Login

Bonaventure Looks To Tax-Advantaged Property Swap as Apartment Sales Stall

Firm Unlocks Investable Capital, Expands Portfolio Through 1031 Exchange

A so-called 1031 exchange allowed Bonaventure to sell an $18 million partial stake in Attain Downtown in Norfolk, Virginia, and reinvest those funds in another property. (Bonaventure)
A so-called 1031 exchange allowed Bonaventure to sell an $18 million partial stake in Attain Downtown in Norfolk, Virginia, and reinvest those funds in another property. (Bonaventure)

Multifamily investment and management firm Bonaventure has sold a partial ownership stake in a luxury multifamily property to fund the purchase of a project in need of upgrades through a tax-advantaged transaction as disruptions in traditional financing have dragged down sales volume across the sector.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In