AVANTA Residential is pleased to announce the closing of an $8 million preferred equity investment for the development of Boardwalk Village, marking the company's second preferred equity investment. This investment underscores Avanta's commitment to supporting the growth of the Build-to-Rent industry while reinforcing its strategic focus on preferred equity investing.

Boardwalk Village will include 203 high-quality patio homes to meet the growing demand in the area. Strategically located 30 miles from downtown Houston and just north of the Woodlands, the community will benefit from access to the amenities of both areas via I-45. In addition, Boardwalk Village is in the Conroe Independent School District which ranks as the best in Montgomery County and one of the best school districts in the state of Texas. Major employers close by include Exxon Mobile, HP and Southwestern Energy.

Boardwalk Village will feature a diverse mix of 24 studio, 80 one-bedroom, and 99 two-bedroom detached patio home units and two-story flats. In addition to the thoughtfully designed floor plans, the community includes a resident lounge, community kitchen/grills, leasing office, resort style community pool, dog park, recreational space, firepits, and grilling stations with picnic areas, enhancing the lifestyle and convenience for residents. HMF Americana will serve as the master developer of Boardwalk Village.

"This $8 million preferred equity investment is a testament to Avanta's commitment to growth and excellence in the build-to-rent sector," said Peter Spier, President of Avanta Residential. "Strategically located near downtown Houston and The Woodlands, and within the exceptional Conroe Independent School District, Boardwalk Village blends modern living with accessibility. We are thrilled to partner with HMF Americana to bring this project to life."

About AVANTA

AVANTA Residential is a private real estate investment company focused exclusively on the Build-To-Rent (BTR) industry. The Company develops, acquires and invests in BTR communities across the United States. In addition, AVANTA invests in third-party BTR projects and has the flexibility to structure investments with common equity, preferred equity, and other joint venture solutions with qualified sponsors and well-conceived projects.

AVANTA was created from the deep experience of Hunt Companies Inc., a diversified, family-owned holding company responsible for completing more than $8.5 billion in real estate development and more than 70,000 single-family rental homes across the United States, 61,000 of which are still owned and operated today. In 2021, Invesco Real Estate, a global real estate investment manager, acquired a majority interest in AVANTA. For more information, please visit www.avantaresidential.com.

About Invesco Real Estate

Invesco Real Estate is a global real estate investment management business with $86.4 billion in real estate assets under management, 607 employees and 21 regional offices across the U.S., Europe and Asia as of June 30, 2024. Invesco Real Estate invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.

About Invesco Ltd.

Invesco Ltd. (NYSE:IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive, and alternative investment capabilities. With offices in more than 20 countries, Invesco managed $1.8 trillion in assets on behalf of clients worldwide as of September 30, 2024. For more information, visit www.invesco.com.

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Media Contact

Stephanie Sierra

Stephanie.sierra@huntcompanies.com

915/342-4565

AVANTA Residential Announces Preferred Equity Investment for Boardwalk Village