AVANTA Residential Announces Preferred Equity Investment for Boardwalk Village
AVANTA Residential has secured an $8 million preferred equity investment for Boardwalk Village, marking its second such investment in the Build-to-Rent sector. The development will feature 203 high-quality patio homes located 30 miles from downtown Houston and north of the Woodlands.
The project includes 24 studio, 80 one-bedroom, and 99 two-bedroom detached patio home units and two-story flats. Community amenities will include a resident lounge, community kitchen, resort-style pool, dog park, recreational space, and grilling stations. The development is strategically positioned near major employers like Exxon Mobile, HP, and Southwestern Energy, within the highly-ranked Conroe Independent School District.
AVANTA Residential ha ottenuto un investimento di equità preferenziale di 8 milioni di dollari per Boardwalk Village, segnando il suo secondo investimento in questo settore del Build-to-Rent. Il progetto prevede 203 abitazioni di alta qualità con patio, situate a 48 chilometri dal centro di Houston, a nord di Woodlands.
Il progetto comprende 24 monolocali, 80 unità con una camera da letto e 99 unità con due camere da letto e appartamenti su due piani. I servizi della comunità includeranno una sala per i residenti, una cucina comunitaria, una piscina in stile resort, un parco per cani, spazi ricreativi e aree per grigliare. Lo sviluppo è strategicamente posizionato vicino a grandi datori di lavoro come Exxon Mobil, HP e Southwestern Energy, all'interno del rinomato distretto scolastico Conroe Independent School District.
AVANTA Residential ha conseguido una inversión de equidad preferente de 8 millones de dólares para Boardwalk Village, marcando su segunda inversión en el sector Build-to-Rent. El desarrollo contará con 203 casas de patio de alta calidad ubicadas a 48 kilómetros del centro de Houston y al norte de Woodlands.
El proyecto incluye 24 estudios, 80 departamentos de una habitación y 99 casas de patio de dos habitaciones y departamentos de dos pisos. Las comodidades de la comunidad incluirán un salón para residentes, cocina comunitaria, piscina estilo resort, parque para perros, espacios recreativos y áreas para hacer barbacoas. El desarrollo está estratégicamente situado cerca de importantes empleadores como Exxon Mobil, HP y Southwestern Energy, dentro del altamente clasificado Distrito Escolar Independiente de Conroe.
AVANTA Residential는 Boardwalk Village를 위한 8백만 달러의 우선주 투자에 성공했습니다. 이는 Build-to-Rent 분야에서 두 번째 투자에 해당합니다. 이 개발 프로젝트는 휴스턴 시내에서 48킬로미터 떨어진 Woodlands 북쪽에 위치한 203개의 고급 파티오 홈으로 구성됩니다.
이 프로젝트는 24개의 스튜디오, 80개의 원룸, 99개의 투룸 독립 파티오 홈 및 2층 플랫이 포함됩니다. 커뮤니티 시설에는 주민 라운지, 공용 주방, 리조트 스타일의 수영장, 개 공원, 레크리에이션 공간 및 바비큐 스테이션이 포함됩니다. 이 개발은 Exxon Mobil, HP 및 Southwestern Energy와 같은 주요 고용주 가까이에 전략적으로 위치해 있으며, 높은 평가를 받고 있는 Conroe 독립 학군 내에 있습니다.
AVANTA Residential a sécurisé un investissement en capital privilégié de 8 millions de dollars pour Boardwalk Village, marquant son deuxième investissement dans le secteur du Build-to-Rent. Le développement comprendra 203 maisons de patio de haute qualité, situées à 48 kilomètres du centre-ville de Houston et au nord de Woodlands.
Le projet comprend 24 studios, 80 appartements d'une chambre et 99 maisons de patio d'une superficie de deux chambres, ainsi que des appartements de deux étages. Les commodités de la communauté comprendront un salon pour résidents, une cuisine commune, une piscine de style complexe, un parc pour chiens, des espaces récréatifs et des stations de barbecue. Le développement est stratégiquement situé près de grands employeurs comme Exxon Mobil, HP et Southwestern Energy, au sein du très réputé district scolaire indépendant de Conroe.
AVANTA Residential hat eine bevorzugte Eigenkapitalinvestition in Höhe von 8 Millionen Dollar für Boardwalk Village gesichert, was die zweite solche Investition im Bereich Build-to-Rent markiert. Das Projekt wird 203 hochwertige Patio-Häuser umfassen, die 48 Kilometer vom Stadtzentrum von Houston und nördlich von Woodlands gelegen sind.
Das Projekt umfasst 24 Studios, 80 Ein-Zimmer-Wohnungen und 99 Zwei-Zimmer-Patio-Häuser sowie zweigeschossige Wohnungen. Zu den Gemeinschaftseinrichtungen gehören eine Lounge für Bewohner, eine Gemeinschaftsküche, ein Pool im Resort-Stil, ein Hundespielplatz, Freizeiteinrichtungen und Grillstationen. Das Entwicklungsprojekt ist strategisch günstig gelegen in der Nähe großer Arbeitgeber wie Exxon Mobil, HP und Southwestern Energy, innerhalb des hoch bewerteten Conroe Independent School District.
- Secured $8 million in preferred equity investment
- Development of 203 residential units in strategic Houston suburb location
- Located in top-ranked school district near major employers
- Diverse unit mix with comprehensive community amenities
- None.
Insights
The
The BTR sector has emerged as an attractive investment vehicle for institutional investors, offering a blend of multifamily stability with single-family rental premiums. The project's strategic positioning near major employers like Exxon Mobile, HP and Southwestern Energy suggests strong potential for stable occupancy rates and rental growth.
The development's unit mix (24 studio, 80 one-bedroom and 99 two-bedroom units) is well-calibrated to current market demands, particularly appealing to young professionals and small families seeking flexibility without the burden of homeownership. The extensive amenity package aligns with premium BTR developments, potentially supporting higher rental rates and resident retention.
From an investment perspective, preferred equity positions typically offer enhanced downside protection compared to common equity, while still providing attractive returns through preferred distributions and potential equity kickers. This structure helps mitigate development risks while maintaining exposure to the project's upside potential.
However, investors should note that while this investment demonstrates IVZ's strategic diversification into alternative real estate investments, its size suggests it's more of a tactical play than a significant portfolio driver. The real value lies in establishing operational expertise in the BTR sector, which could lead to larger-scale opportunities as the segment matures.
Boardwalk Village will include 203 high-quality patio homes to meet the growing demand in the area. Strategically located 30 miles from downtown
Boardwalk Village will feature a diverse mix of 24 studio, 80 one-bedroom, and 99 two-bedroom detached patio home units and two-story flats. In addition to the thoughtfully designed floor plans, the community includes a resident lounge, community kitchen/grills, leasing office, resort style community pool, dog park, recreational space, firepits, and grilling stations with picnic areas, enhancing the lifestyle and convenience for residents. HMF Americana will serve as the master developer of Boardwalk Village.
“This
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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Media Contact
Stephanie Sierra
Stephanie.sierra@huntcompanies.com
915/342-4565
Source: AVANTA Residential
FAQ
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