Avanti Residential Expands into Affordable Housing Market with Launch of New Affiliate Focused on LIHTC Development Projects

DENVER, CO – Avanti Residential, a nationally recognized multifamily investor and operator, proudly announced the formation of its new affiliate, Avanti Residential Housing. This strategic expansion positions Avanti at the forefront of the affordable housing sector, with a particular emphasis on Low-Income Housing Tax Credit (LIHTC) development, acquisition, and preservation.
Guided by its mission to make high-quality, attainable housing while delivering attractive, risk-adjusted returns, Avanti Residential Housing represents a natural evolution of the firm’s commitment to responsible investing. The new, Tampa-based, affiliate will leverage Avanti’s extensive real estate expertise and financial acumen to address the critical shortage of affordable rental housing nationwide.
Spearheading this initiative is Christopher Martiner, a seasoned industry executive with over 30 years of experience and a proven track record in affordable housing finance, development, and investment. Under his leadership, Avanti Residential Housing aims to become a national leader in the production and preservation of affordable multifamily communities, with a focus on maximizing LIHTC equity investments and leveraging public-private partnerships to drive sustainable growth.
“We see a tremendous opportunity to not only expand Avanti’s footprint but also to make long-term value for our investors by addressing one of the most pressing housing challenges in the country,” said Martiner, Managing Partner of Avanti Residential Housing. “With the increasing demand for affordable housing solutions, we are committed to delivering innovative, high-quality communities that serve both residents and stakeholders.”
Avanti Residential Housing will initially focus on high-growth metropolitan markets, leveraging Avanti’s established presence and investment acumen. The company’s approach integrates forward-thinking design, sustainable development practices, and strong community engagement to ensure long-term success.
“The creation of Avanti Residential Housing represents an extension of our core values, enabling us to make a meaningful impact in underserved markets while continuing to provide compelling opportunities for institutional and private investors,” said Christian Garner, President and CEO of Avanti Residential. “Our long-term vision includes the establishment of a nonprofit arm dedicated to furthering our commitment to housing affordability.”
Avanti Residential currently operates a diverse portfolio encompassing approximately 10,000 units across 40 properties in seven states, including Colorado, Kansas, Missouri, Arizona, Florida, Utah, and Tennessee. With the launch of Avanti Residential Housing, the firm is poised to deepen its impact in the affordable housing space while maintaining its reputation for best-in-class multifamily investment and operational excellence.

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PeakMade Real Estate, Blue Vista Capital, and W5 Group Break Ground on Theory Ithaca Apartment Community Near Cornell University

ITHACA, NY – PeakMade Real Estate and Blue Vista Capital Management, in partnership with W5 Group, recently broke ground on construction for Theory Ithaca, a new apartment development located near Cornell University in downtown Ithaca, NY, aimed to serve Cornell graduate students, university affiliates, and the greater Ithaca community. This project marks the continued expansion of Peak and Blue Vista’s Theory-branded development portfolio in major university markets. Construction financing for Theory Ithaca was provided by Kennedy Wilson.
Upon completion, Theory Ithaca will be comprised of 371 units and 518 beds, offering studio through 3-bedroom floorplans, and 239 parking spaces. The development, scheduled to open for the 2027 academic year, will feature a market-leading amenity package, including rooftop terraces, modern study lounges, a luxury fitness center, and direct access to nature along Six Mile Creek.
“The Cornell University market is one of the most undersupplied student apartment markets in the country especially for graduate students. Theory Ithaca plans to serve this unmet demand with an exceptional project in an irreplaceable location in between Cornell’s campus and downtown Ithaca,” commented Jeff Githens, President of Development at PeakMade Real Estate.
“We are excited to start construction on Theory Ithaca alongside PeakMade and W5 Group, and look forward to delivering a groundbreaking new, high-quality housing option to downtown Ithaca to help bridge the market’s housing gap for students,” commented Jason Schwartz, Managing Principal at Blue Vista Capital Management, LLC.
“Theory Ithaca is a continuation of our Innovative Living strategy, delivering a thoughtfully designed, community-oriented, highly-amenitized living experience in the Cornell University market,” said Ralph Winter, Founder and Principal of W5 Group. “Cornell is one of the world’s most prestigious universities, with an $11 billion endowment and a rapidly growing student population. In partnership with Blue Vista and PeakMade, we are excited to deliver a new state-of-the-art apartment community for the next generation of Cornellians, setting a new standard for residential innovation in the Ivy League.”

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Wood Partners Breaks Ground on 229-Unit Alta Nashoba Valley Apartment Community in Fast Growing Boston Suburban Market of Bolton

BOSTON, MA – National multifamily developer Wood Partners announced the groundbreaking of its latest community, Alta Nashoba Valley, in Bolton, Massachusetts, a suburb outside of Boston. The fully electric community will have a 25% affordable component and is set to deliver first units in December 2025.
Alta Nashoba Valley will be fully electric and will install high-efficiency heat pumps and on-demand hot water systems so that all heating, cooling and cooking will be electric. This approach is new to the Massachusetts market for non-subsidized housing and is more environmentally friendly in comparison to gas-powered facilities. Additionally, Wood Partners, working alongside city officials, is providing funding to complete the construction of the recreational Derby Field, relocate the community garden and contribute to the Memorial Field playground.
The 229-unit community is conveniently located immediately off I-495 at the Bolton Office Park campus and will include a mix of one-, two- and three-bedroom layout designs. The four three-tale buildings are thoughtfully designed to reflect the New England-style home and will feature a clubroom, workspaces, a fitness center, a private bar and dining area, a dog park, a playground, EV stations, a pet spa, a resort-style pool, and firepits and grilling areas.
“From the luxurious amenities to the community-driven projects and eco-friendly features, this development sets a new standard for multifamily construction in Massachusetts,” said Kelen Araujo, Development Manager at Wood Partners. “We are very active in the region and remain dedicated to providing high-quality living spaces for the community.”
Within the past year, Wood Partners has started construction on Alta Altitude in Warwick, Rhode Island, Alta Oak & Pine in Londonderry, New Hampshire, and Alta Forge in Abington, Massachusetts, in addition to Alta Nashoba Valley, marking its expansion throughout New England. These multifamily communities will bring more than 900 units of much-needed housing to the region that has seen a shortage of new development.

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