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Avanti Properties Group Announces Acquisition of Freeland Tract in Houston MSA


WINTER PARK, FL – January 10, 2022 – Avanti Properties Group (“Avanti”) is pleased to announce that Avanti Strategic Land Investors X, an Avanti affiliate, recently completed its first investment. The newly acquired property, known as “Freeland,” will be Avanti’s sixteenth investment in Houston, TX since 1992. The approximate $55 million total equity capital commitment will be used to transform more than 1,000 acres just north of Houston’s I-10 into a community of 2,200 single-family homes. Andrew Dubill, an Avanti Principal, said: “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 homebuilders with land for workforce housing accessible to current and future residents of West Houston.”

Avanti has successfully executed profitable, unlevered investments in Houston for more than three decades, tracking the city’s path of growth and expansion west-ward, with average property-level returns in the unlevered mid-teens and average capital multiples exceeding 2.5x. Avanti was able to source this most recent opportunity through a combination of its long history with a local land developer, its strong relationship with a leading land broker in the west sub-market of Houston, and its ability to satisfy the sellers’ need to close quickly. Since its inception in the late 1970s, Avanti has become one of the nation’s largest and most successful investment firms dedicated exclusively to land investment, development, and finance. Avanti's ten institutional funds, operating under the Avanti Strategic Land Investors (ASLI) banner since 1992 and capitalized by major endowments, foundations, pension plans, and private investors, have committed over $1.5 billion to residential, commercial, and industrial land in more than 25 of the fastest growing US markets. Contact: Jennifer M. Keating Avanti Properties Group +1 407.628.1348 jkeating@avantiprop.com www.avantiprop.com