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Avanta
3033 E 1st Ave., Suite 815
Denver, CO 80206
(915) 533-1122
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Paige Shipp
Paige Shipp (Dallas, TX) serves as the Director of Development for Texas. Paige has worked in the new home industry for over 20 years and her diverse experience includes land acquisition and development, consulting, market research, and land banking. Prior to joining Avanta, Paige was the Dallas-Ft. Worth Regional Director for Zonda advising top home builders, developers, and financial institutions on how to navigate housing and economic market conditions. She also worked at John Burns Real Estate Consulting conducting feasibility studies and strategic planning engagements in Texas and across the US. Paige earned her Bachelor of Landscape Architecture from the University of Illinois at Urbana-Champaign. She is an active member of the Urban Land Institute and serves as Chair of the Community Development National Product Council.
Bud Rogers
Bud Rogers (Atlanta, GA) serves as a Development Manager for the Southeast Region. Prior to working with Avanta, Bud was a Vice President for a developer and builder in Atlanta, GA where he was responsible for developing and executing internal and external business plans that increases revenues and profits via new home sales. Bud worked in the Southeast as a Director at Metrostudy; helping banks, developers and builders maximize real estate opportunities using Metrostudydata. He has also worked as a VP of Sales and Marketing, closing more than 500 annual sales. Bud has extensive experience with inside and outside level sales and sales management, budget management, sales training and recruiting, marketing management, e-marketing strategy, land development feasibility and market analysis, business development, and product development. Bud is a graduate of Ball State University’s College of Architecture and Urban Planning.
Ken Kamastra
Ken Kamastra (Denver, CO) serves as a Development Manager for the Colorado and Texas Regions. Ken joined Avanta in June 2021 bringing more than 20 years of experience in multifamily housing investment, development and operations. While at Simpson Housing, Ken was involved in the acquisition and development of more than $750 million of multifamily and mixed-use projects in Texas, Colorado and California. Ken earned a Bachelor of Science degree in Business Administration from Azusa Pacific University. He also earned a Master of Business Administration and Master of Science in Real Estate Urban Land Economics degrees from the University of Wisconsin – Madison.
Jose R. Pizarro
Jose R. Pizarro (Chicago, IL) Serves as Avanta’s Vice President of Acquisitions responsible for underwriting potential investments, obtaining investor approvals, as well as asset management, performance reporting, and data analytics for Avanta. Prior to joining the Hunt Development Group team in 2015, Mr. Pizarro was a member of Hunt Mortgage Group in the Agency Debt and Affordable Housing Debt groups, where he was responsible for sourcing, screening, and underwriting potential transactions. Jose earned a Bachelor of Science degree in Economics and a Bachelor of Arts in Statistics (Cum Laude) from the University of South Florida in 2008 and a Master of Business Administration degree in Real Estate and Finance (with Distinction) in 2015 from DePaul University.
Penny Bradbury
Penny Bradbury (Denver, CO) serves as Avanta’s Director of Capital Markets. Penny brings 30 years of industry experience in commercial real estate loan origination, loan underwriting, and asset management. Prior to joining Avanta, Penny’s most notable positions were held at JPMorgan Chase as a Client Manager originating both multifamily and commercial loans in Denver and Boulder and most recently as an agency lender for Hunt Real Estate Capital originating loans in Colorado and other western states. Her strengths include commercial property valuation and underwriting, loan document negotiation, purchase contract negotiation, and closing coordination. She has a Bachelor of Business Administration specializing in Banking and Finance from the University of Mississippi. Penny and her husband reside in Englewood, CO and have four children together.
Peter Spier
Peter Spier serves as a Managing Director of Avanta Residential with a primary emphasis on investment and development strategy, deal-sourcing, and capital markets activities. His professional background includes more than 20 years of experience in the development, operation, and financing of multiple types of real estate, with deep knowledge of office, medical-office, and multifamily assets.
Mr. Spier’s responsibilities include asset management of a national portfolio of 2,700 affordable housing units, development of a high-rise office building, and multiple market-rate multifamily projects.
Paul Crabtree
Paul Crabtree (Denver, CO) serves as Avanta’s Vice President of Finance and Accounting and oversees financial planning, budgeting, forecasting, cash flow, shareholder communications, and reporting at Avanta. In addition, Paul and his team are responsible for managing financial risks, project and portfolio analysis, record keeping, and banking lines of credit. He has 20 years of accounting and finance experience in Private Equity, Real Estate, and Public Accounting. Before joining Avanta Residential, Paul led the finance, accounting, reporting, treasury, risk management, and property management functions for Confluent Development, a private equity and institutional funded developer focused on mixed-use, industrial, and senior living development with $950m in development in 22 states during his tenure. In addition, Paul worked for Real Capital Solutions, where he was responsible for all accounting and reporting functions of domestic and international condo, apartment, land, and residential development with $1 billion in construction projects. Paul holds a BBA in Accounting and a BBA in Finance from Abilene Christian University.
Robert Kelley
Robert Kelly (Lindale, TX) serves as Vice President of Construction and Development for Avanta and is a Senior Vice President of Hunt Development Group. As an Avanta team member, Robert focuses primarily on structuring and negotiating construction contracts and administering and managing those contracts during the construction phase of Avanta projects – all with a focus on controlling construction costs and minimizing and managing construction risk. Robert brings forty years of development and construction experience to Avanta. Robert joined Hunt’s construction division as a construction manager in 1993 and transitioned to the Development Group in 1999. Since joining the development team, Robert has managed the development of projects with construction budgets up to $600 million. Prior to joining Hunt, Robert worked for a civil engineering firm for 12 years. Robert received a Bachelor of Science degree from the University of Texas at Tyler and a Master of Business Administration degree from San Diego State University.
Terence Johnson
Terence Johnson, Director of Development, has more than 22 years of design and project management experience in multiple real estate sectors, and is especially skilled at providing design while reducing overall construction and maintenance costs. Mr. Johnson’s responsibilities include renovation and new construction activities with a focus on architectural design, project management, tenant coordination, site selection analysis, leasehold review, building and construction standards development, capital budget review and preparation, contract administration, and legal reviews.
Site Requirements
Avanta Residential is focused on purchasing raw land and/or lots to create Single Family Residential Neighborhoods (“SFR Neighborhoods”) available for rent. The following criteria are used to determine the suitability of lots and sites.
LAND TYPE
- A dedicated area of land, a phase or phases, or pod, in a subdivision that can accommodate a mix of home types.
- The ideal completed project size is between 150 and 225 homes.
- Two subdivisions that can yield an aggregate of 150+ homes within one mile of each other will be considered.
- Two phases which will yield 150+ units within 24 months will be considered.
BUILDING TYPE
- Single Family Home, duplex, triplex, or 4 plex configuration.
- Grouped together in a non-gated community with publicly dedicated streets.
- One dwelling unit on each tax parcel is typical but not required.
- 8 to 15 dwelling units, per acre. Density accomplished via zero lot lines and row houses. Density is dependent on the site conditions and local requirements.
- Parking is accommodated with attached garages, parking pads, guest parking areas and occasionally, on-street parking.
- One story and two-story buildings.
LOCATION
- A greatschools.com rating of 7 or more is preferable. Often, charter schools will be available to overcome low public-school ratings.
- Crime ratings below the EASI Demo national average of 100 are preferred.
- Population growth in the submarket should be above 3% and should be greater than that of the local MSA.
- Median Household Income in a 1-mile and 5-mile radius should be greater than the local MSA.
- Median Home Values in a 1-mile and 5-mile radius should be greater than the local MSA.
- A national grocery store should be located within 5 miles.
- A multi-tenant shopping center from 150,000 to 300,000 square feet should be located within 10 miles. Interested in working with us? E-mail: marketing@avantaresidential.com
Avanta
4401 N. Mesa St.
El Paso, TX 79902
(915) 533-1122
4401 N. Mesa St.
El Paso, TX 79902
(915) 533-1122