Current Equity Raise
The Avery Orlando
100 Avery Village Loop, Orlando, FL 32825
Link to The Avery Orlando Data Room
Link to The Avery Orlando Picture Movie
200 Units
Constructed 2022
Acquired in October 2024
Property Managment: Avanti Residential
Centennial State Capital, in partnership with Avanti Residential, is excited to present The Avery, a 200 unit Class A apartment property located in Orlando, FL.
This Class A luxury garden four-story elevator-served apartment community was constructed in 2022. The modern and spacious units are designed with open-concept floorplans, granite countertops, in-suite, full size washer and dryers, private balconies, 9-foot ceilings, and large walk-in showers. 200 units are spread across 5 total buildings that sit on 8 acres.
The property has a comprehensive amenity package featuring a zero-entry resort style pool, outdoor kitchen with fire pit and dining areas, state of-the art fitness center, coworking stations, and a resident clubroom with a gaming area.
The Avery's rental demographics are impressive, with current residents having a median household income exceeding $100K and an average age of 33 years. This resident demographic is characterized as an ‘experienced working professional prior to household formation’, which is a highly attractive renter profile supported by future demand.
The Avery is situated within East Orlando near the confluence of highways SR-50, SR-408 and SR-417 which intersect at close proximity to the property and provide easy access to Downtown and west Orlando as well as The Space Coast, approximately 35 minutes east. The submarket benefits from its high paying jobs, an established favorable residential reputation, and limited supply risk due to zero market rate multifamily units currently under construction.
Currently Owned Properties
The Point at Bella Grove
8310 Bella Grove Cir, Sarasota, FL 34243
180 Units
Constructed in 2017
Acquired in September 2022
Property Management: Greystar
The Point at Bella Grove is an institutional grade, class A+, garden style, multifamily community located in Sarasota, FL.
The Point at Bella Grove's 180 units are situated in seven buildings on a 10 acre property.
The garden style buildings are 3 and 4 stories.
This Point at Bella Grove was constructed in 2017.
The modern and spacious units are have open-concept floorplans,
granite countertops, in-suite, full size washer and dryers, private
balconies, 9-foot ceilings, and large walk-in showers.
The Overland
2065 South Cherokee St. Denver, CO 80223
140 Units
Constructed in 2021
Acquired in February 2022
Property Management: Greystar
The Overland is a Class A apartment community constructed in 2021 and located in Denver’s dynamic South Broadway (“SoBo”) neighborhood, just 10-minutes from downtown Denver.
This is an eight-story, best-in-class, mixed-use asset comprised of 140 luxury apartment homes and 3,929 SF of ground-level retail.
The SoBo neighborhood is home to an eclectic mix of restaurants, breweries, boutique shops and entertainment amenities.
The Overland is supported by a true Transit-Oriented Location just 2 blocks from the Evans Light Rail Station, allowing residents seamless accessibility to downtown Denver.
Sold Properties
The Villas at Mountain Vista Ranch
The Villas at Mountain Vista Ranch
16630 N Reems Rd, Surprise, AZ 85374
www.villasvistaranchbyavanti.com
256 Units
Constructed in 2003
Acquired in June 2021
Sold in July 2022
Investor IRR: 95% (net of fees)
Investor Equity Multiple: 2.02x (net of fees)
Located in Phoenix's West Valley, the Villas at Mountain Vista Ranch is a 256 unit garden style apartment property.