Avenue North
Overview
Avenue North is a Phoenix-based real estate investment firm specializing in multifamily developments and value-add communities. Since its inception in 2011, the firm has acquired or built over 2,200 multifamily units across Arizona, Nevada, and Colorado. Their portfolio also includes industrial and mobile home and RV parks throughout the United States. The company's investment strategy focuses on acquiring existing multifamily communities and executing thoughtful renovations to add value, as well as developing unique land parcels into lower-density multifamily housing. They aim to improve property operations, distribute tax-advantaged cash flow to investors, and sell assets at a premium after several years of ownership. Avenue North emphasizes hedging downside risk during economic downturns and generating outsized returns. Their investment criteria include deal sizes typically ranging from $15 to $80 million, focusing on construction, land development, and value-add multifamily projects in A/B locations in the southwestern United States. The firm has a track record of delivering consistent returns across market cycles, with $151,110,000 capital deployed, a 31.3% net internal rate of return (IRR), and a 2.13x cash-on-cash return. Their portfolio comprises 22 realized investments with an average hold period of 3 years and a 100% success rate. Avenue North's leadership includes Ryan Hartman, the Chief Vision Officer, who has nearly two decades of experience in multifamily investment, development, and technology. He holds a Mechanical Engineering degree from the University of Arizona and an MBA from the University of Southern California. The firm's approach integrates experience in multifamily design and operations to maximize value for investors, focusing on place-making, thoughtful renovations, scalable construction processes, and transparent investor communication to fulfill their purpose – to inspire through exceptional housing.
Investment Focus
- Value-add through entitlements, development, and renovations
- Focus on hedging downside risk during economic downturns
- Generate outsized returns
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Avenue North
What sectors does Avenue North invest in?
Avenue North invests in Real Estate, and is based in Milton Bridge, Scotland, United Kingdom. Avenue North is listed as a private investment firm in the ConnectSafely investor database.
Which regions does Avenue North invest in?
Avenue North invests across United States.
Who are the partners at Avenue North?
Team members listed for Avenue North include Iain Welsh (Director).
What companies has Avenue North invested in?
Avenue North's portfolio includes Quarter North, Industrial Portfolio, Proximity Central, Proximity 7th St, Proximity 36th St, Proximity Baseline, Yardz on W. Cheyenne and Proximity 16th St.
How do I contact Avenue North?
Avenue North's contact details — including phone and LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
