“We couldn’t ask for a better strategic partner to support the rapid growth of the Avanta platform,” said the president of Avanta. Jim dobbie. “We look forward to leveraging our complementary capabilities to deliver Class A neighborhoods and strong return potential for our current investor, Iron Point Partners, LLC, and other institutional capital partners.
Invesco Real Estate recognizes that the COVID-19 pandemic has increased the demand for single-family rentals as people’s life / work / play boundaries become more blurred. This transaction further strengthens Invesco Real Estate’s commitment to the fast growing construction-to-rental asset class, and it brings the expertise of a seasoned team of real estate professionals into a model truly vertically integrated. Invesco Real Estate acquired 75% of Avanta Residential on behalf of a client with a high return strategy.
“We believe that building for rent represents a tremendous opportunity to invest in an asset class that will allow us to deliver a high quality living experience to anyone looking for their next home,” said Crouching bert, general manager, head of North America for Invesco Immobilier. “We look forward to partnering with Avanta as they expand their build-to-lease offering and enable our client capital to grow into single-family rental portfolios. “
Avanta was formed in 2020 to capitalize on Hunt’s 30-year expertise in single-family home rentals as well as the shift in mindset around home rental. Avanta has since announced its first neighborhood in The Colony in Bastrop, Texas. More than 20 neighborhoods are under construction, representing around 5,000 housing units. Avanta is in the process of creating more than 40 neighborhoods over the next few years.
Avanta Residential is the single-family rental division of Hunt Companies, Inc. (Hunt). Drawing on Hunt’s extensive real estate experience and over $ 8.5 billion in completed real estate developments, Avanta is positioned to set the standard for the industry by creating neighborhoods comprised of single family homes for rent. For more information, www.avantaresidential.com.
About Invesco Immobilier
Invesco Real Estate is a global leader in the management of real estate investments with $ 85.2 billion in real estate assets under management, 592 employees and 21 regional offices across the North America, Europe and Asia Pacific (from June 30, 2021). Invesco Real Estate has actively invested in core, value-added and opportunistic real estate strategies since 1983. Invesco Real Estate is the real estate investment hub of Invesco Advisers, Inc., an indirect wholly owned subsidiary of Invesco Ltd., an independent investment management company. company dedicated to providing an investment experience that helps people get the most out of life.NYSE: IVZ; www.invesco.com.
SOURCE Avanta Residential