FCA Management (Vest Residential) Merges with Bonaventure's Property Management Division

Bayview Asset Management Acquires HomeVestors of America from Levine Leichtman Capital Partners

January 11, 2022

Real Estate

Funds managed by Bayview Asset Management acquired HomeVestors of America, the Dallas-based franchisor behind the "We Buy Ugly Houses" brand, from Levine Leichtman Capital Partners. The deal transfers ownership of the leading residential real estate investment franchisor to Bayview, which focuses on residential, consumer and mortgage-related investments.

Bonaventure Acquires Messenger Place and Magnolia Run Multifamily Properties in Virginia

December 20, 2021

Real Estate

Bonaventure acquired two luxury multifamily properties in Virginia—Messenger Place in Manassas and Magnolia Run in Virginia Beach—in separate off-market transactions financed via an $85 million Fannie Mae credit facility arranged by KeyBank. Messenger Place was purchased from owner/developer The Rector Companies for $25.5 million; Magnolia Run (200 units) was acquired for $52.1 million as part of Bonaventure's ongoing portfolio expansion in the Mid-Atlantic.

Vacatia Acquires The Berkley Group and Daily Management

January 2, 2025

Real Estate

Vacatia, a technology-driven hospitality company, acquired The Berkley Group, Inc. and Daily Management, Inc., combining Vacatia’s product and rental capabilities with Berkley and Daily Management’s resort development, sales and property-management expertise. The transaction was financed in partnership with affiliates of Fairfax Financial (via Hamblin Watsa Investment Counsel Ltd.), and brings together more than 2,500 associates servicing over 460,000 owners and managing over 11,000 units across 13 states.

Bonaventure Acquires Vida East Apartments from SNP Properties via UPREIT

March 22, 2022

Real Estate

Bonaventure announced it acquired an ownership interest in Richmond, Virginia's Vida East Apartments through a strategic UPREIT transaction with SNP Properties LLC, in which SNP exchanged ownership for interests in Bonaventure's portfolio. The core-plus, Class A multifamily community was completed in 2018, comprises 178 units, and expands Bonaventure's multifamily footprint in the Mid-Atlantic.

VisionPoint Advisory Group and Navitas Wealth Advisors Merge to Form Balefire

January 1, 2025

Financial Services

VisionPoint Advisory Group and Navitas Wealth Advisors have merged to form Balefire, an SEC-registered wealth management firm overseeing approximately $3.7 billion in combined AUM. The new Dallas-based entity unites over 60 professionals to offer integrated wealth management, strategic tax planning, and corporate solutions, positioning the platform for accelerated organic and M&A-driven growth.

Hub International Acquires Vestas Financial Services Firm Inc.

May 13, 2020

Financial Services

Hub International Limited acquired Vestas Financial Services Firm Inc., an independent Montreal-based commercial and personal insurance brokerage focused on construction and design professionals. Terms were not disclosed; Vestas' leadership (President Phillipe Monette and Senior VPs Martin Brodeur and Patrice Gravel) will join Hub International Quebec Limited to strengthen Hub's specialty practices and local presence.