Invesco Real Estate Acquires 75% of Avanta Residential

Avanta Residential, the single-family rental affiliate of Hunt Companies, recently secured a recapitalization and strategic investment from Invesco Real Estate. Invesco Real Estate acquired 75 percent of Avanta Residential on behalf of a client with a high-return strategy. The commitment will further scale Avanta’s operating platform and position it as a build-for-rent enterprise.

“We could not ask for a better strategic partner to support the rapid growth of the Avanta platform,” said Jim Dobbie, Avanta president. “We look forward to putting our complementary capabilities to work to deliver class-A neighborhoods and strong return potential for our current investor, Iron Point Partners LLC and other institutional capital partners.”

Invesco recognizes that the pandemic has increased the demand for single-family rentals as live/work/play boundaries become more blurred. This transaction further strengthens Invesco’s commitment to the fast-growing build-for-rent asset class, and provides access to expertise from a seasoned team of real estate professionals.

“We believe build-to-rent represents a tremendous opportunity to invest in an asset class that will allow us to provide a high-quality living experience to anyone looking for their next home,” said Bert Crouch, managing director, head of North America for Invesco Real Estate. “We look forward to partnering with Avanta as they expand their build-to-rent offering and make it possible for our client capital to grow in single-family rental portfolios.”