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Portfolio

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.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.advenirliving.com/Home.aspx
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.advenirliving.com/Home.aspx
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 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 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 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 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 THE VILLAGE
ADVENIR AT THE VILLAGE COLORADO SPRINGS, COLORADO / 310 UNITS
Year Built:
1969
Acquired:
2015
Total Capitalization:
$42,800,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratthevillage.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 PARK BOULEVARD
ADVENIR AT PARK BOULEVARD Grapevine, Texas / 216 units
Year Built:
1985
Acquired:
2014
Total Capitalization:
$24,000,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 2 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratparkboulevard.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 MISSION RANCH
ADVENIR AT MISSION RANCH Mesquite, Texas / 295 units
Year Built:
2000
Acquired:
2014
Total Capitalization:
$30,000,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 1 year I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratmissionranch.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 MANSFIELD
ADVENIR AT MANSFIELD Mansfield, Texas /334 units
Year Built:
2012
Acquired:
  2013
Total Capitalization:
$40,203,000
Equity:
Private
Financing:
Mansfield Freddie Mac 10 year term, 2 years I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratmansfield.com/
ADVENIR AT WALNUT CREEK
ADVENIR AT WALNUT CREEK Mansfield, Texas / 256 units
Year Built:
2002
Acquired:
2013
Total Capitalization:
$29,100,000
Equity:
Private
Financing:
Freddie Mac 7 year Cap ARM, 1 year I/O
Current Cash Return:
10%
Website Link:
http://www.adveniratwalnutcreek.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 BROADWATER
ADVENIR AT BROADWATER Orlando, Florida/408 Units
Year Built:
1987
Acquired:
2013
Total Capitalization:
$41,360,000
Equity:
Institutional
Financing:
Freddie Mac 10 year term, 2 years I/O
Current Cash Return:
10%
Website Link:
http://www.broadwaterapts.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 SADDLEROCK
ADVENIR AT SADDLEROCK Denver, Colorado / 320 units
Year Built:
2002
Acquired:
2012
Total Capitalization:
$47,483,000
Equity:
Institutional
Financing:
Freddie Mac 10 year term, 5 years I/O
Current Cash Return:
16%
Website Link:
http://www.saddlerockapts.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 CASTLE PINES
ADVENIR AT CASTLE PINES CASTLE PINES, COLORADO / 356 UNITS
Year Built:
2002
Acquired:
2012
Total Capitalization:
$54,000,000
Equity:
Institutional
Financing:
Freddie Mac 10 year term, 4 years I/O
Current Cash Return:
13%
Website Link:
http://www.castlepinesapts.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:
Mac 10 year term, 3 years I/O
Current Cash Return:
10%
Website Link:
http://www.santropez-apts.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 22,000 apartment units valued at just under $3.6 Billion. Our current portfolio consists of 12,000 apartment units valued at more than $1.7 Billion. In addition to Advenir, Inc., Advenir has a Property Management Company with 305 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

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

2016 ACQUISITIONS

Acquired: 13
Location: 3 in Florida, 6 in Texas, and 4 in Colorado
Total Units: 3,943
Total Capitalization: $551,939,000
Financing Originated: $388,309,000
Total Equity: $163,630,000
Average Cash Flow to Equity Year 1: 10.81%
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DISPOSITIONS

2016 DISPOSITIONS

Dispositions: 2 Properties
Location: 1 in Texas, 1 in Colorado
Total Units: 528
Total Sales Volume: $37,300,000
Average Equity Multiple: 2.33x
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