AVANTA Residential Announces First Preferred Equity Investment for Ridgeline Vista Townhomes [Yahoo! Finance]
Invesco Ltd (IVZ)
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Source: Yahoo! Finance
equity investment for the development of Ridgeline Vista Townhomes, marking the company's first preferred equity investment. This significant investment underscores AVANTA's commitment to expanding its geographic footprint in the build-to-rent (BTR) sector with this project in Brighton, Colorado. Ridgeline Vista Townhomes will include 116 high-quality town homes to meet the growing demand in the area. Strategically located in northeast Denver, the community will benefit from the region's robust expansion along I-76 and its proximity to the Denver International Airport, offering residents unparalleled convenience and connectivity. The developer, Republic Property Group, has a proven track record of success, having previously developed multiple BTR communities and nationally recognized Master-Planned Communities. Ridgeline Vista Townhomes is Republic Property Group's first development project in Colorado. The Ridgeline Vista Townhomes will feature a diverse mix of 36 two-bedroom,
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