Home Rental industry Avanta Residential Reaches Financial Close for Westgate Homes in Jacksonville, Florida

Avanta Residential Reaches Financial Close for Westgate Homes in Jacksonville, Florida


DENVER, August 12, 2022 /PRNewswire/ — Avanta Residential today announced that the business has closed on approximately 20 acres on two lots adjacent to Jacksonville, Florida to develop a built-to-let community. The community, called Avendale in Westgate, marks Avanta’s first project in Florida.

The single-family rental community will consist of 157 two- and three-bedroom luxury townhouses averaging 1,516 square feet. Community amenities will include a rental center, clubhouse and resort-style swimming pool, and provide connectivity to an adjacent city park with a playground, soccer fields and open spaces.

“We are delighted to expand our presence in Florida,” said Terence Johnson, Senior Vice President of Development. “Avendale’s location in Westgate is ideal, with its proximity to national retailers as well as major employers.”

Avendale at Westgate is located in a rapidly growing area of Jacksonville just south of Beach Boulevard and just 3.5 miles from downtown St. Johns, a major retail and dining destination featuring many national retailers including Apple, Nordstrom, Target, TopGolf and Publix Grocery. Major employers located near Avendale in Westgate include Johnson and Johnson, CEVA Logistics, St. Vincent’s Healthcare, Web.com and Deutsche Bank.

Avanta, headquartered in denver, was established in 2020 to cater to the increasingly popular purpose built single family rental industry. Avanta continues to strengthen its already experienced team to execute its development pipeline.

Avanta plans to deliver homes to Avendale in Westgate in 2023.

About Avanta

Avanta sets the standard in the construction communities for rent industry. Avanta was created from the deep experience of Hunt Companies Inc., a diversified family holding company with over $8.5 billion in completed real estate developments, including the development of over 70,000 single-family rental homes across United States, 50,000 of which are still owned and operated today. Avanta is committed to developing thoughtful, well-designed, and amenity-rich single-family homes for rent across the United States. Avanta is active in Texas, Florida, Georgiaand Colorado and expand its footprint. For more information, www.avantaresidential.com.

SOURCE Avanta Residential