CategoriesInsight

橋塔集團收購 Villas at Sunterra,擴大休士敦BTR布局

橋塔集團收購 Villas at sunterra,擴大休士敦BTR布局

2026年 九月

橋塔集團收購 Villas at Sunterra:Katy 114 戶 BTR 獨棟出租住宅社區  

  • 114 戶 BTR 獨棟出租住宅|2–4 房|平均 1,745 平方英尺|平均月租約 US$2,395
  • 位於 Katy 的 Sunterra 大型規劃社區|3 英里人口預估 2025–2030 成長 5.6%
  • Crystal Lagoon、泳池、漂漂河、健身中心、球場、綠地步道|每戶私人庭院與車庫
  • 符合資格者可進行 Cost Segregation 與 100% Bonus Depreciation 稅務規劃

高成長區位 × 優質社區 × 穩健租屋需求

橋塔集團最新收購位於德州 Katy 的 Villas at Sunterra,進一步擴大集團在休士頓都會區及美國高成長 Sunbelt 市場的 Build-to-Rent(BTR)投資布局。

Villas at Sunterra 是一座於 2023 年完工的 114 戶獨棟出租住宅社區,位於休士頓西側的 Sunterra 大型總體規劃社區(Master-Planned Community)內。從人口成長、住宅價值、租屋需求到完善的社區生活機能,Villas at Sunterra 所具備的條件,也反映出橋塔集團在選擇 BTR 投資項目時所關注的核心因素:高成長市場、優質住宅產品,以及長期且穩定的居住需求。

Villas at Sunterra|114 戶獨棟 BTR社區

「Villas at Sunterra 是一座高品質住宅社區,位於休士頓最具成長潛力的發展走廊之一,與橋塔集團的長期投資策略高度契合。我們相信,透過嚴謹的執行能力、優異的營運管理,以及以住戶需求為核心的管理理念,能夠進一步提升項目的營運表現,同時保留其原有的社區特色與居住品質。」

Villas at Sunterra 提供 2 至 4 房多元住宅格局,平均室內空間約 1,745 平方英尺,平均月租約 US$2,395。相較於傳統公寓,Build-to-Rent 社區結合了獨棟住宅的空間與隱私,以及租賃住宅所提供的彈性。

在 Sunterra Harbor,住宅不只是居住空間,更延伸至整體社區生活體驗。社區結合寬敞的獨棟住宅、私人戶外空間與完善的度假村式設施,住戶可享有 Crystal Lagoon 水晶湖、泳池與漂漂河、健身中心、球場、公園及步道等多元休閒設施,同時鄰近購物、餐飲與娛樂機能,打造兼具舒適、便利與休閒氛圍的租賃住宅生活。

為什麼是 Katy?人口成長帶動長期住宅需求

Villas at Sunterra 所處的 Katy 與休士頓西部住宅走廊,近年持續受到人口與住宅需求成長帶動。以 Villas at Sunterra 周邊約 3 英里範圍來看,2025 至 2030 年人口預估成長約 5.6%,顯示當地仍具有持續的人口移入與住宅需求。同一區域住宅價格中位數約為 US$430,965。當購屋成本維持一定水準時,對於希望擁有更多居住空間、私人庭院與車庫,但尚未準備購屋的家庭而言,高品質獨棟出租住宅便提供了另一種選擇。這也是 Build-to-Rent 市場發展的重要基礎之一。BTR 所服務的並不只是傳統租屋族,而是包括希望擁有獨棟住宅生活方式,同時保有租屋彈性的家庭型住戶。

完善住宅配備 × 成熟生活機能

每戶住宅皆配備完善且實用的居家設施,包括不鏽鋼家電、花崗岩檯面、鍍鉻五金、吊扇、數位恆溫器、洗衣機與烘衣機、高挑天花板、大型衣櫥、木質地板及雙車位車庫,並設有私人露台或陽台。社區同時採寵物友善設計,兼顧日常便利、舒適度與家庭生活需求。

除了住宅本身,Villas at Sunterra 周邊也具備完善且成熟的生活機能。從社區出發,約 18 分鐘可抵達 Katy Asian Town,約 20 分鐘可達 Katy Mills 與 LaCenterra,前往 Houston Premium Outlets 則約需 30 分鐘。周邊同時涵蓋購物、餐飲、公園與戶外休閒資源,為住戶提供便利且多元的生活選擇。對長期出租住宅而言,除了人口成長所帶來的住宅需求,完善的生活機能、社區設施與住宅品質,也有助於提升社區的居住吸引力與住戶長期居住意願

專業營運 × 稅務規劃 × 長期市場機會

對 Build-to-Rent 投資而言,完成收購只是資產管理的起點,後續的租賃策略、物業管理、成本控制與住戶留存,才是影響長期營運表現的重要因素。橋塔集團針對 Villas at Sunterra 將持續優化營運效率、強化招租與續租策略,並透過專業資產管理提升住戶體驗與長期現金流表現。同時,符合資格的投資人亦可依個別投資架構與稅務情況,透過 Cost Segregation(成本分離) 搭配 100% Bonus Depreciation(100% 額外折舊) 進行稅務規劃。Villas at Sunterra 的收購也是橋塔集團持續深化德州房地產與 Build-to-Rent 市場布局的一部分;面對人口流入、住宅價格與家庭租屋需求的變化,橋塔集團將持續關注 Katy、休士頓及其他美國高成長住宅市場,尋找兼具人口成長、住宅需求、社區品質與營運潛力的 BTR 投資機會,建立長期且穩健的資產價值。

如果您對 Villas at Sunterra 項目有興趣,或希望進一步了解投資機會與相關資訊,歡迎與橋塔集團聯繫,我們的團隊將為您提供更多項目詳情。

實際稅務適用條件及節稅效果仍須依個人情況與相關稅法規定判定,投資人應諮詢專業稅務顧問。

橋塔集團成立於 2013 年,總部位於美國德州達拉斯,業務涵蓋土地開發、住宅建設、資產管理、租賃營運與基金管理。

橋塔集團榮登 2025 Builder Magazine 全美建商第 121 名、2026 Dallas Business Journal 北德州第 1 大亞裔企業,並獲 BBB A+ 評級及 Platinum Builder 肯定。

如有意了解橋塔集團投資機會,歡迎透過 [email protected] 或下方連結與我們聯繫。

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.

CategoriesInsight

橋塔集團榮獲《Dallas Business Journal》2026 北德州第一大亞裔企業

橋塔集團榮獲2026 北德州第一大亞裔企業

2026年 七月

橋塔集團榮登北德州亞裔企業榜首:十三年深耕美國住宅市場的重要里程碑

此次榮登《Dallas Business Journal》2026 北德州亞裔企業榜首,是橋塔集團發展歷程中的重要里程碑。對我們而言,這份肯定不僅代表過去十三年的努力成果,更是持續向前、邁向下一階段成長的新起點。

隨著美國住宅市場持續演進,人口遷移、區域經濟發展與生活型態轉變,正不斷推動市場對多元住宅產品的需求。面對這些趨勢,橋塔集團將持續深化在美國房地產市場的布局,透過住宅開發、投資與營運管理,提供更多元的居住選項,以回應市場對住房的需求,並為不同家庭與社群創造更高品質的居住選擇。

展望未來,橋塔集團將持續以長期價值為核心,攜手投資人、合作夥伴及國際機構,打造兼具品質、舒適與永續發展潛力的優質社區。我們期待在下一個十三年,為市場提供更多符合現代生活需求的住宅方案,持續提升居住品質,並與更多夥伴共同分享成長所帶來的機遇與價值。

聚焦高成長市場,把握住宅需求長期趨勢

過去十年間,美國人口與經濟活動持續向南部遷移,其中德州已成為全美人口成長最快、企業投資最活躍的地區之一。企業總部遷移、高薪就業機會增加,以及基礎建設持續投入,不僅帶動區域經濟發展,也進一步推升住宅市場的長期需求。基於這些長期趨勢,橋塔集團持續聚焦於德州、北卡羅來納州、佛羅里達州、喬治亞州及田納西州等具人口與就業成長潛力的市場,並透過自建別墅租賃社區(Build-to-Rent)、住宅建設(Build-for-Sale)及土地開發等多元策略進行布局。

在投資決策上,橋塔集團長期關注人口遷移、就業成長、住房供需及區域經濟發展等關鍵指標,並以數據分析與基本面研究作為核心依據。透過聚焦高潛力的市場與住宅資產類別,我們持續建立能夠穿越市場週期的投資組合,並為投資人創造穩健且具持續性的價值。

從單戶住宅投資到機構級平台

橋塔集團隨著市場發展與住宅需求持續增加,我們逐步拓展至自建別墅租賃社區開發(Build-to-Rent)及出售型住宅社區開發(Build-for-Sale)等住宅建設,並建立完整的住宅建造與營運能力。截至目前,橋塔集團已累計超過 20 億美元的房地產投資資本,收購、開發、興建及管理超過 6,000 戶住宅單位,並持續在美國高成長市場擴大布局。

近年來,橋塔集團旗下團隊每年交付超過 400 戶新建住宅,進一步展現平台在住宅開發、施工管理及專案執行方面的能力。憑藉多年市場經驗與專業團隊,我們已由單一投資策略,逐步發展為涵蓋住宅全生命週期的機構級投資平台。

0 億+
自2013年 美元資產管理規模
0 戶+
戶/已收購、建成及在建住宅
0 年
深耕美國住宅市場

與國際資本攜手,把握美國住宅市場機遇

隨著橋塔集團平台規模與專案執行能力持續提升,我們也逐步吸引國際機構投資人的關注,並持續建立長期且具策略性的合作關係。今年,橋塔集團與日本上市企業 Hankyu Hanshin Properties 建立策略合作夥伴關係,共同投資及開發德州住宅社區。此項合作不僅反映國際機構對美國住宅市場長期前景的信心,也彰顯橋塔集團在住宅開發、投資管理及專案執行方面所累積的市場信譽。在美國住宅供給持續不足的背景下,能夠整合土地開發、建築施工、租賃管理及資產管理能力的平台,正逐漸成為機構資本尋求長期穩健投資機會的重要合作對象。

在新的起點,持續創造長期價值

此次榮登《Dallas Business Journal》2026 北德州亞裔企業榜首,是橋塔集團發展歷程中的重要里程碑。對我們而言,這份肯定不僅代表過去十三年的努力成果,更是持續向前、邁向下一階段成長的新起點。

隨著美國住宅市場持續演進,人口遷移、區域經濟發展與生活型態轉變,正不斷推動市場對多元住宅產品的需求。面對這些趨勢,橋塔集團將持續深化在美國房地產市場的布局,透過住宅開發、投資與營運管理,提供更多元的居住選項,以回應市場對住房的需求,並為不同家庭與社群創造更高品質的居住選擇。

展望未來,橋塔集團將持續以長期價值為核心,攜手投資人、合作夥伴及國際機構,打造兼具品質、舒適與永續發展潛力的優質社區。我們期待在下一個十三年,為市場提供更多符合現代生活需求的住宅方案,持續提升居住品質,並與更多夥伴共同分享成長所帶來的機遇與價值。

橋塔集團成立於 2013 年,總部位於美國德州達拉斯,是一家垂直整合型房地產投資與開發公司,業務涵蓋土地開發、住宅建設、資產管理、租賃營運與基金管理。

橋塔集團也榮獲全美建商排名 2025 Builder 100 + Next 100 第 121 名,並持續在美國高人口成長、高就業成長的城市布局住宅開發項目。

若您有意與橋塔合作投資,或認識其他合資格投資人希望了解更多相關機會,歡迎透過電子信箱 [email protected] 或下方連結與我們聯繫,我們將提供更多資訊。

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.

CategoriesInsight

美國房地產新政策,將如何影響未來市場?

21st Century ROAD to Housing Act:美國房地產新政策,將如何影響未來市場?

2026年 七月

美國房地產新政策:21 世紀住房發展法案

  • 法案聚焦限制大型機構收購既有單戶住宅,政策方向在於鼓勵新增住宅供給,而非限制住宅投資。
  • Build-to-Rent(BTR)並未納入限制範圍,顯示政策持續支持以新建住宅回應市場需求。
  • 政策方向有助於提升市場對新增住宅開發的關注,BTR 可望持續扮演增加住宅供給的重要角色。
  • 在美國住房需求與人口成長趨勢支撐下,BTR 長期發展基礎仍然穩健。

法案最新進度

  • 2026 年 6 月 23 日:參、眾兩院完成最終版本,眾議院以 358:32 通過,正式送交白宮等待總統簽署。
  • 目前狀態 (截止7月1 日):法案已完成國會立法程序,目前正等待總統簽署後正式生效,尚未成為法律。

這項法案旨在增加美國住房供給、改善住房可負擔性,其中一項最受市場關注的內容,就是針對大型機構投資人(Large Institutional Investors)購買單戶住宅(Single-Family Homes)的限制。

法案重點:限制大型機構收購既有單戶住宅

法案將持有或控制 350 戶以上單戶住宅的營利機構定義為 Large Institutional Investor,限制其直接或間接收購既有單戶住宅。政策核心在於增加一般民眾購屋機會、改善住房可負擔性,並將市場資源導向新增住宅供給,而非大量收購既有房源。

21st Century ROAD to Housing Act 重點整理

適用對象
大型機構投資人

持有大量單戶住宅資產,符合大型機構投資人定義之法人或投資實體。

法案主要針對大型機構投資人,不影響一般個人住宅投資。

法案內容
受規範的交易

涵蓋收購、併購及大量購買既有單戶住宅等交易。

法案重點在於限制既有住宅的集中收購,並非限制住宅開發或新增供給。

範圍
適用住宅類型

適用於兩戶以下住宅單位之既有單戶住宅。

製造型住宅(Manufactured Housing)不屬於本法案適用範圍。

不受限制項目

包括 Build-to-Rent(BTR)、Renovate-to-Rent、55+ 社區及其他法定例外情形。

符合法規條件之例外交易仍可依法進行,不受本法案限制。

ROAD to Housing Act 如何定義「單戶住宅(Single-Family Home)」?

Cottage

每棟住宅戶數

1–6 戶

是否符合 Single-Family Home 定義?

視開發模式而定

Townhome

每棟住宅戶數

3-12 戶

是否符合 Single-Family Home 定義?

不受限制

Duplex

每棟住宅戶數

2 戶

是否符合 Single-Family Home 定義?

是

Single Family

每棟住宅戶數

1 戶

是否符合 Single-Family Home 定義?

是

Build-to-Rent(BTR) vs. Single-Family Rental (SFR)

Build-To-Rent (BTR)

屬於法定例外項目(Excepted Purchase)

連續型社區(Contiguous Communities)

採集中式管理,類似公寓社區

Single-Family Rental (SFR)

 法案主要規範對象

住宅分散於不同地區

多為歷年陸續收購的既有住宅

值得注意的是,法案同時列出 Excepted Purchases(例外交易),其中最重要的一項便是:Build-to-Rent(BTR,建造出租住宅)。由於 BTR 能增加住宅供給,因此被排除在限制之外,也反映政策對於新增住房供給的支持方向。也就是說,法案限制的是大型機構購買既有單戶住宅(Existing Homes),而非投資興建新的住宅社區。

橋塔的觀點

若未來相關立法方向持續推進,市場資金可能逐步出現重新配置。

01

資金可能從收購 Existing Homes 轉向開發 BTR

過去大型機構可直接購買大量單戶住宅作為出租資產。未來若收購受限,更多機構可能轉向:

  • 自行開發
  • 與開發商合作
  • 投資 Build-to-Rent 社區

資金來源並未消失,而是流向不同的產品。

02

BTR 供給的重要性進一步提升美國住房仍存在長期供給不足問題

Build-to-Rent 能:

  • 增加住宅供給
  • 提供家庭型租賃產品
  • 不直接與首購族競爭既有房源
    因此,更符合目前政策鼓勵增加住房供應的方向。

03

開發品質將成為競爭關鍵

當更多資金投入 Build-to-Rent 後,市場焦點將不只是「有沒有房子」,而是:

  • 社區規劃
  • 建築品質
  • 管理能力
  • 租戶體驗

未來能否打造高品質、可長期持有的住宅社區,將成為開發商的重要競爭力。

橋塔長期專注於 Build-to-Rent(BTR)住宅開發,從土地取得、社區規劃、住宅建設,到租賃營運皆採垂直整合模式。我們認為,無論 ROAD to Housing Act 最終是否正式立法,其所反映出的政策方向已相當明確:鼓勵新增住宅供給,而非大量收購既有住宅。隨著美國住房需求持續存在,以及機構資金對住宅資產的配置需求不減,Build-to-Rent 有望持續扮演連結住房供給與長期投資的重要角色。

Bridge Tower 橋塔集團成立於 2013 年,總部位於美國德州達拉斯,是一家垂直整合型房地產投資與開發公司,業務涵蓋土地開發、住宅建設、資產管理、租賃營運與基金管理。

橋塔集團也榮獲2025全美建商排名 Builder 100 + Next 100 第 121 名,並持續在美國高人口成長、高就業成長的城市布局住宅開發項目。

若您有意與橋塔合作投資,或認識其他合資格投資人希望了解更多相關機會,歡迎透過電子信箱 [email protected] 或下方連結與我們聯繫,我們將提供更多資訊。

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.

CategoriesInsight

從 Teasley Crossing 看見市場新趨勢

從 Teasley Crossing 看見市場新趨勢

2026年 六月

橋塔集團推出新項目 Teasley Crossing: Denton 南部 100 戶 BTR 社區

  • 預計於 2026 年秋季迎來首批住戶入住。
  • 社區鄰近 I-35E、Lewisville Lake 與 北德克薩斯大學(University of North Texas),規劃三房及四房的雙拼住宅,結合便利的地理位置、生活機能與現代家庭所需的生活空間。
  • 橋塔集團看好 Denton 南部與 Corinth 地區的長期住宅需求,並透過 Teasley Crossing 回應市場對高品質租賃住宅的需求。

Teasley Crossing:橋塔集團最新的BTR社區項目

橋塔集團宣布推出全新自建別墅租賃(BTR)項目—Teasley Crossing,項目位於德州 Denton 南部 3501 Curve Avenue,目前已正式啟動開發工程,預計首批住宅最快將於 2026 年 9 月開放入住。本案規劃共 100 戶住宅,以三房及四房雙拼住宅(Duplex Homes)為主,平均面積約 1,675 平方英尺,專為希望擁有更多生活空間、隱私與社區感的家庭打造。每戶住宅均採開放式格局設計,配備現代化室內裝修、高品質家電、智慧家庭系統、雙車位車庫以及私人圍籬後院。對許多家庭而言,這不只是租屋,而是一種更接近自住房屋的生活體驗。除了住宅本身之外,社區也將設置步道、兒童遊樂空間及公共綠地,希望打造真正具備鄰里互動與社區感的生活環境。

為什麼橋塔集團選擇 Denton 南部?

「Teasley Crossing 不只是橋塔集團最新的 Build-to-Rent 社區,更代表我們對北德州長期住宅需求與市場趨勢的觀察。我們相信,當人口持續成長、居住需求不斷升級,能夠提供更高品質生活體驗的住宅社區,將在未來扮演更重要的角色。」

作為達拉斯-沃思堡都會區 (Dallas-Fort Worth Metroplex) 周圍的重要城市,Denton 長期受惠於人口成長、產業發展與交通建設帶來的需求。然而,橋塔集團在研究市場時發現,近年來多數新住宅開發集中於 Denton 市中心及北部區域,相較之下,Denton 南部與 Corinth 地區的新住宅供給相對有限。

橋塔集團管理合夥人 George Huang 與Jackson Su 表示:「近年來,Denton 的住宅開發大多集中於市中心及北部區域,Denton 南部與 Corinth 地區相對缺乏新住宅供給。透過 Teasley Crossing 與 Saddlebrook 社區項目,我們希望同時提供租賃與自住兩種選擇,滿足不同家庭的居住需求。」

他們進一步指出:「Teasley Crossing 的規劃重點,在於提供更大的生活空間、更高的隱私性,以及真正具備社區氛圍的居住環境,同時保有租賃所帶來的彈性。」

從市場角度來看,當人口持續成長而住宅供給相對不足時,往往代表區域仍具有長期發展潛力。這也是橋塔集團持續看好 Denton 南部的重要原因之一。

成熟生活圈與便利的地理位置

Teasley Crossing 位於 Denton 南部,鄰近 Interstate 35E、Lewisville Lake 以及北德克薩斯大學(University of North Texas)。從Teasley Crossing社區出發,約 10 分鐘即可抵達 Lewisville Lake,25 分鐘可到 達拉斯/沃斯堡(DFW)國際機場,約 45 分鐘可抵達拉斯市中心,兼具郊區住宅的隱私性與都會生活便利性。對於在 Denton、Lewisville、Flower Mound 或 Dallas-Fort Worth 各地就業工作的居民而言,這樣的位置能夠在通勤便利與生活品質之間取得平衡。

自建別墅租賃(Build-to-Rent)正在改變住宅市場

Teasley Crossing 所屬的自建別墅租賃(BTR)模式,近年來已成為美國房地產市場成長最快速的產品類型之一。過去提到租屋,多數人聯想到的是公寓。然而越來越多家庭希望擁有更大的生活空間、更高的隱私性,以及更完整的社區環境。BTR 社區結合租賃的彈性與住宅的優勢,讓住戶在不需要購屋的情況下,也能享有接近單戶住宅的生活品質。這也是 Teasley Crossing 產品定位的核心理念。

摘要

專案進度

  • 規劃共 100 戶BTR住宅
  • 以三房及四房雙拼住宅為主
  • 2026 年上半年正式動工
  • 預計首批住宅最快於 2026 年 9 月開放入住

 

專案亮點

  • 開放式住宅設計
  • 智慧家庭系統
  • 高品質家電配置
  • 雙車位車庫
  • 私人圍籬後院
  • 步道系統與公共綠地
  • 兒童遊樂空間

Bridge Tower Group 成立於 2013 年,總部位於美國德州達拉斯,是一家垂直整合型房地產投資與開發公司,業務涵蓋土地開發、住宅建設、資產管理、租賃營運與基金管理。

橋塔集團也榮獲全美建商排名 Builder 100 + Next 100 第 121 名,並持續在美國高人口成長、高就業成長的城市布局住宅開發項目。

若您有意與橋塔合作投資,或認識其他合資格投資人希望了解更多相關機會,歡迎透過電子信箱 [email protected] 或下方連結與我們聯繫,我們將提供更多資訊。

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.

CategoriesInsight

美國住房市場與宏觀經濟動態

Park Hollow 專案進度更新

2025年 第二季度

Park Hollow 專案進度更新​
2090 Willingham Dr, Richardson, TX

住宅單元數量 88:  戶聯排別墅
土地開發工程開始日期:  2025 年 4 月
預計地塊交付時間 2026:  年第 3 季度
預估項目內部報酬率 (IRR):  22-27%

Park Hollow 的開發進度目前如期推進,並符合預算規劃。隨著場地清理與整地工作的完成,濕式基礎設施(包括供水、污水及雨水系統)的安裝工程也已順利展開。我們預計在勞工節過後立即開始進行鋪路工程,這將是為後續的房屋建造做好場地準備的重要里程碑。

Park Hollow 住宅社區(共 88 戶)的建築設計圖目前已進入最後審查階段。這是從土地開發邁向房屋建造的重要一步,確保建築、結構與機電系統設計都能與場地條件相符。完成審查後,房屋建造團隊即可在基礎設施到位並取得許可後,展開招標、材料採購與施工。

另外,Richardson 市近期已批准重建市政園區,計畫包括全新的市政廳與圖書館,距離 Park Hollow 僅數分鐘路程。這項公共建設投資將進一步提升該地區的吸引力。施工合約已授予 McCownGordon,並已展開初步工程。這項重要的公共基礎建設預期將帶動長期價值,並推升周邊地區的住宅需求。

Park Hollow 將為 Richardson 新興的市中心走廊提供急需的住宅選擇。憑藉優質的建築品質、便利的步行生活機能,以及鄰近市政與文化建設的地理優勢,Park Hollow 有望為城市打造充滿活力且緊密連結的社區願景作出重要貢獻。

我們期待在土地開發工作接近完成時,與您分享更多最新進展。

敬祝安好,
橋塔集團

摘要

營運進展
Park Hollow 專案正按計劃進行,進度與預算均按計劃穩健推進

投資前景
Richardson 市近期投入了重大公共建設,並持續提升市中心的吸引力

投資人平台
專案進度照片及財務報表均已上傳至投資人平台

聯絡我們
Bridge Tower
5430 LBJ Freeway, Suite 1050
Dallas, TX 75240
(469) 936-1690
[email protected]

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.

CategoriesInsight

社區休閒中心隆重開幕

社區休閒中心隆重開幕

橋塔於德州 Temple 的項目新進展

58 英畝|256 戶住宅|2期開發

橋塔集團很高興宣布,我們位於德州 Temple、擁有 256 戶獨棟租賃別墅的 Fresh Meadows 社區,即將迎來社區休閒中心的盛大開幕,這也是社區開發過程中的一項重要里程碑。該休閒中心將於 7 月 31 日 正式啟用,設施包含:3,600 平方英呎的會所、度假風格泳池、健身中心、室內外瑜珈空間、燒烤區、設有遮棚露台的社區活動室、租賃辦公室等,展現了我們從住戶角度出發的貼心設計理念。

  • 3,600 平方英呎的會所
  • 度假風格泳池 
  • 健身中心 
  • 室內外瑜珈空間
  • 燒烤區 
  • 設有遮棚露台的社區活動室 
  • 租賃辦公室

Fresh Meadows 社區地處奧斯汀都會區這個快速成長的區域,佔地 58 英畝,整體規劃融合單層與雙層獨棟別墅,搭配一座設計周到的社區休閒中心,打造豐富完整的生活空間。我們的團隊從規劃階段就以住戶需求為出發點,打造出一個適合多元住戶群體的社區,無論是年輕家庭還是樂齡族群,都能在這裡實現兼顧健康、休閒、社交與自在的理想生活。

本開發案分兩期進行:第一期(70 戶)已於 2024 年 9 月如期完工,第二期(186 戶)也穩步推進,預計將於 2025 年底完工。從項目規劃到土地開發與房屋建造的每一環節,橋塔在 Fresh Meadows 的開發過程中展現了我們透過策略性規劃與嚴謹執行、實現規模化擴展的能力。

德州一直是橋塔在自建租賃別墅(Build-to-Rent, BTR)與獨棟租賃別墅(Single-Family Rental, SFR)策略中的核心據點,而 Fresh Meadows 正是我們在發展快速的市場中成功打造高品質、社區型租賃住宅的代表性案例。目前,我們在達拉斯、休士頓、奧斯汀與聖安東尼奧等德州主要城市皆有開發項目或物業管理業務,並已建立起穩健的全州佈局。憑藉每年交付超過 500 戶住宅的實力,我們具備持續擴展平台的動能。我們期待在拓展高品質獨棟租賃社區的過程中,與您一同見證更多重要的成長里程碑。

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.

CategoriesInsight

市場失靈時,實體資產為何依舊發揮價值

美國住房市場與宏觀經濟動態

2025年 七月

本期内容:

  • 投資人常見問答:為何實體資產是未來投資的新主流?
  • 我們為何選擇租賃獨棟別墅(SFR):一段始於2008年金融危機後的故事
  • 市場動態速覽:自有住宅缺口持續推升獨棟租賃別墅(SFR)需求

投資人常見問答專欄|橋塔集團 管理合夥人 黃俊逸 博士

問:為何實體資產是未來投資的新主流?

答:實體資產能夠帶來穩定、有韌性,並能抵禦經濟風險的收益。

實體資產——例如租賃住宅、基礎建設與醫療與照護型不動產——不僅僅是有形的投資,更是強大的財務工具。它們能產生穩定的現金流,對抗通膨,並降低對股市波動的曝險風險。從歷史表現來看,實體資產相較於風險相近的投資類別,通常也能帶來更強勁的報酬。

當前人口結構的變遷與經濟趨勢,正推動市場對有形資產的需求達到前所未有的高度——尤其是在一些高成長、高需求的類別中,例如位於可負擔的陽光地帶郊區的 Build-to-Rent(BTR,自建租賃別墅)產品。對於重視穩定現金流、並尋求長期價值的投資人而言,這正是最具吸引力的房地產投資機會之一。

這個全新欄目旨在回應您對住房市場的各類提問,並將每兩週更新一次,分享我們的最新觀察與見解。 歡迎隨時來信至 [email protected] 提出您的問題——我們可能會在未來的期刊中匿名刊登並回覆您的提問。

實體資產,實質回報——現在就加入。

與專業經驗同行,一同把握投資機會

BT Select Fund VI 是一項全新投資基金,專注於透過量身打造、專業管理的租賃型住宅社區,為投資人提供穩健的風險調整後報酬。

若您偏好直接參與住宅開發投資,我們位於德州理查森(Richardson, TX)的 BTR 專案 Park Hollow,現正限量開放名額。

橋塔的故事:我們為何選擇獨棟租賃別墅(SFR)

我們在 2008 年金融危機後啟動了獨棟租賃別墅(SFR)的投資策略,當時我們觀察到多項關鍵因素同時出現,形成了難得的投資契機:

  • 房屋價格低於重建成本
  • 從擁屋轉向租屋的居住趨勢
  • 獨棟租賃別墅持續帶來穩定的報酬
這些早期的決策最終帶來了回報。我們的首批投資人無懼當時的不確定性,堅定投入,並獲得了雙位數的現金收益率與強勁的總報酬。

在這一路的發展中,我們也深刻體會到:實體資產真正經得起時間的考驗。憑藉強勁的市場需求、穩定的現金流、資產增值潛力,以及可擴大至機構規模的特性,我們始終堅定承諾,與這個產業一同成長,從未動搖。

市場需求持續演進:對 SFR 投資人的啟示

隨著利率維持高檔、可購買住宅選項有限,越來越多美國人選擇轉向獨棟租賃別墅(SFR)。我們預期這波需求在短期內仍將持續,且隨著各項推動力不斷累積,長期需求也將穩步上升。目前驅動這波租賃需求的兩大關鍵因素包括:

  • 擁屋成本已遠遠超過租屋成本
  • 即使房貸利率回落,若沒有明顯的租金上漲,也難以縮小擁屋與租屋成本之間的差距
隨著租屋不但變得更容易取得,更成為一種經濟上更合理的選擇,由專業機構管理的獨棟租賃別墅(SFR)正逐步吸引越來越多追求可負擔性、彈性與高品質居住選擇的美國家庭。橋塔處於有利位置,有能力掌握這波不斷擴大的市場需求。橋塔完整的一體化平台,以及對獨棟租賃別墅投資的專注,是我們在當前市場中表現更勝一籌的關鍵所在。

投資人小知識

你知道嗎?

SFR(獨棟租賃別墅) 通常是指已建成的獨立住宅,個別出租給租戶;而 BTR(自建獨棟別墅) 則是從一開始就為租賃而設計、規劃與建造的整體社區,由專業團隊統一管理,具備更高的規模化潛力、一致性的住宅品質,以及機構等級的營運效率。

橋塔團隊在美國住宅不動產市場深耕逾十年,對 SFR 與 BTR 領域皆具備豐富實戰經驗!

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.

CategoriesInsight

美國住房市場與宏觀經濟動態

美國住房市場與宏觀經濟動態

2025年 六月

橋塔自成立以來,一直秉持冷靜、專注、高效的經營態度,無論整體市場環境如何變化,都不曾動搖。我們認為市場波動常帶來新的機會,而我們始終以長遠的眼光和穩健的行動來把握這些機會。

宏觀經濟的多重動向

2025年初,全球宏觀經濟出現明顯變化。歐洲央行(ECB)在經濟疲弱加劇的情況下將利率下調至2.25%,而美國聯準會(Fed)則儘管面對經濟放緩的跡象,仍選擇按兵不動。鮑威爾主席對降息的保守態度,被市場視為反應較慢,也因此提高了年內可能更頻繁降息的可能性。我們原先預期2025年會有四次降息,這一看法曾被視為激進,如今卻與市場主流預測趨於一致。另一方面,由於對沖基金與銀行的整體去槓桿操作,長端美債殖利率出現上升,市場也開始猜測聯準會可能會以「穩定殖利率曲線」為名,重新啟動量化寬鬆(QE)政策,這也可能進一步壓低美元走勢。

儘管「去美元化」的聲音不斷出現,我們認為市場對此的擔憂有些過度。目前,並沒有可信的替代貨幣能取代美元作為全球儲備貨幣。例如,若人民幣要被大規模採用,中國勢必得開放資本帳戶,這在現階段不僅不太可能,也存在極高風險。在這樣的背景下,若貿易緊張局勢未獲得改善,我們認為美國在未來12個月內出現經濟衰退的機率超過60%。若衰退出現在下半年,我們預期失業率將小幅上升(約2至3個百分點),接著聯準會將可能轉向寬鬆政策。從歷史經驗來看,這類情況下——利率下調、美元走弱與美債殖利率走低——往往為住宅房地產投資人創造出極具吸引力的長期進場機會。

當前,央行政策走向分歧,加上地緣政治緊張升溫,市場預期正以超出決策者反應速度的節奏快速改變。在這樣的環境下,對於有紀律的資本配置者而言,儘管面臨逆風,也同時浮現出精選機會。橋塔自成立以來,一直秉持冷靜、專注、高效的經營態度,無論整體市場環境如何變化,都不曾動搖。我們認為市場波動常帶來新的機會,而我們始終以長遠的眼光和穩健的行動來把握這些機會。

住房與資本市場

目前超過八成的美國房貸利率鎖定在6%以下,即便房價略有走弱,轉售市場的供給仍然受限。這種所謂的「鎖定效應」使得自有屋主不願出售房產,進一步推升了對自建租賃(Build-to-Rent “BTR”)與獨棟租賃(Single-Family Rental “SFR”)產品的需求。另一方面,美元兌其他主要貨幣的匯率約每年10%的降幅,將吸引來自亞洲的外國投資者重新關注美國市場。投資人將積極利用更有利的匯率條件,尋找位於 Sunbelt 地區、現金流穩定的成熟資產。

即使在景氣下行時,BTR 市場依然展現韌性,受惠於穩定的郊區租戶群與較低的租戶流動率。過往表現也為其抗跌特性提供佐證,例如2008年金融危機期間,SFR 租金仍維持穩定,顯示其在住宅房地產中具備良好的防禦性角色。

關稅上升對美國經濟與住房市場的影響

美國的有效關稅稅率近期因政策快速轉變而上升至10%至15%,遠高於先前的2%,但仍低於當初「自由日」所預期的25%。關稅政策已成為當前市場不確定性的主要來源之一。若企業將成本完全轉嫁給消費者,可能導致消費者物價指數(CPI)上升1%至2%,短期內侵蝕實質薪資、抑制需求。在這樣的背景下,若貿易戰持續未解,預計企業將放緩投資計畫,消費者支出也可能在2025年剩餘時間內明顯收縮。

展望未來,對住宅市場的影響將體現在兩個面向:首先,按揭利率有望在2026年初降至5%以下,將有助於釋放被壓抑的購屋需求,特別是在供給不足的市場區段;其次,景氣放緩帶來的降息循環,通常會提升機構投資者對住宅資產的配置興趣,視其為具防禦性的資產類別。綜合來看,在供需失衡尚未緩解的情況下,這些趨勢將進一步支持我們持續聚焦於自建租賃(BTR)策略的方向。

建築成本上升: 關稅預計將使每戶住宅的建造成本增加約1萬美元,進一步壓縮建商在原已面臨購屋可負擔性挑戰下的利潤空間——雖具挑戰,但仍在可控範圍之內。

成本控制改善: 隨著新建工程開工速度放緩,我們在與分包商與供應商的議價能力提升,有助於部分抵消近期的成本壓力。

務實定位: 儘管我們對保護主義持審慎看法,但我們仍專注於研判可能的發展情境與財務影響,並以有紀律的成本管理作為因應原則。

摘要

“我們相信,具備遠見、資源與信念的投資人,將最有機會把握這個領域中的長期成長與實質回報。我們也期待在自建租賃BTR市場持續擴大橋塔的版圖,與各位一同前行。”

– 黃俊逸博士
管理合夥人

投資人展望

我們的前瞻性佈局旨在掌握長期住房需求所帶來的機會

市場動態

即使資本市場環境收緊,成長走廊中的獨棟租賃住宅需求仍然強勁

________

我們很高興與您分享一項全新的投資機會——透過 BT Select Fund VI 與我們並肩投資,把握機構投資者對自建租賃住宅不斷攀升的需求。

優先股份:預期年報酬 10%,無利潤分成,適合追求穩定現金流的投資人。

普通股份:提供每年 7% 的股息,並享有利潤分配 (70/30) ,適合同時尋求收益與增值潛力的投資人。

指標(12 個月展望)

橋塔預測 – 基本情景

原因說明

30 年期固定房貸利率

年中高點接近 7%,第 4 季逐步下滑至約 6%

聯準會寬鬆政策 + 可能重啟量化寬鬆(QE)

全國房價指數

預估變動 0 – 3%

房市供給緊縮,有助抵消買氣疲弱的影響

獨棟租賃SFR/自建租賃BTR
租金成長率

成長約 2 – 4%

雖家庭組成放緩,但在高購屋成本環境下,租賃需求仍穩定

獨棟租賃SFR/自建租賃BTR
產業健康度

預期表現優於其他類別

該產業基本面預期將於 2026/2027 年進一步增強

穿越波動,穩健前行

隨著人口與家庭數持續成長,機構投資者日益將自建租賃(BTR)視為一種更適合家庭、且可規模化的住宅投資選擇,相較於傳統多戶型住宅(Multifamily)更具吸引力。與功能有限、過度強調公共設施的公寓不同,BTR 社區提供現代租戶所追求的空間感、隱私與居住品質。這樣的市場趨勢也讓我們更加堅信,橋塔精心打造的 BTR 資產,具備穩健而持久的價值。

因著我們對美國房地產市場的正向展望,以及對自建租賃(BTR)長期潛力的信心,我們很高興推出一項全新的投資機會 – BT Select Fund VI 橋塔美國基金第六期。此基金旨在因應市場對 BTR 住宅日益增長的機構投資者需求,採多元化投資策略,將資金部署於德州及其他高成長地區的多個 BTR 項目,讓投資人能同時參與更廣泛的資產組合,並分散單一項目的風險、把握產業長期成長的潛力。

為因應不同投資目標,我們提供兩種股份類型:

  • 優先股份:預期年報酬 10%,無利潤分成,適合追求穩定現金流的投資人;
  • 普通股份:提供每年 7% 的股息,並享有利潤分配 (70/30) ,適合同時尋求收益與增值潛力的投資人。

我們相信,具備遠見、資源與信念的投資人,將最有機會把握這個領域中的長期成長與實質回報。我們也期待在自建租賃BTR市場持續擴大橋塔的版圖,與各位一同前行。

聯絡我們

若您有意與橋塔合作投資,或認識其他合資格投資人希望了解更多相關機會,歡迎透過 [email protected] 與我們聯繫,我們將提供更多資訊。

IMPORTANT LEGAL NOTICE

This communication and the information contained herein are confidential and proprietary to Bridge Tower Partners, GP, LP (together with its affiliates, “Bridge Tower”, “we”, “our” or “us”) and are being provided to the recipient by Bridge Tower upon the request of the recipient in confidence on the understanding that the recipient will observe and comply with the terms and conditions set forth in this paragraph and the following paragraphs. By accepting this communication, the recipient agrees that the information contained herein is for the exclusive use of the recipient and, without the prior written consent of Bridge Tower, the recipient shall not (i) copy, distribute, make available or otherwise disclose any information in this communication to other parties, or (ii) use such information for any purpose other than the specific purpose of evaluating a potential investment opportunity with Bridge Tower or learning more about Bridge Tower. This communication must be returned to Bridge Tower upon Bridge Tower’s request. Notwithstanding the foregoing, the recipient of this communication may disclose to any and all persons, without limitation of any kind, the tax structure and tax treatment of any investment opportunity with Bridge Tower and all related materials of any kind that are provided to the recipient.

This document and the information contained in this document do not constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any shares or other securities in any Bridge Tower-sponsored fund or investment vehicle. In deciding whether to invest, prospective investors will be provided with a Confidential Private Placement Memorandum or other offering materials, which include information about risks associated with an investment and the material terms of the relevant fund or investment vehicle’s constituent documents. The recipient acknowledges that this communication does not contain certain material information about Bridge Tower’s investment processes or any specific investment opportunity, including important disclosures and risk factors, which are contained in the definitive investment documentation. The information contained in this communication is subject to all such definitive investment documentation.

The value of investments may fall as well as rise. Any investment with Bridge Tower is suitable only for sophisticated investors and requires the financial ability and willingness to accept for an indefinite period of time the risks and lack of liquidity inherent in the strategy and instruments of such investments.
Certain information (including any statements of opinion and/or belief) contained herein is based on or was obtained or derived from data published or prepared by other parties. While the unaffiliated third-party sources are believed to be reliable, neither Bridge Tower nor any of its directors, officers, employees, partners, shareholders or agents has independently verified such information nor assumes any responsibility for the accuracy of any such information and no such party shall have any liability to any recipient of this communication or any other person relating to or resulting from the use of or reliance on any such information contained herein or any errors therein or omissions therefrom.

No representation, warranty, assurance or undertaking (express or implied) is given (and can therefore not be relied upon as such), and no responsibility or liability is or will be accepted by us or any of our affiliates or our respective officers, employees or agents as to the adequacy, accuracy, completeness or reasonableness of the information, statements and opinions expressed in this document. Any opinions expressed in this document do not constitute legal, tax or investment advice and can therefore not be relied upon as such. The information contained in this document (which does not purport to be comprehensive) is believed to be accurate only on the date hereof and does not imply that the information herein is correct at any time after the date hereof and such information is subject to change at any time without notice. The views expressed herein are subject to change based on market and other conditions and we give no undertaking to update the information, to reflect actual events, circumstances or changes in expectations or to provide additional information after its distribution, even if the information becomes materially inaccurate.

To the extent that this communication includes information about prior investments or activities of Bridge Tower (or its affiliates) or projections of anticipated future performance and other forward-looking statements, such projections and forward-looking statements included herein, or otherwise made orally or in writing from time to time, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict as well as factors that are beyond Bridge Tower’s control. Past performance is no guarantee of future performance and should not be relied on in deciding whether to invest. Any gross returns presented herein do not reflect the deduction of any management fees, fund expenses, carried interest, or other expenses that may be borne by third-party investors. An individual investor’s actual performance may vary materially based on any number of factors, including the timing of capital contributions and distributions as well as the deduction of all applicable fees and expenses.

The recipient acknowledges and agrees that no person has, nor is held out as having, any authority to give any statement, warranty, representation, assurance or undertaking on our behalf in connection with any potential investment. This communication is intended to be used in one-on-one communications by Bridge Tower, and to be provided by Bridge Tower to single recipients who have the opportunity to discuss its contents with Bridge Tower.