Invesco Real Estate makes investment in single-family rental platform

Avanta Residential, the single-family rental affiliate of Hunt Cos., has secured a recapitalization and strategic investment from Invesco Real Estate, a global real estate investment manager.

Invesco Real Estate said it recognizes that the COVID-19 pandemic has increased the demand for single-family rentals as people’s live-work-play boundaries become more blurred. The transaction strengthens Invesco Real Estate’s commitment to the fast-growing build-for-rent asset class, and provides access to expertise from a seasoned team of real estate professionals in a vertically integrated model. Invesco Real Estate acquired 75 percent of Avanta Residential on behalf of a client with a high-return strategy.

“We believe build-to-rent represents a tremendous opportunity to invest in an asset class that will allow us to provide a high-quality living experience to anyone looking for their next home,” said Bert Crouch, managing director, head of North America for Invesco Re