DENVER, CO – Avesta Communities announced that it has completed its acquisition of 9100 Vance, a 276-unit apartment community located on 11 acres in Westminster, Colorado – a suburb located in the Greater Denver market. The community will be rebranded as Altitude Westminster and is the first acquisition for Avesta in Colorado.

“Avesta is excited about its expansion into the Denver market, specifically Westminster,” said Avesta Partner Rachel Ridley. “We believe the market fundamentals and growth outlook in this region align with our investment strategy and offer our investors the opportunity for long-term growth.”

Altitude Westminster is located one mile from downtown Westminster, often referred to as the “Silicon Valley of the Rockies.” In between Downtown Denver and Boulder, CO, Westminster has close proximity to employment, entertainment, shopping, and outdoor activities which makes it a prime location for apartment living.

There is also new growth plotted for the area. The Westminster Mall, located just one mile from Altitude Westminster, is currently being redeveloped by the City of Westminster into a vibrant mixed-use urban community that will serve as a local cultural and economic hub. 

This acquisition comes nearly four years after Avesta announced its expansion into Texas.  Avesta now owns and operates over 3,000 apartment homes around Texas with support offices in Dallas and Austin. 

“Avesta is keen to advance its mission of making more community in the world by extending its resident focused services to those in Colorado,” said Luke Kline, project lead for Altitude Westminster.  “The acquisition of Altitude Westminster is a fantastic first step towards achieving our long-term goals in the attractive Denver region.”

9100 Vance consists of one and two-bedroom apartment homes and high-quality amenities that include a clubhouse, pool, 24-hour fitness center, and an indoor basketball court. Additionally, Avesta plans to implement a long-term capital improvement plot that will include exterior common area improvements and interior renovations to the apartment homes.

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NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced that the company joined forces with Habitat for Humanity to support the Habitat Hammers Back initiative in response to Hurricanes Harvey and Irma.

The catastrophic rampages of Hurricanes Harvey and Irma have devastated entire communities, destroying homes and leaving many people displaced and in need.  Harvey dumped 19 trillion gallons of water on Southeast Texas alone, and Hurricane Irma was a 650-mile-wide storm that made landfall in Florida with unprecedented force. The combined hurt from Hurricanes Harvey and Irma could cost as much as $290 billion, according to forecasts.

Working through its various local offices, Habitat for Humanity is assisting families in Texas, Florida, Louisiana, and the Caribbean through their Habitat Hammers Back initiative. The global housing nonprofit has been responding to natural disasters since 1997, and to date has helped more than 230,000 families in 52 countries through its disaster response work.

365 Connect, founder and CEO, Kerry W. Kirby clarified, “As a New Orleans based company, we know a few things about hurricanes. Following Hurricane Katrina, Habitat for Humanity built more than 6,000 homes and gutted more than 2,500 homes in preparation for rehabilitation along the Gulf Coast. Today is our turn to give back, and we stand ready to help with our hearts, hands, and donations for the victims affected by these devastating storms.”

In response to the disaster, 365 Connect is launching an internal project called “Stepping Up and Stepping Out.” In addition to a generous monetary donation by the company, 365 Connect  is offering fully paid employee volunteer days to work on Habitat projects, employee donation matching, and an awareness campaign on multiple websites operated by the company.

Kirby added, “We are all in this together, and rebuilding these communities is dependent upon the level of support that donors, volunteers, corporations, and community organizations can provide. As this is a long-term recovery project, we are encouraging our industry partners to join us in helping Habitat Hammer Back. We hope our involvement will encourage others to take part in this very vital initiative, and provide aid to the same citizens who offered us help in the wake of Hurricane Katrina.”

Donation to Habitat’s Hurricane Recovery: www.habitat.org/hammersback

365 Connect was founded in 2003 with an unwavering commitment to transforming how apartment communities market, lease, and retain residents. As a leading provider of award-winning technology platforms for the multifamily housing industry, 365 Connect delivers a fully-integrated suite of comprehensive solutions that automate marketing, simplify transactions, and serve residents after the lease is signed. The 365 Connect Resident Lifecycle Platform allows its clients infinite expansion, robust integrations, and the ability to revolutionize user experiences. Explore: www.365connect.com

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DALLAS, TX – Arch Street Capital Advisors is pleased to announce the successful acquisition of Suite 2801 on behalf of an institutional client in joint venture partnership with Cortland Partners. Suite 2801 is a Class A, 417-unit apartment community located in Euless, Texas, a suburb of Dallas, Texas.

Suite 2801 is strategically located in the center of major employment hubs including Dallas, Fort Worth and Arlington, while also providing convenient access to DFW International airport. Suite 2801 is not only an apartment complex, it is a community that offers the best retail shops in the surrounding areas.

The community offers 1, 2 and 3-bedroom luxury apartments boasting premium finishes and quality amenities catering to all ages, including two full-size swimming pools, a resident clubhouse, fitness center, communal lounges and grilling areas. Suite 2801 is conveniently located in walking distance to a major retail destination providing its tenants a “Live-Work-Play” environment.

Arch Street Capital Advisors is a full service real estate investment advisory firm. Arch Street specializes in assisting international investors with their U.S. real estate strategies including acquisition and joint venture advisory, financing advisory, and asset management and disposition services. Since 2003, Arch Street has advised clients on more than $6.0 billion of acquisitions, dispositions and financings. 

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