Innovation, Leadership, Integrity.
REAL ESTATE INVESTING
Graduate student housing in the northeast United States with a focus on highly ranked private universities with large graduate student populations and no on-campus student housing available.
OUR MISSION
We create housing that makes a positive impact on the lives of our residents and the community while creating value for our investors.
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INVESTOR QUALIFICATIONS
Investors must be accredited. The qualifications for accredited investors include either income of $200k+ or net worth of $1M+. For a complete description or what it means to be accredited, see the SEC Accredited Investor Definition.
THE SYNDICATION PROCESS
Raise Capital
Investors contribute equity toward private real estate investment opportunities.
Due Diligence
Underwrite properties for investment viability.
Acquisition
Avance acquires existing multifamily housing near top-tier private universities. Each fund has an expected life of 7-10 years.
Renovation
Reposition from multifamily to graduate student housing through extensive renovations. Optimize floor plans and maximize the number of bedrooms and bathrooms with the goal of achieving a minimum 2:1 bedroom to bathroom ratio.
Stabilize & Lease Up
Bring new property online, advertise, and rent apartments furnished.
Cash Flow & Appreciation
Once stabilized, properties generate positive cash flow, and distributions are made according to the proforma.
Historically, real estate values appreciate 5% per year.
Example: Investing $200k of equity to buy a $1M house, would mean that an increase of $50k (5% appreciation) on $200k (invested equity) results in a levered return of 25%.
Capital Event
At the end of the investment period the properties will be eligible for sale, refinance, or a 1031 exchange.
David Schwartz,
Founder & CEO,
Avance Capital, LLC
David Schwartz is a real estate developer with a vision and more than 15 years of experience in the real estate industry. In 2015, David developed the Avance investment model and founded Avance Capital to syndicate real estate investment opportunities in the graduate student housing space. David is disrupting the industry, buying and repositioning multifamily properties into graduate student housing across the northeast. He creates value and holds a competitive advantage by building a vertically integrating operation and leveraging technology to directly connect students with housing, and connect investors to real estate opportunities.
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David earned his management degree in finance from the Weatherhead School of Management at Case Western Reserve University in Cleveland Ohio. He is a regular speaker and attendee at various industry conferences including IMN, NMHC, and BisNow. David speaks multiple foreign languages including Spanish, Hebrew and French. He enjoys soccer, lacrosse, running, golf, and surfing.
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The word "avance" means to advance, to lead, and to go forward in Spanish, French, and Portuguese.
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Innovation, Leadership, Integrity.