Bonaventure Multifamily Income Trust: Designed to Perform in All Market Cycles
BMIT® is a perpetual NAV REIT investing in stabilized and value-add multifamily communities in high-growth, supply-constrained markets. The Fund targets durable income and long-term appreciation through value creation, operational efficiency, and Bonaventure’s vertically integrated platform.
BMIT At a Glance
A Track Record of Excellence
8.4 %
3-year annualized return1
98 %
fixed-rate debt at 3.8%2 average interest rate
17
year average property-level loan maturity across the portfolio
$ 143 M
of Bonaventure principal capital invested
All metrics are as of 02/28/26.
Our all-weather approach focuses on properties selected for their ability to perform across market cycles, managed by a team with 26 years of proven multifamily expertise committed to maximizing investor returns.
BMIT delivers compelling, reliable returns through a carefully curated portfolio of multifamily assets with quarterly liquidity3 options available through both our Common and Preferred share structures.
Choose Your Investment Path
Two Ways to Invest in BMIT
BMIT offers flexible investment options designed to meet different investor needs and preferences through our Common and Preferred Share Structures.
BMIT Common For long-term growth with steady monthly income.
- Minimum Investment: $25,000
- NAV (March 2026): $18.31/share
- Monthly Distribution: 5.3% Annualized Yield based on current NAV – ($0.08/share)4
- 1-Year Total Return (as of 02/28/26): 7.2%
- 3-Year Annualized Return (as of 02/28/26): 8.4%
- Liquidity: Quarterly (after 12-month hold)5
- Tax Reporting: 1099-DIV
- Optional DRIP: Available
Why Invest:
- Income + Growth: Earn monthly cash flow with long-term upside
- Tax Efficiency: Potential ROC and internal 1031 deferrals
- Compounding Power: DRIP option enhances long-term value
- Alignment That Matters: Sponsor co-investment ensures shared outcomes
- Total Return Focus: Balanced approach to cash flow and appreciation
BMIT Preferred For fixed income and preservation of capital.
- Minimum Investment: $25,000
- Purchase Price: $10.00/share
- Distribution: Paid monthly, 8% annual (cumulative)6
- Liquidity: Quarterly redemption at a declining discount7
- Security Type: Non-voting preferred stock
- Liquidity: Quarterly redemption at a declining discount
- Conversion Option: Convert to common shares at a 5% discount to NAV after 4 years.8
Why Invest:
- Downside Protection: 10:1 common equity cushion beneath preferred
- Exit Flexibility: Quarterly liquidity3 + NAV conversion option
- Tax-Efficiency: 1099-DIV reporting9; potential QBI deduction
- Alignment: Structured to preserve investor capital before sponsor upside
Why BMIT?
Fundamentals That Drive Superior Performance
BMIT offers consistent returns, uncorrelated performance vs. the market, and a hedge against inflation with the added advantage of significant tax efficiency across both our Common and Preferred share structures.
Tactical Portfolio Management
BMIT’s perpetual structure gives us the flexibility to shift tactics, adapt to changing market conditions, and pursue the best opportunities in any environment while enabling your capital to compound efficiently over time.
Intelligent Debt Strategy
Our long-term fixed financing can create stability regardless of rate environments. While others face refinancing pressures at today’s higher rates, our debt structure gives us the freedom to sell or refinance when conditions favor our investors.
Value-Creation Focus
We’ve curated a portfolio of 23 Mid-Atlantic and Southeast multifamily properties specifically for their long-term potential. Our assets are positioned to outperform through operational improvements, strategic enhancements, and active management, creating additional value beyond market appreciation.
The Portfolio
Quality Assets in Growing Markets
Our curated portfolio focuses on well-located multifamily properties across the Mid-Atlantic and Southeast regions. Each property undergoes rigorous underwriting and operational improvement to maximize income and appreciation potential.
Historical Performance
As of 02/28/26
NAV Per Share
$18.31
Annualized Distribution Rate
5.2%
Average Annualized Return
20.9%
Total Return in Month¹⁰,¹¹
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.49% | 0.82% | 1.31% | ||||||||||
| 2025 | 0.56% | 1.06% | 0.56% | 0.67% | 0.44% | 0.67% | 0.66% | 0.66% | 0.66% | 0.66% | 0.49% | 0.33% | 7.51% |
| 2024 | 0.47% | 0.49% | 0.58% | 0.51% | 0.30% | 0.80% | 0.74% | 0.74% | 0.74% | 0.96% | 0.96% | 0.67% | 8.03% |
| 2023 | 1.25% | 0.90% | 2.01% | 0.86% | 0.53% | 0.63% | 1.80% | 0.58% | 0.17% | 0.47% | 0.51% | 0.47% | 10.40% |
| 2022 | 0.95% | 3.94% | 6.17% | 3.29% | 2.45% | 2.66% | 1.89% | 3.40% | 2.56% | 1.13% | 0.57% | 0.47% | 32.96% |
| 2021 | – | – | – | – | – | – | – | – | 10.93% | 12.94% | 4.28% | 4.78% | 33.38% |
BMIT Share Price for Period¹²
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $18.25 | $18.23 | $18.24 | $18.31 | ||||||||
| 2025 | $17.85 | $17.87 | $17.98 | $18.00 | $18.04 | $18.04 | $18.04 | $18.08 | $18.12 | $18.16 | $18.20 | $18.24 |
| 2024 | $17.41 | $17.41 | $17.42 | $17.44 | $17.45 | $17.42 | $17.48 | $17.53 | $17.58 | $17.63 | $17.72 | $17.81 |
| 2023 | $16.62 | $16.75 | $16.83 | $17.09 | $17.16 | $17.17 | $17.20 | $17.43 | $17.45 | $17.40 | $17.40 | $17.41 |
| 2022 | $13.13 | $13.19 | $13.65 | $14.43 | $14.84 | $15.14 | $15.47 | $15.69 | $16.15 | $16.49 | $16.60 | $16.62 |
| 2021 | – | – | – | – | – | – | – | – | $10.00 | $11.09 | $12.33 | $12.71 |
Access BMIT Due Diligence
Get everything you need to evaluate BMIT, our perpetual-NAV multifamily REIT built for income, appreciation, and tax efficiency—no forms, no hunting.
- Strategy & objectives
- Current holdings & pipeline
- Terms, fees, reports
Let’s Talk
Have Questions About BMIT?
Get everything you need to evaluate BMIT, our perpetual-NAV multifamily REIT built for income, appreciation, and tax efficiency.