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- AVANTA Residential Secures $10.6M Investment for Ridgeline Vista Townhomes in Colorado
AVANTA Residential Secures $10.6M Investment for Ridgeline Vista Townhomes in Colorado
Slice of Real Estate Team
October 28, 2024
Key Highlights:
$10.6 million investment fuels Ridgeline Vista Townhomes development.
116 high-quality units to meet rising demand in Brighton, Colorado.
Partnership with Republic Property Group, an experienced BTR developer.
Project includes 2-4 bedroom units with attached garages, professional management, and amenities.
Strategic location near Denver International Airport and I-76 corridor for enhanced connectivity.
Source: Business Wire
Notable Quote:
“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.”
Our Take:
AVANTA Residential’s $10.6 million preferred equity investment in the Ridgeline Vista Townhomes marks a pivotal step in its growth strategy in the build-to-rent (BTR) sector. This development aligns with current trends favoring BTR projects, catering to families and professionals seeking flexibility and managed housing solutions. The 116-unit community is strategically positioned in a high-demand area of Brighton, Colorado, with easy access to major transit routes and the Denver International Airport. Additionally, Republic Property Group’s involvement lends credibility, bringing their extensive expertise in BTR and Master-Planned Communities to AVANTA’s first Colorado project. This collaboration highlights AVANTA’s commitment to quality and innovation in expanding its BTR portfolio across the U.S.