Avanti Residential Appoints Richard Bennion as Managing Director
FOR IMMEDIATE RELEASE:
Stacey Hershauer | 480-600-0195 firstname.lastname@example.org
Randy Hall | 949-838-5238 email@example.com
AVANTI RESIDENTIAL APPOINTS RICHARD BENNION AS MANAGING DIRECTOR
Denver, CO – July 11, 2023 – Avanti Residential is pleased to announce the appointment of Richard Bennion as Managing Director, where he will be responsible for strategic growth and institutional capital relationships. With nearly 20 years of experience in the multifamily real estate industry, Bennion has expertise in capital raising, asset management, and development.
Bennion most recently worked at PEF Advisors, an affordable housing investor, where he led the capital formation of a $100 million fund focused on affordable housing nationwide and served as a member of their senior leadership team and investment committee.
Prior to that, he successfully raised $3 billion in equity from institutional capital partners for Carmel Partners, a multifamily operator investing in acquisition and renovation deals and development projects in select US markets. Bennion also oversaw the repositioning and disposition of a $1 billion portfolio of multifamily investments located in Colorado, Arizona, and Texas while at Carmel.
"We are excited to welcome Rich to the Avanti team," said Avanti CEO Christian Garner. "His expertise in raising capital and vast knowledge of the institutional investor landscape will be invaluable as we continue investing across the country and work towards our goal of providing a dynamic living experience for individuals and families."
Bennion holds an MBA from Harvard Business School and a Bachelor of Science in Manufacturing Engineering from Brigham Young University.
About Avanti Residential
Founded in 2005 and headquartered in Denver, Colorado, Avanti Residential is an experienced investor and owner-operator of lifestyle-forward multifamily communities in the U.S. Avanti operates across six states, comprising 8,100 units. The company utilizes a vertically integrated platform led by a seasoned executive team, each with more than 25 years of experience in the acquisition and value creation of apartment communities. Avanti applies skilled real estate investment acumen in a culture of personal accountability and alignment to deliver exceptional value and attractive risk-adjusted returns for its institutional venture partners and private capital investors. AvantiResidential.com
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