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Portfolio

ADVENIR AT MAYFIELD
ADVENIR AT MAYFIELD MIDLAND, TEXAS / 300 UNITS
Year Built:
2008
Acquired:
2019
Total Capitalization:
$58,085,000
Equity:
Private
Financing:
Freddie Mac, 7 year term, 3 years IO
Current Cash Return:
8%
Website Link:
https://www.adveniratmayfield.com/
ADVENIR AT ONE ELEVEN
ADVENIR AT ONE ELEVEN COLUMBIA, SOUTH CAROLINA / 224 UNITS
Year Built:
2016
Acquired:
2019
Total Capitalization:
$41,400,000
Equity:
Private
Financing:
Loan Assumption
Current Cash Return:
6%
Website Link:
https://www.adveniratoneeleven.com/
Advenir at The Meadows
Advenir at The Meadows Midland, TX / 320 Units
Year Built:
1981
Acquired:
2019
Total Capitalization:
$41,650,000
Equity:
Private
Financing:
Freddie Mac 7 year term, 3 years IO
Current Cash Return:
8%
Website Link:
https://www.adveniratthemeadows.com/
TURNBURY AT PALM BEACH GARDENS
TURNBURY AT PALM BEACH GARDENS PALM BEACH GARDENS, FLORIDA / 542 UNITS
Year Built:
1974
Acquired:
2018
Total Capitalization:
$106,500,000
Equity:
Private
Financing:
Freddie Mac Value Add "CME", 5 years IO
Current Cash Return:
7%
Website Link:
https://www.turnburyatpalmbeachgardens.com/apartments-palm-beach-gardens-florida/
ADVENIR AT CASTLE HILL
ADVENIR AT CASTLE HILL Clermont, FL (Orlando MSA) / 328 Units
Year Built:
2017
Acquired:
2018
Total Capitalization:
$72,425,000
Equity:
Private
Financing:
Freddie Mac 10 year term, full term I/O
Current Cash Return:
6%
Website Link:
https://www.adveniratcastlehill.com/advenir-at-castle-hill-clermont-fl/
ADVENIR AT UNIVERSITY PARK
ADVENIR AT UNIVERSITY PARK MIAMI, FL / 302 UNITS
Year Built:
1993
Acquired:
2018
Total Capitalization:
$67,720,000
Equity:
Private
Financing:
Freddie Mac 10 year term, 5 years IO
Current Cash Return:
7%
Website Link:
https://www.adveniratuniversitypark.com/advenir-at-university-park-miami-fl/
ADVENIR AT COCOPLUM
ADVENIR AT COCOPLUM COCONUT CREEK, FLORIDA / 360 UNITS
Year Built:
1987
Acquired:
2017
Total Capitalization:
$73,930,000
Equity:
Institutional
Financing:
Freddie Mac, 7 year term, 3 years IO
Current Cash Return:
10%
Website Link:
http://www.adveniratcocoplum.com/
ADVENIR AT GATEWAY LAKES
ADVENIR AT GATEWAY LAKES SARASOTA, FLORIDA / 358 UNITS
Year Built:
1996
Acquired:
2017
Total Capitalization:
$67,035,000
Equity:
Institutional
Financing:
Freddie Mac, 7 year term, 3 years IO
Current Cash Return:
10%
Website Link:
http://www.adveniratgatewaylakes.com
ADVENIR AT STATION 121
ADVENIR AT STATION 121 BIRMINGHAM, ALABAMA / 255 UNITS
Year Built:
2010
Acquired:
2017
Total Capitalization:
$59,825,000
Equity:
Private
Financing:
Freddie Mac Credit Line, 4 year term, 4 years IO
Current Cash Return:
8%
Website Link:
http://www.adveniratstation121.com/advenir-station-121-birmingham-al/
ADVENIR AT AVENTINE
ADVENIR AT AVENTINE NAPLES, FLORIDA / 350 Units
Year Built:
2002
Acquired:
2017
Total Capitalization:
$73,950,000
Equity:
Private
Financing:
Freddie Mac, 7 year term, 3 years IO
Current Cash Return:
8%
Website Link:
http://www.advenirataventine.com/advenir-at-aventine-naples-fl/
ADVENIR AT LAKE CHARLES
ADVENIR AT LAKE CHARLES LAKE CHARLES, LOUISIANA / 224 Units
Year Built:
2000
Acquired:
2017
Total Capitalization:
$34,970,000
Equity:
Private
Financing:
Freddie Mac, 7 year term, 2 years IO
Current Cash Return:
8%
Website Link:
http://www.adveniratlakecharles.com/advenir-at-lake-charles-lake-charles-la/
ADVENIR AT THE PRESERVE
ADVENIR AT THE PRESERVE BAYTOWN TEXAS / 272 UNITS
Year Built:
1999
Acquired:
2017
Total Capitalization:
$29,799,846
Equity:
Private
Financing:
Loan Assumption
Current Cash Return:
8%
Website Link:
http://www.adveniratthepreserve.com
ADVENIR AT BEAR VALLEY
ADVENIR AT BEAR VALLEY LAKEWOOD COLORADO / 230 Units
Year Built:
1977
Acquired:
2017
Total Capitalization:
$42,028,000
Equity:
Private
Financing:
Freddie Mac Value Add "CME", 5 years IO
Current Cash Return:
8%
Website Link:
http://www.advenirliving.com/Home.aspx
ADVENIR ON ADDISON
ADVENIR ON ADDISON DALLAS TEXAS / 264 UNITS
Year Built:
1994
Acquired:
2017
Total Capitalization:
$47,500,000
Equity:
Private
Financing:
Freddie Mac Credit Line, 4 year term, 4 years IO
Current Cash Return:
8%
Website Link:
http://www.advenirliving.com/Home.aspx
ADVENIR AT EAGLE CREEK
ADVENIR AT EAGLE CREEK HOUSTON TEXAS / 258 UNITS
Year Built:
2008
Acquired:
2016
Total Capitalization:
$30,280,000
Equity:
Private
Financing:
Freddie Mac, 10 year term, 5 years IO
Current Cash Return:
10%
Website Link:
http://www.advenirateaglecreek.com/
ADVENIR AT DEL ARTE TOWNHOMES
ADVENIR AT DEL ARTE TOWNHOMES Denver, Colorado / 90 Units
Year Built:
2001
Acquired:
2016
Total Capitalization:
$18,700,000
Equity:
Private
Financing:
Freddie Mac, 10 year term, 5 years IO
Current Cash Return:
10%
Website Link:
http://www.adveniratdelartetownhomes.com/
ADVENIR AT FRENCH QUARTER
ADVENIR AT FRENCH QUARTER AURORA COLORADO / 436 UNITS
Year Built:
1973 / 2014
Acquired:
2016
Total Capitalization:
$70,850,000
Equity:
Private
Financing:
Freddie Mac, 10 year term, 5 years IO
Current Cash Return:
10%
Website Link:
http://www.adveniratfrenchquarter.com/
ADVENIR AT PRESTONWOOD
ADVENIR AT PRESTONWOOD DALLAS, TEXAS / 208 UNITS
Year Built:
1994
Acquired:
2016
Total Capitalization:
$35,710,000
Equity:
Private
Financing:
Freddie Mac, 10 year term, 5 years IO
Current Cash Return:
10%
Website Link:
http://www.adveniratprestonwood.com/
ADVENIR AT THE MED CENTER
ADVENIR AT THE MED CENTER HOUSTON, TEXAS / 320 UNITS
Year Built:
2001
Acquired:
2016
Total Capitalization:
$46,450,000
Equity:
Private
Financing:
Freddie Mac, 10 year term, 5 years IO
Current Cash Return:
10%
Website Link:
http://www.adveniratthemedcenter.com/
ADVENIR AT THE OAKS
ADVENIR AT THE OAKS Ocoee, Florida / 408 Units
Year Built:
1984/1991
Acquired:
2016
Total Capitalization:
$51,515,000
Equity:
Private
Financing:
Freddie Mac 7 year term, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.advenirattheoaks.com
ADVENIR AT BISCAYNE SHORES
ADVENIR AT BISCAYNE SHORES North Miami, Florida / 240 Units
Year Built:
2014
Acquired:
2016
Total Capitalization:
$56,800,000
Equity:
Institutional
Financing:
Freddie Mac 7 year term, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratbiscayneshores.com
ADVENIR AT WYNSTONE
ADVENIR AT WYNSTONE Houston, Texas / 258 Units
Year Built:
2008
Acquired:
2016
Total Capitalization:
$28,500,000
Equity:
Private
Financing:
Freddie Mac 7 year term, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratwynstone.com
ADVENIR AT GRAND PARKWAY WEST
ADVENIR AT GRAND PARKWAY WEST Houston, Texas / 336 Units
Year Built:
2015
Acquired:
2016
Total Capitalization:
$43,550,000
Equity:
Private
Financing:
Loan Assumption
Current Cash Return:
10%
Website Link:
http://www.adveniratgrandparkwaywest.com
ADVENIR AT MAGNOLIA
ADVENIR AT MAGNOLIA Orlando, Florida / 272 Units
Year Built:
1976
Acquired:
2016
Total Capitalization:
$22,900,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratmagnolia.com
ADVENIR AT STONE PARK
ADVENIR AT STONE PARK Houston, Texas / 480 Units
Year Built:
2007
Acquired:
2016
Total Capitalization:
$55,380,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratstonepark.com/
ADVENIR AT CHERRY CREEK SOUTH
ADVENIR AT CHERRY CREEK SOUTH Denver, Colorado / 292 Units
Year Built:
1978
Acquired:
2016
Total Capitalization:
$46,300,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratcherrycreeksouth.com/
ADVENIR AT CHERRY CREEK NORTH
ADVENIR AT CHERRY CREEK NORTH Denver, Colorado / 345 Units
Year Built:
1972
Acquired:
2016
Total Capitalization:
$44,400,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratcherrycreeknorth.com/
ADVENIR AT MILAN
ADVENIR AT MILAN HOUSTON, TEXAS / 360 UNITS
Year Built:
2006
Acquired:
2015
Total Capitalization:
$47,550,000
Equity:
Institutional
Financing:
Freddie Mac 10 year term, 5 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratmilan.com/
ADVENIR AT DEL ARTE
ADVENIR AT DEL ARTE Aurora, Colorado / 351 units
Year Built:
1986
Acquired:
2015
Total Capitalization:
$56,800,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratdelarte.com/
ADVENIR AT WOODBRIDGE RESERVE
ADVENIR AT WOODBRIDGE RESERVE SUGARLAND, TEXAS / 288 UNITS
Year Built:
2004
Acquired:
2015
Total Capitalization:
$44,300,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratwoodbridge.com/
ADVENIR AT LA COSTA
ADVENIR AT LA COSTA BOYNTON BEACH, FLORIDA / 328 UNITS
Year Built:
1986
Acquired:
2015
Total Capitalization:
$42,440,000
Equity:
Private
Financing:
Freddie Mac 10 year term, 5 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratlacosta.com/
ADVENIR AT FRANKFORD SPRINGS
ADVENIR AT FRANKFORD SPRINGS DALLAS, TEXAS / 332 UNITS
Year Built:
1999
Acquired:
2015
Total Capitalization:
$43,360,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratfrankfordsprings.com/
ADVENIR AT MONTERREY
ADVENIR AT MONTERREY VENICE, FLORIDA / 243 UNITS
Year Built:
1988
Acquired:
2015
Total Capitalization:
$27,626,737
Equity:
Institutional
Financing:
Freddie Mac 10 year term, 5 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratmonterrey.com/
ADVENIR AT WYNDHAM
ADVENIR AT WYNDHAM Longmont, Colorado/360 units
Year Built:
1990
Acquired:
2014
Total Capitalization:
$55,161,860
Equity:
Institutional
Financing:
Freddie Mac 10 year term, 5 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratwyndham.com/
ADVENIR AT WILDWOOD
ADVENIR AT WILDWOOD Longmont, Colorado / 210 units
Year Built:
1988
Acquired:
2014
Total Capitalization:
$32,829,650
Equity:
Private
Financing:
Freddie Mac 10 year term, 5 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratwildwood.com/
ADVENIR AT BANYAN LAKE
ADVENIR AT BANYAN LAKE Boynton Beach, Florida/288 units
Year Built:
1986
Acquired:
2014
Total Capitalization:
$33,275,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratbanyanlake.com/
ADVENIR AT LOWRY
ADVENIR AT LOWRY Denver, Colorado/326 units
Year Built:
1973
Acquired:
2014
Total Capitalization:
$39,450,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 2 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratlowry.com/
ADVENIR AT SPRING CANYON
ADVENIR AT SPRING CANYON Spring Canyon, Colorado / 292 units
Year Built:
1997
Acquired:
2014
Total Capitalization:
$44,520,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 1 year I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratspringcanyon.com/
ADVENIR AT WALDEN LAKE
ADVENIR AT WALDEN LAKE Miami, Florida / 400 units
Year Built:
1986
Acquired:
2013
Total Capitalization:
$48,091,000
Equity:
Private
Financing:
Freddie Mac 10 year term, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratwaldenlake.com/
ADVENIR AT STAPLETON
ADVENIR AT STAPLETON Denver, Colorado / 420 units
Year Built:
1972/2005
Acquired:
2012
Total Capitalization:
$51,530,000
Equity:
Private
Financing:
Freddie Mac 10 year term, 5 years I/O
Current Cash Return:
10%
Website Link:
http://www.stapletonapts.com
ADVENIR AT POLOS EAST
ADVENIR AT POLOS EAST ORLANDO, FLORIDA / 308 UNITS
Year Built:
1991
Acquired:
2012
Total Capitalization:
$30,380,000
Equity:
Private
Financing:
Freddie Mac 10 year term, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.poloseastapts.com
ADVENIR AT SAN TROPEZ
ADVENIR AT SAN TROPEZ PEMBROKE PINES, FLORIDA / 220 UNITS
Year Built:
1973
Acquired:
2012
Total Capitalization:
$41,600,000
Equity:
Private
Financing:
Freddie Mac 10 year term, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.santropez-apts.com
ADVENIR AT LYME STONE RANCH
ADVENIR AT LYME STONE RANCH NEW SMYRNA BEACH FLORIDA / 216 UNITS
Year Built:
2004
Acquired:
2004
Total Capitalization:
$17,700,000
Equity:
Private
Financing:
Current Cash Return:
10%
Website Link:
http://www.lymestoneranch.com/

Real Estate Investment Company


Founded in 1996, Advenir, Inc. is a Real Estate Investment Company headquartered in Aventura, Florida (Miami-Dade). Advenir acquires and operates multi-family rental communities throughout the United States, on behalf of high net worth and institutional investors. Since inception, Advenir has owned and operated more than 25,000 apartment units valued at just under $3.7 Billion. Our current portfolio consists of 13,000 apartment units valued at more than $2.3 Billion. In addition to Advenir, Inc., Advenir has a Property Management Company with 350 employees and regional offices in Florida, Texas, and Colorado; and a Construction Management Company focused on multifamily development and rehabilitation.

Investment Criteria 


Advenir's acquisition focus is on mid 1980s vintage or newer Class “A” and “B” value-add multi-family assets in locations that feature strong infill dynamics, established competition, population in-migration, job growth, and high barriers to entry. The intrinsic value of these assets is unlocked through a combination of sound financing strategies, calculated renovations and aggressive management.

Key factors that drive Advenir's investments are:
  • Purchase multifamily assets well below replacement costs in markets with high barriers to entry
  • Seek favorable debt terms in current capital market conditions
  • Create value through superior operational execution and sell at peak periods
  • Leverage dynamic markets to increase net operating income
  • Be best in our competitive set, and compete with class A product at a significant rental discount
  • Foster co-beneficial and long-term relationships with sellers and brokers
  • Establish a reputation as a known and trusted buyer in our target markets

Latest News

Advenir Disposition: Advenir@The Village Oct 30, 2018

We have concluded the investment in Village with amazing results after owning the property only 3.2 years, thanks to timing, management execution, and...Read More

Advenir Acquisiton: Miami, FL Aug 15, 2018

https://therealdeal.com/miami/2018/08/16/advenir-drops-60m-on-apartment-complex-near-fiu/The Rilea Group sold an apartment complex near Florida Intern...Read More

Advenir Disposition: Advenir@Park Boulevard Jul 30, 2018

We are delighted to announce the closing of the Advenir@Park Boulevard investment, and are extremely pleased with the results. The property was h...Read More

Advenir Disposition: Advenir@Mansfield Jun 29, 2018

We are delighted to announce the closing of the Advenir@Mansfield investment and are extremely pleased with the results. The property was he...Read More

Advenir Acquisiton: Orlando MSA Jun 26, 2018

https://www.multihousingnews.com/post/orlando-community-lands-48m-acquisition-loan/Berkadia has secured a $47.7 million acquisition loan for Veve at C...Read More

Advenir Acquisition: 542 Units - Palm Beach County, FL Feb 05, 2018

https://www.multihousingnews.com/post/advenir-acquires-nearly-100m-south-fl-community/ http://www.listinglab.com/email/campaign_online.cfm?b=2DD7B18...Read More

Advenir Acquires South Florida Portfolio Oct 06, 2017

http://www.listinglab.com/email/campaign_online.cfm?b=73C4DE5A-C6FD-DC1D-746CC59B88FA8868ARA Newmark announces the sale of a 718-unit multihousing por...Read More

Advenir Acquisition: 350 Units - Naples, FL Jul 21, 2017

https://therealdeal.com/miami/2017/07/23/aventura-firm-buys-naples-rentals-for-67m/Read More

Individual commitment to a group effort, that is what makes a team work, a company work, a society work, a civilization work.
--Vince Lombardi.

ACQUISITIONS

2017 ACQUISITIONS

Acquired: 8
Location: Florida (3), Texas (2), Colorado, Louisiana, Alabama
Total Units: 2,313
Total Capitalization: $426,867,060
Financing Originated: $300,122,846
Total Equity: $126,744,214
Average Cash Flow to Equity Year 1: 8.74%
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DISPOSITIONS

2017 DISPOSITIONS

Dispositions: 3 Properties
Location: Florida, Texas, Colorado
Total Units: 1,020
Total Sales Volume: $156,250,000
Average Equity Multiple: 2.03x
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