AVANTA Residential Announces First Preferred Equity Investment for Ridgeline Vista Townhomes
AVANTA Residential has secured a $10.6 million preferred equity investment for the development of Ridgeline Vista Townhomes in Brighton, Colorado. The project, developed by Republic Property Group, will feature 116 high-quality townhomes, including 36 two-bedroom, 56 three-bedroom, and 24 four-bedroom units, all with attached 2-car garages. Located in northeast Denver, the community will benefit from its proximity to Denver International Airport and I-76. The development will include amenities such as a dog park, boulevard streets, open space, and professional management with routine yard maintenance.
AVANTA Residential ha ottenuto un investimento in equity preferenziale di 10,6 milioni di dollari per lo sviluppo di Ridgeline Vista Townhomes a Brighton, Colorado. Il progetto, sviluppato da Republic Property Group, comprenderà 116 townhomes di alta qualità, inclusi 36 unità con due camere da letto, 56 unità con tre camere da letto e 24 unità con quattro camere da letto, tutte con garage per due auto. Situata a nord-est di Denver, la comunità beneficerà della sua vicinanza all'aeroporto internazionale di Denver e all'I-76. Lo sviluppo includerà servizi come un parco per cani, strade a boulevard, spazi aperti e gestione professionale con manutenzione regolare del prato.
AVANTA Residential ha obtenido una inversión de capital preferente de 10.6 millones de dólares para el desarrollo de Ridgeline Vista Townhomes en Brighton, Colorado. El proyecto, desarrollado por Republic Property Group, contará con 116 casas adosadas de alta calidad, que incluyen 36 unidades de dos habitaciones, 56 de tres habitaciones y 24 de cuatro habitaciones, todas con garajes para dos autos. Ubicada al noreste de Denver, la comunidad se beneficiará de su proximidad al Aeropuerto Internacional de Denver y a la I-76. El desarrollo incluirá comodidades como un parque para perros, calles tipo bulevar, espacios abiertos y gestión profesional con mantenimiento rutinario del jardín.
AVANTA Residential는 콜로라도 브라이튼에 있는 Ridgeline Vista Townhomes 개발을 위해 1,060만 달러의 우선주 투자를 확보했습니다. 이 프로젝트는 Republic Property Group에 의해 개발되며, 36개의 2 베드룸, 56개의 3 베드룸, 24개의 4 베드룸 유닛을 포함하여 고품질의 116개 타운홈을 특징으로 합니다. 덴버 북동부에 위치한 이 커뮤니티는 덴버 국제공항 및 I-76와의 근접성 덕분에 이점을 받을 것입니다. 개발에는 개 공원, 보울바드 거리, 개방 공간 및 정기적인 잔디 유지 관리를 포함한 전문 관리와 같은 편의 시설이 포함될 것입니다.
AVANTA Residential a obtenu un investissement en actions privilégiées de 10,6 millions de dollars pour le développement de Ridgeline Vista Townhomes à Brighton, Colorado. Le projet, développé par Republic Property Group, comprendra 116 maisons en bande de haute qualité, y compris 36 unités de deux chambres, 56 unités de trois chambres et 24 unités de quatre chambres, toutes avec des garages attenants pour deux voitures. Située au nord-est de Denver, la communauté bénéficiera de sa proximité avec l'aéroport international de Denver et l'I-76. Le développement comprendra des commodités telles qu'un parc pour chiens, des rues de type boulevard, des espaces verts et une gestion professionnelle avec entretien régulier des jardins.
AVANTA Residential hat eine investition in bevorzugtes Eigenkapital in Höhe von 10,6 Millionen Dollar für die Entwicklung von Ridgeline Vista Townhomes in Brighton, Colorado, gesichert. Das von Republic Property Group entwickelte Projekt umfasst 116 hochwertige Reihenhäuser, darunter 36 mit zwei Schlafzimmern, 56 mit drei Schlafzimmern und 24 mit vier Schlafzimmern, alle mit angebauten Garagen für zwei Autos. Die Gemeinschaft, die im Nordosten von Denver liegt, profitiert von der Nähe zum Denver International Airport und zur I-76. Die Entwicklung umfasst Annehmlichkeiten wie einen Hundewiesen, Boulevardstraßen, Freiflächen und eine professionelle Verwaltung mit regelmäßiger Gartenpflege.
- Secured $10.6 million in preferred equity investment
- Development of 116 new rental units in strategic location
- Expansion into growing BTR market in Colorado
- None.
Insights
The
The partnership between AVANTA Residential and Republic Property Group brings together institutional capital with proven development expertise. This investment structure - preferred equity rather than direct ownership - suggests a more conservative approach to market entry, offering potentially better downside protection while still maintaining upside exposure to the BTR sector's growth.
For IVZ (Invesco) shareholders, this represents a relatively small transaction that modestly expands their real estate portfolio's exposure to the BTR sector, which has shown resilience amid housing affordability challenges.
Ridgeline Vista Townhomes,
Ridgeline Vista Townhomes will include 116 high-quality town homes to meet the growing demand in the area. Strategically located in northeast
The developer, Republic Property Group, has a proven track record of success, having previously developed multiple BTR communities and nationally recognized Master-Planned Communities. Ridgeline Vista Townhomes is Republic Property Group’s first development project in
The Ridgeline Vista Townhomes will feature a diverse mix of 36 two-bedroom, 56 three-bedroom, and 24 four-bedroom units, each equipped with attached 2-car garages. In addition to the thoughtfully designed floor plans, the community will include a dog park, boulevard streets, open space, and professional management that will include routine yard maintenance, enhancing the lifestyle and convenience for residents.
“AVANTA Residential is excited to embark on this new chapter of growth and innovation in the BTR market by leveraging the combined strengths of the AVANTA team and joint venture partners. We are thrilled to partner with Republic Property Group and are continually looking to partner with other experienced sponsors to execute BTR projects across target markets throughout the United States,” said Peter A. Spier, President of AVANTA.
About AVANTA
AVANTA Residential is a private real estate investment company focused exclusively on the Build-To-Rent (BTR) industry. The Company develops, acquires and invests in BTR communities across
AVANTA was created from the deep experience of Hunt Companies Inc., a diversified, family-owned holding company responsible for completing more than
About Invesco Real Estate
Invesco Real Estate is a global real estate investment management business with
About Invesco Ltd.
Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive, and alternative investment capabilities. With offices in more than 20 countries, Invesco managed
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Stephanie Sierra
Stephanie.sierra@huntcompanies.com
915/342-4565
Source: AVANTA
FAQ
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