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Avanta
3033 E 1st Ave., Suite 815
Denver, CO 80206
(915) 533-1122
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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.
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.
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.
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