Bridgewater and Preston Creek

Bridgewater & Preston Creek

In 2016, VCBank and its investors acquired a 90 per cent stake in Bridgewater and Preston Creek in Atlanta, Georgia, USA. This marked VCBank’s first investment in the US multifamily sector, in cooperation with its US joint-venture partner offering extensive experience in the management and operation of multifamily residential assets. The Bridgewater property sits on 260,000 square metres of gated land, and consists of 532 residential units spread over 36 buildings; while the Preston Creek property covers 206,000 square metres of gated land, comprising 334 residential units in 19 buildings. Both properties have excellent locations in Atlanta, and feature a wide range of recreational facilities within a garden-style community. Since acquisition, the properties have provided investors with quarterly dividends equating to an annual cash-on-cash return of 8.5 per cent. This exit generated a return on investment of 49 per cent, and provided investors with an internal rate of return of 13 per cent for over the four-year holding period. 


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Asset Class:
Real Estate - Income-yielding
Real Estate
Project Status:
Exited in 2019

Latest News from Bridgewater & Preston Creek

VCBank concludes successful exit from its US multifamily residential assets Bridgewater and Preston Creek and delivers 49% ROI for investors

6th October 2019

Venture Capital Bank (VCBank), an Islamic wholesale bank licensed by the Central Bank of Bahrain, announced today its successful exit from a real estate portfolio in the US multifamily residential sector. With a gross sale value of USD 104 million, this exi ...

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VCBank & Seera Investment Bank Announce the Acquisition of a Real Estate Portfolio in the US & Announce its First Distribution

16th March 2016

Venture Capital Bank BSC (c) and Seera Investment Bank BSC (c) ("The Consortium") announced the successful acquisition and completion of the subscription of a real estate portfolio consisting of two multifamily residential assets in Atlanta, Georgia, USA, c ...

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