AVANTA Residential Announces $7.0 Million Preferred Equity Investment in Amare Rio Rancho Build-to-Rent Community

DENVER--(BUSINESS WIRE)--AVANTA Residential today announced a $7.0 million preferred equity investment for the development of Amare Rio Rancho, a new 128-unit build-to-rent community in Rio Rancho, New Mexico. The project is being developed by Verdot Capital, a vertically integrated real estate development firm with over two decades of experience.

The investment will facilitate the construction of a mix of 39 one-bedroom, 39 two-bedroom, and 50 three-bedroom townhomes and detached patio homes. The community is designed to offer a premium living experience with a full suite of amenities, including a resort-style pool and spa, a modern clubhouse, a fitness center, yoga spaces, and a dog park. The townhomes will also feature two-car attached garages.

Located in one of New Mexico’s fastest-growing cities, the Amare Rio Rancho site offers exceptional convenience. It is situated near major employers like Intel, Sandia National Labs, and Castelion’s planned rocket motor manufacturing campus. The community is also directly across from Presbyterian Rust Medical Center and is near the local elementary, middle and high schools.

"This investment in Amare Rio Rancho aligns perfectly with our strategy of partnering with top-tier developers in high-growth markets," said Peter Spier, President of AVANTA Residential. "The demand for quality rental housing in Rio Rancho is strong, and this community will provide an attractive option for the area's growing population of families and professionals."

Verdot Capital brings extensive experience to the project, having developed over 4,000 multifamily units and currently overseeing eight build-to-rent and multifamily projects across New Mexico and Central Texas.

"We are excited to partner with AVANTA Residential to bring Amare Rio Rancho to life," stated Robert Wall, Managing Partner for Verdot Capital. "This project will not only deliver high-quality housing but also contribute positively to the economic vitality of Rio Rancho. Our shared vision for creating exceptional communities makes this a powerful collaboration."

About AVANTA Residential

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, 61,000 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 Verdot Capital

Verdot Capital is dedicated to identifying, acquiring, and developing projects that enhance the built environment. Verdot specializes in multifamily, senior living, build-to-rent, and mixed-use developments. Distinguished by premier locations, bespoke strategies, and a commitment to delivering strong, consistent returns, Verdot focuses on premium ground-up developments, employing strategic partnerships, vertical integration, creative financing, and accretive placemaking to drive returns for our investors and quality of life for our users.