Recently, two senior executives at Buvermo Investments created a new company, BVO Capital, with a focus on developing, investing in, and managing properties in the Southeast, Sunbelt, and Washington, D.C. metro area. Backed by London-based Rinkelberg Capital, BVO Capital is delving into active adult, multifamily, and build-for-rent properties. Currently managing five active adult communities in the Carolinas, with six more projects in the pipeline, BVO Capital is set to open its first property in Myrtle Beach soon.
Located in Bethesda, Maryland and Charlotte, North Carolina, BVO Capital is led by managing partners Jim Lindsey and Kevin Woodley, who identified an opportunity in the active adult housing market while working on senior housing projects at Buvermo. With a strategy focused on the middle-market Arden active adult brand, BVO Capital aims to provide a stress-free lifestyle through universal design concepts. The company plans to continue iterating on successful designs, offering affordable rents while catering to the needs and desires of seniors.
Looking ahead, BVO Capital anticipates developing three to five new projects annually, with a conservative estimate of two construction starts in 2024. While construction costs remain a challenge, the company sees favorable trends in pricing and is confident in its strategy with the support of Rinkelberg Capital. By emphasizing socialization and community connections, BVO Capital seeks to create vibrant living environments for its residents.
