• Bonaventure acquired a 260-unit multifamily community in the Tampa area in January 2023 through a partial UPREIT transaction.
• The property was valued at $87.1 million, with total equity of $48.5 million.
• The sponsor exchanged $27.6 million in equity for BMIT operating partnership units, preserving tax deferral on the qualifying contribution.
• Cash allocations totaled $7.6 million for the sponsor and $8.3 million for the developer.
• The transaction also paid off $5 million in preferred equity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bonaventure Realty Group LLC published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.