Avanti Residential and Centennial State Capital Complete Acquisition of 200-Unit The Avery Luxury Apartment Community in Orlando

ORLANDO, FL – Avanti Residential, a nationwide multifamily investor and operator, and partner Centennial State Capital, announced the acquisition of The Avery, a premier apartment community located in Orlando, Florida. The transaction closed on October 24, 2024, for a total price of $50,500,000.
The Avery, a 200-unit community completed in 2022, is situated at 1000 Avery Village Loop, Orlando, FL 32825. The property offers a luxury living experience including a resort-style pool, entertainment deck with an outdoor kitchen and fire pit, state-of-the-art fitness center, and clubhouse. The Avery boasts stylish apartment features, from luxury vinyl plank flooring and lofty 9foot ceilings to modern kitchens with stainless steel appliances. This most recent investment closed in partnership with Centennial State Capital, brings Avanti Residential’s total number of units in Florida to 1,829 across 7 assets, solidifying its presence in the state.
“Avanti is excited to expand its footprint in the Orlando area. The Avery allows our investors the opportunity to own a newly built asset at below replacement cost and peak rents within this micromarket. Furthermore, the asset’s location offers residents brilliant access to Orlando’s key employment and educational hubs,” says Peter Partipilo, Director of Acquisitions.
Mark Henderson of Centennial State Capital shares, “at Centennial State Capital, we take pride in our ability to identify unique investment opportunities. This acquisition reflects the strength of our partnership with Avanti Residential and our shared commitment to investing in high-quality assets in growth markets like Orlando. Together, we’ve bought a premier, newly built asset that will generate value for our investors and provide an exceptional living experience for residents.”
Avanti Residential continues to expand its portfolio and strengthen its position as a leading player in the multifamily industry. The company’s portfolio now reflects 9,604 units across 41 properties in eight states: Colorado, Kansas, Missouri, Arizona, Florida, Utah, Tennessee, and Georgia.
Avanti Residential is committed to providing exceptional living experiences for its residents and delivering strong returns for its investors. The company is actively seeking additional investment opportunities and remains focused on its growth objectives.

Powered by WPeMatico

Aventon Companies Breaks Ground on 288-Unit Aventon Holly Hill Apartment Community in Orlando Submarket of Davenport, Florida

ORLANDO, FL – Aventon Companies, a prominent multifamily developer and general contractor with active projects throughout the Mid-Atlantic and Southeast, announced that construction has begun on its newest Orlando area development Aventon Holy Hill. The three-tale, garden-style community will open in the second half of 2025.
With Aventon Holly Hill marking Aventon Companies’ sixth project in the Orlando submarket, it remains committed to the flourishing metro area. One, two and three-bedroom options will comprise 288 units spread across 14.5 acres. Each apartment will be outfitted with the firm’s signature best-in-class finishes and attention to detail. With a focus on making a sense of community, shared amenities will include a business lounge, fitness center, game room, resort-style pool, and an on-site pet spa. The community’s prime location on U.S. Route 27 also offers simple commuting access to major area employers within the Orlando Commercial Corridor and to local attractions like Disney World.
“Data indicates that Orlando is one of the fastest growing areas in the entire country with over 1,500 new residents added to the population every week,” said Sean Flanagan, Senior Development Director for Aventon Companies. “Aventon Holly Hill is designed to fulfill the growing desire for luxury living in the heart of it all.”
The overall design of Aventon Holly Hill was made by Watts Leaf Architects, with interiors curated by Studio 5 Interiors. The property will be located at the intersection of Holly Hill Grove Road and U.S. Route 27 in the city of Davenport. Since 2019, Aventon Companies has assembled an impressive $2 billion portfolio of ground-up developments bringing nearly 9,000 Aventon-branded apartment homes to Florida, Georgia, the Carolinas, and the Mid-Atlantic.

Powered by WPeMatico

Trident Development Opens 112-Unit The Plaza at Hazeltine Apartment Community in Southwest Minneapolis Submarket of Chaska

CHASKA, MN – Trident Development, a Minnesota-based firm specializing in the acquisition and development of luxury rental apartments, celebrated the opening of The Plaza at Hazeltine, a multifamily community located at 1130 Hazeltine Boulevard, with its project partners, city representatives and residents.
“From the beginning, our goal in developing The Plaza at Hazeltine has been to make a destination that is seamlessly connected to the surrounding community,” said ;Carin Bzdok, vice president at Trident Development. “By working shoulder-to-shoulder with our partners and the city of Chaska, we have achieved that goal and then some. With multiple living options and a wide range of modern amenities, residents are immersed in this wonderful city, taking pride in truly calling this home.”
Located at the southwest corner of Hazeltine Boulevard and Hundertmark Road, The Plaza at Hazeltine features studio/alcove, one, two and three-bedroom apartment options with luxury finishes, modern appliances and golf course views. Residents have access to an underground, climate-controlled parking garage with 100 stalls, and partial ground level covered parking with 30 stalls. The first residents started moving in in early September 2024.
The Plaza at Hazeltine is conveniently situated near a bustling retail area with Kohl’s, McDonald’s, Aldi, Chipotle and Starbucks. The location makes the most of its pedestrian walkways to the retail shops and recreational facilities, including The Loop at Chaska public golf course and the world-renowned Hazeltine National Golf Club.
Amenities include a large outdoor patio with pergola, grilling stations and firepit with comfortable seating, walking trails, a children’s play area, outdoor putting green, dog park, pet wash, bike racks, spacious community room, coffee bar, package delivery room, expansive fitness room, golf simulator, plaza breezeway through the building and a fourth-floor sky deck featuring a rooftop patio.
The general contractor for The Plaza at Hazeltine is Lyon Contracting and the property is managed by Village Green.

Powered by WPeMatico