AVANTA Residential Launches a Preferred Equity Program for Build-To-Rent (BTR) Projects
25 Julio 2024 - 11:58AM
Business Wire
AVANTA Residential (the “Company’), a private real estate firm
focused exclusively on the Build-To-Rent (BTR) industry, announced
a new preferred equity investment program designed to meet the
capital needs of today’s BTR sponsors, investors, and
borrowers.
Through its preferred equity investment program, AVANTA is
looking to partner with qualified sponsors to finance ground-up
developments, acquisitions, and recapitalizations.
“The elevated interest rate environment coupled with changes in
both debt and equity capital markets have created a need for high
leverage preferred equity in the BTR space. Despite these
challenges, certain sponsors continue to identify viable investment
opportunities and AVANTA is prepared to help capitalize, or
recapitalize, those opportunities,” said Peter Spier, president of
AVANTA.
“When you partner with AVANTA, you also gain access to the deep
capabilities and experience of Hunt and Invesco Real Estate, two of
the largest, most successful real estate companies in the world.
Our capital and experience can support your success,” concluded
Spier.
As a dedicated BTR development and investment company, AVANTA
has a unique vantage point to understand the challenges and
opportunities of each project that pure financial investors may not
have. AVANTA’s diversified team has significant experience in
development, acquisitions, asset management, property management,
and construction. The team understands each project is unique and
in a different stage, and AVANTA has the skill set and the capital
to support sponsors to create successful outcomes.
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
the United States. In addition, AVANTA invests in third-party BTR
projects and has the flexibility to structure investments with
common equity, preferred equity, and other joint venture solutions
with qualified sponsors and well-conceived projects.
AVANTA was created from the deep experience of Hunt Companies
Inc., a diversified, family-owned holding company responsible for
completing more than $8.5 billion in real estate development and
more than 70,000 single-family rental homes across the United
States, 52,000 of which are still owned and operated today. In
2021, Invesco Real Estate, a global real estate investment manager,
acquired a majority interest in AVANTA. For more information,
please visit www.avantaresidential.com.
About Invesco Real Estate
Invesco Real Estate is a global real estate investment
management business with $86.7 billion in real estate assets under
management, 614 employees and 21 regional offices across the U.S.,
Europe and Asia (as of December 31, 2023). Invesco Real Estate was
established in 1983 and today invests across the risk return
spectrum, from core to opportunistic; in equity and debt; listed
and direct; locally and globally. Invesco Real Estate is a business
name of Invesco Advisers, Inc., an indirect, wholly owned
subsidiary of Invesco Ltd. Invesco Ltd. is an independent
investment management firm dedicated to delivering an investment
experience that helps people get more out of life. NYSE: IVZ;
http://www.invesco.com/realestate.
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version on businesswire.com: https://www.businesswire.com/news/home/20240725493880/en/
Stephanie Sierra VP, Corporate Communications
Stephanie.sierra@huntcompanies.com (915) 342 4565
Invesco (NYSE:IVZ)
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