Current BVT Residential USA public AIF secures first apartment project development in Florida

Munich, Germany (https://www.bvt.de – November 13, 2024) – BVT Group (BVT) announced that it has acquired a development site in Davenport, Florida, for its residential fund “BVT Residential USA 19”.
Through its capital management company derigo GmbH & Co. KG, the BVT Group has acquired the "Aventon Holly Hill" project development in Davenport, Florida, for BVT Residential USA 19. The project comprises 288 Class A apartments and has a planned total investment volume of USD 67.5 million, of which the fund's equity share amounts to around USD 24.3 million. Construction started after the contract was signed in October 2024.