Advenir Azora, the vertically integrated U.S. rental housing platform formed through the merger of U.S.-based Advenir and Spain-based investment manager Azora, has capitalized and broken ground of four build-to-rent (BTR) projects, as well as the acquisition of a core-plus multifamily community.
These first investments of the partnership mark significant momentum toward the platform’s strategy to deploy more than $3 billion across high-quality residential rental opportunities in the United States during the next five years.
Since the platform’s launch in late 2024, Advenir Azora has deployed $345 million across these initiatives, totaling approximately 1,300 units. The BTR developments and multifamily acquisition are located in high-growth, supply constrained markets including Savannah, Ga; Raleigh, N.C.; Carmel, Ind.; and Bristol, Wis.
Two of the BTR projects — LEO @ Wendell in the Raleigh MSA and LEO @ Port Wentworth in the Savannah MSA — have been cap
