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Granite Capital Group (GCG), a Santa Barbara, Calif. real estate investment firm with multiple Colorado holdings, has finalized the sale of Enclave Rigden Farm, a 105-unit townhome community in Fort Collins, to Avanti Residential, a nationwide multifamily investor, owner, and operator, for $40,875,000.
GCG has owned the townhome community since June 2017. The property features 2-and 3-bedroom rental townhomes with direct access garages on 4.37 acres. The property is located near extensive trail networks, parks, major employers, cultural amenities and Colorado State University.
“This sale represents a successful full-cycle investment and an outcome that aligns with the strategy we presented to our investors from the outset,” says Bruce Savett, GCG founder and CEO. “At a time when many deals are struggling under the weight of optimistic underwriting, we are proud that our conservative approach and long-term discipline produced the result we set out to achieve.”
The transaction was brokered by Berkadia and closed on February 25, 2026.
“Enclave Rigden Farm is a great townhome asset in Fort Collins,“ says Robert Bratley, Berkadia managing director. “The fundamentals in Fort Collins are the strongest in the state right now. This was a very competitive process with over 30 property tours, which shows Fort Collins is high on investors’ priorities.”
“Rigden Farm was a strong-performing asset in a market we know well. We’re pleased with the outcome for our investors and appreciate Berkadia’s execution on the disposition,” says Ashley Berglund, GCG director of acquisitions.
Other GCG properties in Colorado include Enclave Vista Ridge in Erie, Kipling Commons in Arvada, and Nova West Apartments in Longmont.
DENVER, Dec. 19, 2025 – Avanti Residential, a nationwide multifamily investor and operator, has broken ground on a new 78-unit build-to-rent townhome project located in Denver’s rapidly evolving Sun Valley neighborhood. This investment reflects the company’s long-term vision for thoughtful, community-driven development where housing is needed. Avanti Residential is partnering with Prospect and the Denver Housing Authority to make this project come to life.
As Sun Valley continues to take shape, this project contributes additional housing designed to support residents today and into the future.
The community, located just south of Mile High Stadium and west of the South Platte River, will feature larger-format residences with attached garages and select surface parking, responding to a clear gap in Denver’s housing supply. While one-bedroom apartments dominate the market, larger units remain limited, particularly in urban infill locations. According to Apartments.com, there are just 326 three-bedroom apartments available citywide, compared to more than 4,000 one-bedroom units. By delivering homes with space for families, couples, and active professionals, Avanti is helping diversify housing options within the city core.
“Avanti Residential is proud to join forces with the City of Denver and Prospect to bring high-quality townhome residences to Sun Valley as part of this vital neighborhood revitalization,” said Christian Garner, President and CEO of Avanti Residential. “Our new development is connected, outdoor-friendly, and built to last—delivering modern housing options that support families, working residents, and the community while fostering lasting growth and opportunity.”
“The Sun Valley Townhomes provide a living environment which young families need in the urban core as they transition from apartment living to homeownership,” said Scott McFadden, President of Prospect. “Denver’s high cost of housing has forced the average age for a first-time homebuyer to age 40 which has many households renting longer than they desire. The Sun Valley Townhomes will fill the demand from this group with large units, private entrances and garages in a professionally managed rental community.”
The new townhome project is strategically positioned next to the Platte River, where the new 11-acre Riverfront Park will commence construction next summer. The site offers direct access to downtown, employment centers, and regional transit.
“We’re proud to celebrate with our partners at Prospect LLC and Avanti as they break ground on 78 new market-rate rental townhomes in Sun Valley,” said Joaquín Cintrón Vega, CEO at the Denver Housing Authority. “This investment strengthens the neighborhood by welcoming new neighbors, adding vitality, and building on the affordable housing already here. It’s about creating a community where people from all walks of life can live, connect, and grow together.”
Residents will enjoy immediate access to more than 30 miles of multi-use paths connecting urban destinations with natural open space. By placing residents near shops, restaurants, and daily amenities, this new project contributes to a vibrant, walkable neighborhood and supports Sun Valley and the South Platte River corridor’s long-term revitalization.
About Avanti Residential
Avanti Residential is a nationwide investor, owner, and operator of multifamily communities, creating long-term value through acquisition, development, asset management, property management, renovation, and innovation. The firm invests across market-rate and affordable housing, including conventional multifamily communities and LIHTC development and preservation, with a focus on delivering high-quality, lifestyle-oriented housing.
With more than 12,000 units under management, Avanti operates a vertically integrated platform led by an executive team averaging 25 years of real estate investment experience. The firm is committed to thoughtful growth, strong operations, and generating compelling, risk-adjusted returns for institutional and private capital partners while strengthening the communities it serves. For more information, visit Avanti Residential.
About Prospect
Prospect is a Denver-based, multi-family housing development firm. Their expertise spans across various facets of multi-family housing, including luxury rentals, for-sale condominiums, and affordable rentals. Prospect strives to create quality living environments for our residents and successful real estate investments for our partners and principals.
Learn more about Prospect at http://prospectprop.com.
Avanti Residential President & CEO Chris Garner recently joined the Real Estate Market Watch podcast to share how Avanti is evolving our operating model and investment strategy in a changing multifamily real estate landscape.
In the episode, Chris walks through Avanti’s hybrid operations approach to better serve residents while improving scalability across our seven-state portfolio. He discusses how we’re using AI and process automation to enhance revenue performance and free up teams to focus on creating the exceptional resident experiences at the heart of our work.
Chris also touches on Avanti’s expansion into affordable housing, a move that builds long-term resilience and strengthens community partnerships. And with his candid take on today’s market cycle, he offers a grounded view of where opportunities lie as the market begins to turn the corner.
The conversation is a great window into the way we work — operating with discipline, innovating with purpose, and positioning for the future.
Listen to the episode on Apple Podcasts, Spotify, Amazon Music, YouTube or anywhere you listen to podcasts.
Caring for our residents, employees and communities has always been at the heart of who we are. Each year, Giving Week is our way of putting that value into action to lift up organizations that make a real difference.
Since launching in 2020, Giving Week has become one of our proudest annual traditions. By focusing on nonprofits, especially those that tackle housing insecurity, homelessness and vulnerable populations, we’ve been able to channel our collective energy into lasting change. Every year, we’re reminded that when compassion and collaboration come together, lives are transformed.
Building Momentum
In the first three years of Giving Week, our community raised $40,675. In 2023, that momentum surged to $128,364. Last year, thanks to the incredible generosity of employees, residents, investors, vendors and our Chairman Doug Andrews, we raised an astounding $187,724.
These results were made possible by lots of people giving what they could across the nation. Results like these prove that when small contributions add up, they create a ripple effect that leads to hope and opportunity.
What’s New in 2025
This year marks the sixth Giving Week, running from October 3–17, 2025. Over two weeks, Avanti regions will once again rally behind local nonprofits in a spirit of giving and friendly competition.
The charities selected this year continue our tradition of supporting organizations that provide stability, dignity and brighter futures:
Foster Kids KC is a dedicated non-profit organization in Kansas City, Missouri, with a mission to support and improve the lives of children in the foster care system. They work tirelessly to provide essential resources, advocacy and a supportive community for foster children and the families that care for them. By connecting foster families with valuable resources and offering educational support, they are making a profound difference in the lives of these vulnerable children.
Entryway Denver helps individuals and families experiencing or at risk of homelessness transition to stability through career training, full-time employment and housing opportunities. In Denver, they partner with the real estate industry to create life-changing pathways to independence.
Mile High United Way brings people together to solve some of Denver’s most pressing issues. From early childhood education and homelessness to food security and economic mobility — they’re uniting people, ideas and resources to advance the common good. Some of their main focuses include giving all children a strong start, supporting education and creating economic opportunity for all.
In Arizona, Entryway Arizona provides the same transformative boost to those facing housing insecurity. Their model equips people with the tools they need for long-term self-sufficiency by upskilling at-risk individuals, supporting their journey toward work-readiness in the multi-family housing industry.
In Florida, United Way Suncoast is working to mobilize communities to action so all can thrive. By focusing on educational opportunity, financial security and community resiliency, they’re creating an interconnected path that empowers individuals with the ability to create the life they envision for themselves, their families and their communities.
At Avanti, one of our guiding principles is to “Be A Good Citizen.” Giving Week is our collective opportunity to live out that value and extend our impact beyond our properties and workplaces.
We invite all employees, partners, residents and friends to join us in supporting this year’s campaign. Together, we can
help more children, families and individuals across the country build better foundations for better futures.
Make your pledge at: https://www.pledge.to/avanti-giving-week-2025
Raleigh, N.C. – August 2025 — East Carolina Community Development, Inc (“ECCDI”), a North Carolina nonprofit, and Avanti Residential Housing, an affiliate of Denver-based Avanti Residential, a national multifamily investor, owner and operator, announce a strategic partnership to develop Battle Bridge Apartments, a $50 million affordable housing community for seniors aged 55–plus. Construction is slated to begin in summer 2026, pending final local approvals.
Located along Battle Bridge Road, southeast of downtown Raleigh, the 32-acre community will feature 50 quad-style residential buildings with one- and two-bedroom units, a central clubhouse, walking paths and sitting areas situated within beautifully landscaped grounds. The project prioritizes social services, sustainability and energy efficient design. The first units are expected to be ready for occupancy in 2027.
“This project has been two years in the making and we’re grateful for the steadfast support from the City of Raleigh, Wake County and the NCHFA. Working together, we can ensure our seniors can live in the affordable, high-quality housing they deserve,” said Keith Walker, President and CEO of ECCDI.
“Avanti is proud to collaborate with ECCDI to create an exceptional living environment for seniors,” said Christopher Martiner, Managing Partner of Avanti Residential Housing. “This project underscores Avanti’s dedication to impactful, community-focused housing solutions.”
“This serves as a strong illustration of how public-private sector-led initiatives deliver affordable, high-quality housing for residents,” said Raleigh Council Member Corey Branch.
About ECCDI
East Carolina Community Development, Inc. (ECCDI) is a nonprofit organization dedicated to revitalizing communities and expanding access to quality, affordable housing across North Carolina. Since its founding in 1995, ECCDI has partnered with local governments, businesses, and residents to create safe, sustainable neighborhoods that foster economic growth and improve quality of life. Through innovative housing developments, community programs, and strategic partnerships, ECCDI works to ensure that individuals and families have the opportunity to thrive.
About Avanti Residential
Avanti Residential is a national investor, developer and owner-operator of lifestyle-forward market-rate and affordable multifamily communities, managing 11,000 units across eight states. Founded in 2005 and headquartered in Denver, Colorado, Avanti operates a vertically integrated platform led by a seasoned executive team, each with more than 25 years’ experience in the investment, operation and value creation of apartment communities. The company applies skilled real estate acumen in a culture of personal accountability and alignment to deliver exceptional value and attractive risk-adjusted returns for its institutional venture partners and private capital investors. https://avantiresidential.com and https://avanti-investments.com
Avanti Residential, a nationally recognized multifamily investor and operator, proudly announces the formation of its new affiliate, Avanti Residential Housing. This strategic expansion positions Avanti at the forefront of the affordable housing sector, with a particular emphasis on Low-Income Housing Tax Credit (LIHTC) development, acquisition, and preservation.
Guided by its mission to create high-quality, attainable housing while delivering attractive, risk-adjusted returns, Avanti Residential Housing represents a natural evolution of the firm’s commitment to responsible investing. The new, Tampa-based, affiliate will leverage Avanti’s extensive real estate expertise and financial acumen to address the critical shortage of affordable rental housing nationwide.
Leadership and Vision
Spearheading this initiative is Christopher Martiner, a seasoned industry executive with over 30 years of experience and a proven track record in affordable housing finance, development, and investment. Under his leadership, Avanti Residential Housing aims to become a national leader in the production and preservation of affordable multifamily communities, with a focus on maximizing LIHTC equity investments and leveraging public-private partnerships to drive sustainable growth.
“We see a tremendous opportunity to not only expand Avanti’s footprint but also to create long-term value for our investors by addressing one of the most pressing housing challenges in the country,” said Martiner, Managing Partner of Avanti Residential Housing. “With the increasing demand for affordable housing solutions, we are committed to delivering innovative, high-quality communities that serve both residents and stakeholders.”
Strategic Market Expansion
Avanti Residential Housing will initially focus on high-growth metropolitan markets, leveraging Avanti’s established presence and investment acumen. The company’s approach integrates forward-thinking design, sustainable development practices, and strong community engagement to ensure long-term success.
“The creation of Avanti Residential Housing represents an extension of our core values, enabling us to make a meaningful impact in underserved markets while continuing to provide compelling opportunities for institutional and private investors,” said Christian Garner, President and CEO of Avanti Residential. “Our long-term vision includes the establishment of a nonprofit arm dedicated to furthering our commitment to housing affordability.”
Building on a Strong Foundation
Avanti Residential currently operates a diverse portfolio encompassing approximately 10,000 units across 40 properties in seven states, including Colorado, Kansas, Missouri, Arizona, Florida, Utah, and Tennessee. With the launch of Avanti Residential Housing, the firm is poised to deepen its impact in the affordable housing space while maintaining its reputation for best-in-class multifamily investment and operational excellence.
For more information on Avanti Residential Housing and its affordable housing initiatives, please visit Avanti-Investments.com or contact Maddie Keast at mkeast@obicreative.com.
Avanti Residential, a nationwide multifamily investor and operator, is strengthening its vertically integrated investment platform with the formation of Avanti Residential Development. This strategic expansion enhances Avanti’s ability to execute ground-up multifamily and build-to-rent developments in core and emerging markets across the U.S.
Leading the newly established development arm is industry veteran Kyle J. Henderson, who brings over two decades of multifamily development expertise. Henderson has built and scaled development teams at premier national firms, making him well-positioned to drive Avanti’s expansion through disciplined site selection, innovative design, and operational efficiencies.
“Integrating in-house development into our investment and management platform provides Avanti with a distinct competitive advantage,” said Christian Garner, President & CEO of Avanti Residential. “By leveraging our market insights and operational expertise, we can create high-quality assets in strategic locations while enhancing value for both our investors and residents. This move not only strengthens our presence in existing markets but also serves as a catalyst for growth into new high-demand regions.”
Henderson echoed this vision, highlighting the strategic alignment between his team’s development capabilities and Avanti’s established investment platform. “Avanti has earned a strong reputation over the past two decades through a commitment to disciplined investing and exceptional asset management. By bringing development in-house, we can drive greater synergies, optimize project execution, and offer investors a broader range of partnership opportunities in high-growth markets.”
Avanti Residential continues to expand its portfolio, which now encompasses 9,363 units across 40 properties in seven states: Colorado, Kansas, Missouri, Arizona, Florida, Utah, and Tennessee. As the firm deepens its footprint in key metropolitan areas, it remains committed to delivering superior risk-adjusted returns while curating best-in-class multifamily living experiences.
Denver, CO – November 2024 – Avanti Residential is pleased to announce the acquisition of Beacon House Apartments, a 112-unit community located in Northglenn, Colorado. The property was acquired from MAXX Properties for $16.4 million. Shane Ozment, Terrance Hunt, Andy Hellman, Justin Hunt, Chris Hart and Brad Schlafer of CBRE represented the seller, MAXX Properties, in the transaction. Brady O’Donnell, Jill Haug, and Alex Scott of CBRE arranged a fixed rate Freddie Mac loan for Avanti Residential, providing accretive financing for the acquisition driven by the property’s mission driven percentage and strong Sponsorship.
Built in 1972, Beacon House is a unique value proposition with its mid-rise interior hallway design, a rare feature in the North Metro Denver market. The property is comprised of 72 one-bedroom and 40 two-bedroom units, averaging 774 square feet. Amenities include wood burning fireplaces, spacious closets, private balconies and lake views, along with quick access to I-25, clubroom and fitness center, on-site laundry facilities, and controlled building access.
”Our firm owns and operates the apartment community immediately adjacent to the south” said Jason Wine, Vice President of Acquisitions for Avanti Residential, “this will enable us to generate economies of scale from an operations standpoint but also create an enhanced disposition strategy for both assets.”
The acquisition of Beacon House underscores Avanti Residential’s commitment to expanding its presence in key markets and providing high-quality housing to residents. At $146,429 per unit, this acquisition represents a significant value-add opportunity for Avanti, especially considering the low price per unit relative to replacement cost and unique product offering.
Avanti Residential concludes a successful 2024 with the acquisition of Beacon House Apartments, bringing our portfolio to 9,604 units across 41 properties in eight states. As we continue to expand our footprint in key markets, we remain committed to providing exceptional living experiences and delivering strong returns for our investors.
About Avanti Residential
Avanti Residential is an experienced investor and owner-operator of lifestyle-forward multifamily communities in the U.S., with 9,604 units across eight states. Founded in 2005 and headquartered in Denver, Colorado, Avanti operates a vertically integrated platform led by a seasoned executive team, each with more than 25 years’ experience in the acquisition, operation and value creation of apartment properties. The company applies skilled real estate investment acumen in a culture of personal accountability and alignment to deliver exceptional value and attractive risk-adjusted returns for its institutional venture partners and private capital investors. https://avantiresidential.com
About CBRE Group, INC.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
DENVER, Oct. 29, 2024–– Avanti Residential, a nationwide multifamily investor and operator, and partner Centennial State Capital, are pleased to announce the acquisition of The Avery, a premier apartment community located in Orlando, Florida. The transaction closed on October 24, 2024, for a total price of $50,500,000.
The Avery, a 200-unit community completed in 2022, is situated at 1000 Avery Village Loop, Orlando, FL 32825. The property offers a luxury living experience including a resort-style pool, entertainment deck with an outdoor kitchen and fire pit, state-of-the-art fitness center, and clubhouse. The Avery boasts stylish apartment features, from luxury vinyl plank flooring and lofty 9foot ceilings to modern kitchens with stainless steel appliances. This most recent investment closed in partnership with Centennial State Capital, brings Avanti Residential’s total number of units in Florida to 1,829 across 7 assets, solidifying its presence in the state.
“Avanti is excited to expand its footprint in the Orlando area. The Avery allows our investors the opportunity to own a newly built asset at below replacement cost and peak rents within this micromarket. Furthermore, the asset’s location offers residents excellent access to Orlando’s key employment and educational hubs,” says Peter Partipilo, Director of Acquisitions.
Mark Henderson of Centennial State Capital shares, “at Centennial State Capital, we take pride in our ability to identify unique investment opportunities. This acquisition reflects the strength of our partnership with Avanti Residential and our shared commitment to investing in high-quality assets in growth markets like Orlando. Together, we’ve acquired a premier, newly built asset that will generate value for our investors and provide an exceptional living experience for residents.”
Avanti Residential continues to expand its portfolio and strengthen its position as a leading player in the multifamily industry. The company’s portfolio now reflects 9,604 units across 41 properties in eight states: Colorado, Kansas, Missouri, Arizona, Florida, Utah, Tennessee, and Georgia.
Avanti Residential is committed to providing exceptional living experiences for its residents and delivering strong returns for its investors. The company is actively seeking additional investment opportunities and remains focused on its growth objectives.
About Avanti Residential
Avanti Residential is an experienced investor and owner-operator of lifestyle-forward multifamily communities in the U.S., with 9,000+ units across eight states. Founded in 2005 and headquartered in Denver, Colorado, Avanti operates a vertically integrated platform led by a seasoned executive team, each with more than 25 years’ experience in the acquisition, operation and value creation of apartment properties. The company applies skilled real estate investment acumen in a culture of personal accountability and alignment to deliver exceptional value and attractive risk-adjusted returns for its institutional venture partners and private capital investors. https://avantiresidential.com
About Centennial State Capital
Centennial State Capital is a Colorado-based real estate investment firm specializing in acquiring, developing, and managing multifamily properties across the United States. CSC focuses on highperforming markets in thriving states, including Colorado, Arizona, Florida, Texas, and Utah. The firm is dedicated to preserving capital and generating robust, risk-adjusted returns for its investors through strategic acquisitions and development. https://centennialstatecapital.com