Avenue Living Closes $350M Series B Round

Avenue Living (2014) LP, a prominent private real estate owner-operator, has successfully secured $350,000,000 in new investment capital from investors. This significant funding round underscores the company's established position in the real estate sector and provides substantial resources for its ongoing operational and growth strategies. The capital infusion is a direct result of investor confidence in Avenue Living's business model and track record. Established in 2006, Avenue Living has grown to manage over $8.5 billion in assets across various real estate classes and geographies. The company specializes in identifying and acquiring underperforming real estate assets, which it then stabilizes through active management and targeted value-add initiatives. Its diverse portfolio includes more than 21,500 multi-family doors primarily in the North American Heartland, 10 million square feet of self-storage space across North America, and 50,000 acres under management within its agriculture funds. Avenue Living operates with an operations-first asset management philosophy, focusing on creating long-term value and preserving capital for its investors. This newly raised capital is expected to fuel Avenue Living's continued expansion and strategic objectives. The company plans to use the funds to pursue further growth initiatives, bolster its acquisition pipeline, and enhance its existing properties. This investment round is crucial for the firm as it aims to capitalize on market opportunities and reinforce its commitment to generating compelling returns for its investors, adding to the more than $2.9 billion in equity capital it has stewarded to date. Looking forward, Avenue Living is positioned to build upon its significant portfolio and continue its mission of providing safe, comfortable homes for residents while delivering solid returns for its investor base. The additional capital will support its selective investment approach, enabling the company to strategically expand its presence and operational capabilities across its key asset classes.