Avanti Properties fund completes first investment
Avanti Strategic Land Investors X, an affiliate of Avanti Properties Group, has completed its first investment.
The newly acquired property, known as Freeland, will be Avanti’s 16th investment in Houston since 1992. The approximate $55 million total equity capital commitment will be used to transform more than 1,000 acres north of Houston’s Interstate 10 into a community of 2,200 single-family homes.
“With this acquisition, Avanti has once again demonstrated our ability to create value early in the land and housing development process. We look forward to supplying home builders with land for workforce housing accessible to current and future residents of West Houston,” said Andrew Dubill, an Avanti principal.
Since its inception in the late 1970s, Avanti's 10 institutional funds, operating under the Avanti Strategic Land Investors banner since 1992 and capitalized by major endowments, foundations, pension plans and private investors, have committed more