SAFE - Safehold Closes Sixth Transaction with Avanti Residential, $62.5 Million Ground Lease in Miami. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS. October 12, 2021 | By Allison Walentowicz, Acquisition of new 226-unit Class A apartment community furthers Denver-based Avantis investment foothold in South Florida, with a third purchase pending before year-end. Dive into this Q2 Quarterly Index to find out now and what may lie ahead. Avanti, led by Chair Doug Andrews and CEO Christian Garner, is a multifamily owner-operator of properties throughout Arizona, Colorado, Florida, Kansas and Utah, according to its website. Ricky McRoy, CAM, CAPS - Senior Regional Director - Avanti Residential The deal breaks down to $453,539 per unit. Avanti Residential Buys Miami Apartment for $181M | GlobeSt Soleste Grand Central. Tips; Photos 1; Avanti ! The sale equates to $502,700 per apartment. We think this is a tremendous apartment community on so many levels, with design and quality attributes befitting the highest quality for-sale condominium complexes in the market, plus the project is in a prime location serving a growing and upwardly mobile apartment resident demographic, said Christian Garner, president of Avanti Residential. of Realtors. Safehold Jul 20, 2022, 16:03 ET NEW YORK, July 20, 2022 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE ), the creator and leader of the modern ground lease industry, has closed on a $62.5 million ground. Avanti Way - Energy Efficient Realestating Sign up here. For more information visit [emailprotected]. Stylish interior design features spacious layouts, floor to ceiling windows, furniture made of valuable tree, Italian kitchens with granite tabletops, marble floors and tabletops in bathrooms. Reisebro Annette Simons. The deal breaks down to $453,539 per unit. End-to-End Transactions + Residential to Commercial + An Investor's Paradise + Fund Allocations + $18 - $20 an hour. Description Avanti Miami Beach is an exclusive residential complex in Miami Beach, which offers luxury 2-4 bedroom townhouses facing water or park. . Avanti purchased the class A multifamily community for $181 million from The Estate Companies, who developed the project in 2021 and achieved 95-percent occupancy in six months amid ongoing strong demand for high-quality lifestyle apartments in south Florida. This acquisition extends our deep industry experience in the multifamily sector as we continue to source and acquire institutional quality apartments in strong markets and locales, added Jason Wine, vice president of acquisitions for Avanti. Earlier this week, Lloyd Jones acquired Miami apartment community FIRST Apartments for $92 million. He and the 2022 MIAMI leadership boards were installed Jan. 28 at MIAMI's Inaugural & Awards Celebration at the Seminole Hard Rock Hotel & Casino in Hollywood. A joint venture between Miami-based developers Office America Group and Avanti Way Group obtained a $31.5 million construction loan to build an apartment complex in Lake Worth Beach. Soleste Grand Central fits perfectly with our investment strategy of acquiring premier lifestyle-forward multifamily communities in prime locations.. As it turns out, good returns follow! Prices subject to change St, Suite 104, Doral, FL 33122, Avanti Way & Office America score $32M construction loan for Lake Worth Beach project, Miami-Based JV Sells 190-Unit Build-To Rent Townhome Development Site in Tampa MSA for $18 Million. Estate Companies, based in South Miami, completed the building on a 1-acre site last year, according to property records and the developers website. Cafe Avanti Restaurant - Miami Beach, FL | OpenTable By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. Soleste Grand Central. The property is within a 2-mile radius of a substantial and fast-growing job hub currently offering 170,000 employment positions. Executive Vice President - Avanti Residential - LinkedIn Through our Capital arm, investors can access a constant flow of real estate investment opportunities ranging form income producing multifamily, office, or retail syndicated deals to property development investments as Limited Partners. Miami and Denver, CO July 5, 2022 Denver-based Avanti Residential has acquired Soleste Grand Central, a newly built luxury 360-unit apartment community in downtown Miami. The Soleste Grand Central deal is in line with Estates strategy of building and stabilizing multifamily, and then selling soon thereafter. ST. PETERSBURG, Fla. and DENVER, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Denver-based Avanti Residential has acquired Artistry, a $92 million luxury 246-unit apartment community in the heart of. Avanti Residential Buys Miami Apartments for $181M Our nationwide investment strategy relies equally on the strong working relationships we maintain with local market real estate professionals.. Request academic re-use from We continue to see strong fundamentals in several south Florida multifamily markets, where employment growth and migratory trends remain impactful demand generators in an already supply constrained apartment sector, said Christian Garner, president and CEO of Avanti Residential. Andres Korda was recognized as one of the 40 under 40 professionals and a South Flordia Power Leaders by the SFBJ, Enrique Teran and Avanti Way was names the Broker of the Year for 2022 by the Miami Association of Realtors, JV plans Deco Green, a mixed-use complex with 125 apartments, 8K sf of retail and office and 20K sf of green spa. Avanti Residential acquires $181 million Soleste Grand Central Complex is located in North Beach area, in prestigious residential community Normandy, on the island, most part of which is occupied by the luxury Normandy Shores Golf Club. The property is steps from Brightline stations ParkLine Miami pair of rental towers, which Harbor Group International purchased for more than $400 million in March in a record-setting deal. 2023 ALM Global, LLC, All Rights Reserved. Founded in 2005 and headquartered in Denver, Colorado, Avanti operates a vertically integrated platform led by a seasoned executive team, each with more than 25 years experience in the acquisition and value creation of apartment properties. Avanti Condos at The Villages of Normandy Isle in Miami Beach is a luxury townhouse complex that offers 2-4 bedroom residences located in the prestigious community Normandy, on the island. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. The Denver real estate company acquired the property from The Estate Cos. of Miami in a deal brokered by Walker & Dunlop. Avanti Residential acquires $181m Soleste Grand Central Apartments in Miami July 11, 2022 06:01 ET Our fast growing group of empowered real estate "Agentpreneurs" enjoy powerful tech and support systems to provide the highest value to today's well informed and fast paced residential or commercial consumer. Exclusive discounts on ALM and GlobeSt events. Blue Pointe Builders, a partnership between Alpha Development Group, led by Eduardo Avila, and Avanti Way Group, 2023 Avanti Way Realty All Rights Reserved, 8400 NW 33rd. MIAMI The MIAMI Association of Realtors (MIAMI) elected Enrique Teran, C2EX of Avanti Way Realty as its 2022 residential president. Our fully integrated solution including brokerage, title, and property management services allows for a smooth and efficient contract to beyond-closing transactional process. The acquisition marks Avantis fourth South Florida investment in the last 12 months, following its acquisitions in Boynton Beach, Doral and St. Petersburg. Other Reisedienstleistungen Nearby. All Rights Reserved. The units either face the water or the park. Rents are increasing at unprecedented rates, with the region reporting a roughly 8 percent increase over the past year, while some submarkets are seeing rent hikes of as much as 24 percent. Sunny Isles Beach, Avanti Residential We recognize the strong demand for premium apartment communities in South Florida, especially in the immediate area where upwardly mobile professionals are such a predominate demographic base, added Garner. 28 66117 Saarbrcken Germany. Sign up to receive emails from IREI. Private party facilities. These Are the Sunbelt Markets Where Multifamily Owners Face the Most Financial Risk, Fortress Group Acquires $1B Loan Portfolio from Capital One, Utilities Too Are Driving Up Multifamily Operation Expenses, One Attempt at Incorporating Local Crime Into an Office Valuation, Half the Lone Star States Submarkets Have Cut Apartment Rents. NEW YORK, July 20, 2022 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a $62.5 million ground lease to facilitate the acquisition of Soleste Grand Central, a 360-unit multifamily asset in Miami, Florida. The project is within a two-mile radius of a sizable and growing employment base currently boasting 170,000 jobs. Download this eBook to find ways to reduce 2-4% in costs across your real estate lease portfolio. Private docks with water supply and electricity can accommodate yachts up to 35 feet long. Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR! Avanti Residential | Apartments in Colorado, Arizona, Kansas, Florida Full-service, commercial real estate firm that uses tech to enhance the experience. Jessica Fuentes: (305) 538-4400. Sign In Now. By clicking on I accept, you consent to our Privacy Policy. Image courtesy of Avanti Residential. Still Hunter led the Walker & Dunlop team that represented the seller.
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