Walker & Dunlop Arranges Joint Venture Agreement for Build-for-Rent Developer, Avanta Residential, and Invesco Real Estate

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BETHESDA, Md., Nov. 18, 2021 /PRNewswire/ — Walker & Dunlop, Inc. announced today that it structured a joint venture partnership between Avanta Residential, a build-for-rent (BFR) developer, and Invesco Real Estate, a global real estate investment manager. As part of the transaction, Invesco Real Estate acquired 75% of Avanta Residential, which is developing more than 20 neighborhoods and approximately 5,000 homes. Formed in 2020, Avanta plans to create over 40 neighborhoods over the course of the next several years.

Walker & Dunlop’s dedicated BFR team served as exclusive advisor to Avanta Residential and helped the firm identify a joint venture partner to provide both funds and support as they execute their business plan. The team partnered with Dallas-based Invesco Real Estate for the joint venture. In addition to facilitating the transaction, the Walker & Dunlop team played a key role in developing the terms of the agreement as well as support…

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