additional $25 million. Liquidity : 3-year lock up; quarterly redemptions thereafter. Two classes of shares are offered, both with dividends commencing the same quarter the contribution is made: Class A (Common): 7.0% annual preferred return (paid quarterly); then LP’s receive a 70% split of profits upon portfolio sale. (for income & growth-focused investors). Class B (Preferred): 10.0% annual preferred return (paid quarterly); no split of equity gains upon portfolio sale. ( for income-focused investors). Reporting Quarterly investor letter/narrative. Online portal for investor statements, tax filing documents, etc. Compiled financial statements, includes a list of specific properties, sent to investors annually. Proven Investment Thesis Demand: There is high demand for affordable housing among 25-54 year olds. With limited resources for purchasing a home and desire for more space in their place of residence, many Americans in this age group turn to rental housing. Over the next decade, we expect the growth rate of renter occupied homes will exceed that of owner-occupied homes as the supply & demand imbalance continues. Single family homes have been chronically underbuilt for well over a decade, with a current supply deficit of over 4 million homes. Affordability : In Bridge Tower ’s target markets, the price of buying a home exceeds the cost of renting a newly constructed home. The presence of high interest rates and upward pressure on pricing due to limited inventory make renting an attractive solution for anyone priced out of homeownership. Nationally, renting is about 40% more affordable than homeownership in most markets. Superior Product: Bridge Tower's newly-constructed or renovated homes offer more efficient living spaces, private outdoor spaces, and premium finishes that competitive single family or multifamily simply cannot offer. Our typical product is a 3-4 bedroom, 2,000 SF detached single family home with 9' ceilings, 2-car garages, smart home features, and much more. Return on Investment: Net income (rental income minus fees and expenses) plus margins from constructing homes at 10-20% below replacement costs leads to attractive total returns for investors. Bridge Tower acts as our own general contractor, with our homebuilding and purchasing vertical responsible for hedging costs and building quality homes with economies of scale that we are proud to hold in longer-term funds. Strategy At Bridge Tower, our Funds are designed to offer investors flexible and accessible real estate investment opportunities. With a focus on transparency, liquidity, and growth potential; our investments aim to deliver competitive risk adjusted returns to our investors. Our investment criteria focuses on submarkets with strong economic indicators, vibrant communities, strong supply & demand dynamics, and significant potential for asset appreciation. Target MSAs in Texas, North Carolina, and the Sunbelt in general are characterized by strong population growth, net job & economic growth, favorable regulatory environments, strong school districts, and easily accessible employment hubs, dining, entertainment, and transportation. Bridge Tower is a leading vertically-integrated real estate investment company focused on U.S. residential real estate, featuring an experienced team of professionals disciplined in acquisition, entitlement, development, construction, property management, and leasing. Since 2013, Bridge Tower has deployed over $1.5B and built or acquired over 4,500 single family rental homes across the U.S. Sunbelt markets. (provided images are of previous Bridge Tower projects and are representative in nature)
More listings on LPShares
- R/E Senior Preferred Debt option in EF I, fixed income paid quarterly
- Edes Court residential vertical build in Morgan, Hills, CA
- Homes Built for America backed by The True Life Companies Land Supply
- Groma Growth Fund IV: Providence
- North Square Capital Debt Fund
- The True Life Companies
- Real Asset Secondaries Fund - High Cashflow & Equity Target
- Vacant-to-Value: High Upside, Low Basis Multifamily
- Low Basis 244 Unit Multifamily Value-add in KC!
- Multifam 3 Pack in CO Springs - Income, Growth, Depreciation
- Magnolia Flex Business Park | 3% Target Quarterly Distributions | Class A-1
- Cascadia Pacific Developments, Inc.
- Alphon House II - Copy
- KM Realty Investment Trust, Inc.
- Stomp Short Term Rental Opportunities Fund LLC
- Sovány
- Bradford's Prestigious Uptown Tower - Dallas TX
- Spire Fund I, LP
- RE Syndication Equity for Sale - 4 Value Add Mobil Home Parks and Multifamily funds
- Tennessee 375-units Class C Multifamily Complex - value-add deal - 20.07% average return, 16.55% IRR, 2.01x equity multiple
- THE HARTHAN - Austin's Newest and Most Exclusive Hotel and Private Members Club
- Bend, OR Class-A Group-Up Self Storage Development
- 17404 Katy Freeway
- Your Cashflow and Tax Strategy for 2025: Horizon Apartments San Antonio, TX