HOUSTON, TX – BV Capital and Archway Properties have launched the $50 million, BV Archway Real Estate Income Fund. The fund plans to acquire 10 to 12 single-tenant, triple net-leased properties in Texas, in effort to build an institutional-quality portfolio of assets.
The companies have initiated the fund with the off-market acquisition of a triple net-leased asset in Houston, TX. The acquired asset is a 79,684-square-foot showroom and warehouse, which is triple net-leased to the publicly-traded company, Floor & Décor. Located in an 111-acre business park, within the mixed-use development, Park Air 59, the fund's first holding was developed by Archway Properties and delivered in late 2019.
"Floor & Décor is pandemic-resistant, as evidenced by its stellar growth in the past year," says Rob Anderson, president of BV Capital. "It's a strong start for the BV Capital Archway Fund portfolio. Archway Properties truly is a great partner for sourcing and acquiring properties."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
