AVANTA Residential's Strategic Investment in Boardwalk Village
AVANTA Residential's Investment in Boardwalk Village
AVANTA Residential, a prominent name in real estate investment, has made headlines with the announcement of an $8 million preferred equity investment dedicated to the development of Boardwalk Village. This investment is not just another number; it marks the company’s second foray into preferred equity investing, reflecting its unwavering commitment to growth within the Build-to-Rent (BTR) sector.
Creating High-Quality Living Spaces
The planned Boardwalk Village will consist of 203 high-quality patio homes, strategically situated just a stone's throw from both downtown Houston and The Woodlands. This prime location is pivotal, ensuring residents will have easy access to the plethora of amenities offered in both bustling areas via I-45. Additionally, the community falls within the Conroe Independent School District, known as one of the top educational districts in the region, further enhancing its appeal to families.
Residential Features and Community Amenities
In terms of residential offerings, Boardwalk Village will feature a well-rounded assortment of homes, including 24 studio units, 80 one-bedroom units, and 99 two-bedroom detached patio homes and two-story flats. Beyond just living spaces, the community is designed with modern conveniences in mind, incorporating amenities such as a resident lounge, a fully equipped kitchen, community grills, a leasing office, a resort-style pool, a dog park, recreational areas, fire pits, and inviting picnic zones. All of these elements together create a lifestyle that prioritizes comfort and community feel.
Leadership's Vision and Future Outlook
Peter Spier, the President of Avanta Residential, remarked, “This $8 million preferred equity investment is a testament to Avanta’s commitment to growth and excellence in the build-to-rent sector. Strategically located near downtown Houston and The Woodlands, and within the exceptional Conroe Independent School District, Boardwalk Village blends modern living with accessibility. We are thrilled to partner with HMF Americana to bring this project to life.”
About AVANTA Residential
AVANTA Residential is a specialized real estate investment firm dedicated exclusively to the Build-To-Rent (BTR) industry. The focus of AVANTA is clear: to develop, acquire, and invest in BTR communities nationwide. This firm isn’t just about profits; it also invests in third-party BTR projects, showcasing a flexible approach that includes various investment structuring avenues such as common equity and preferred equity.
The Company’s Background and Track Record
Founded on a solid base of expertise from Hunt Companies Inc., a family-owned holding company, AVANTA has played a crucial role in the development of over 70,000 single-family rental homes across the United States. With over $8.5 billion in real estate development completed, the company is positioned as a leader in the BTR space. In 2021, the company garnered significant attention when Invesco Real Estate, a global investment manager, acquired a majority interest in AVANTA, further bolstering its credibility and reach in the real estate market.
Current Industry Landscape
As the Build-to-Rent market continues to thrive, characterized by a surge in demand for rental properties, investments like AVANTA's in Boardwalk Village exemplify a well-timed strategy aligning with market trends. With the housing market fluctuating, the appeal of BTR communities rises, driven by the desire for modern, flexible living arrangements.
Frequently Asked Questions
What is Boardwalk Village?
Boardwalk Village is a planned community that will feature 203 patio homes, aimed at catering to the growing demand for rental properties.
What does AVANTA Residential do?
AVANTA Residential is focused on developing, acquiring, and investing in Build-To-Rent communities across the United States.
Why is the investment significant?
The $8 million preferred equity investment demonstrates AVANTA's commitment to growth in the Build-to-Rent sector and enhances community living options.
What amenities will Boardwalk Village offer?
Boardwalk Village will provide a variety of amenities including a resort-style pool, dog park, community lounge, and recreational spaces.
Who is HMF Americana?
HMF Americana is the master developer involved in the Boardwalk Village project, ensuring quality and timely execution of the community's development.
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