Barvin was founded in 2009 on a vision—to build communities. This drive to have an impact bigger than the communities we touch is still at the heart of what guides our team today.
With a passion for real estate, Barvin was drawn to multifamily as an asset class due to its in-place cash flow, pricing flexibility, predictable financing and renovation potential. After nearly a year of searching, in the summer of 2010, CEO Eric Barvin purchased his first property—158 units in Baytown, Texas. The property was 60% occupied and being sold as a bank foreclosure. Within a year, the team managed to stabilize the property and this success helped seed the future of Barvin.
Over the next three years (2010-2014), Barvin acquired 2,500 units in Houston and Dallas, undertaking value-add renovations on each of these assets. Finding in certain submarkets of Houston, Dallas and San Antonio the apartment supply of 1980s and 1990s product was very limited, they saw an opportunity in the significant rent gap where no one was operating. They started acquiring the 1970s properties in these locations and renovating them to provide a middle market opportunity for renters that didn’t exist previously.
Starting in 2018, Barvin began its transition into ground up development and core plus acquisitions following the compression of cap rates between different asset classes. Barvin has grown into a fully integrated owner operator and completed over $1.0 billion in transaction volume.
Barvin believes that everyone has a unique ability. This philosophy has helped in building a team of like-minded individuals whose unique abilities build off each other’s and make the whole greater than the sum of each part. Today, The Barvin Team is respected as a group who “does things the right way.” As the team grows, it continues to add new members who share the company’s core values. The team is committed to building communities that enhance the lives of our team members, customers, and partners.
