Case Study: Avilla Homes
We closely follow market trends and we respond with best-in-class properties.
Today's consumers want the freedom and flexibility that a lease and an onsite property management team can offer. They also want to live in high-quality homes. Avilla Homes answers this growing demand.
A welcoming community
Avilla Homes provide high-quality, single-story detached homes in secure, pet-friendly neighborhoods—without the long-term burdens of mortgage payments or property maintenance.
Designed with local architectural elements in mind, Avilla Homes feature single-story detached homes with open floorplans, 10-foot ceilings and high-end interior finishes—all within a gated community. Each Avilla neighborhood has a combination of 1, 2 and 3-bedroom homes and features resort style pools and landscaped recreation areas.
IN 2019 PIPELINE
A proven history
Avilla Homes started in Tucson, AZ in the early 2010s when a group of entrepreneurial-minded developers and executives saw an opportunity to serve an unmet market demand for single-level luxury rental home communities.
NexMetro Communities was formed to bring Avilla Homes to new locations and has developed Avilla Homes in Phoenix, Dallas and Denver metropolitan areas and plans to continue to bring Avilla Homes to new, dynamic metro areas.
Iridius Capital is proud to be the primary equity partner for the development of Avilla Homes communities.
IN 2019 PIPELINE
Location specific design
Created to be a part of growing communities, Avilla Homes are designed to seamlessly reflect local architecture and landscaping elements.
Avilla Heights is located in the fast growing south Chandler, Arizona submarket, just miles from the major employment corridor along Price Road. Prominent tech companies have moved to the area, garnering Chandler the moniker “Silicon Desert”. Two BASIS charter schools, which are consistently rated as the best in the country, are located nearby the community.
- Land Acquisition June 2016
- Construction Completion May 2017
- Stabilized Occupancy August 2017
- Sale June 2018