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Innovation, Leadership, Integrity.

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REAL ESTATE INVESTING

"We believe in creating value for our investors and improving the quality of life in the communities we serve."

- David Schwartz

Avance Capital, LLC

Founder & CEO

OUR MISSION

Our mission is to provide premium quality housing to graduate students to build community and make a positive impact in the lives of our residents.

INVESTMENT CRITERIA

  • Top Tier Private Universities

  • Located in the Northeast United States

  • Large Graduate Student populations with limited on-campus housing

  • Favorable zoning laws

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HOW IT WORKS

Avance Capital, LLC provides investment opportunities to accredited investors with exposure to a niche segment of the student housing asset class through private placement syndications using a model designed to maximize revenue and hedge against macroeconomic risks. 

 

Avance Capital, LLC uses innovative technologies to provide investors with a real time snapshot of their investment through the Yardi Investment Manager portal. 

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PORTFOLIO

The Avance portfolio currently includes more than 35 buildings with 60 apartments and 270 beds.

TARGET MARKETS

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Brown University - Providence RI

Yale University - New Haven CT

Brandeis University - Waltham MA

Carnegie Mellon University - Pittsburgh PA

University of Pennsylvania - Philadelphia PA

 
 

LEASING MODEL

The Avance investment model has a proven track record of success. With a marginal increase in operating cost, the model can double and sometimes triple the gross rental income as compared to traditional apartments.

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Rent by the Bedroom

We lease by-the-bedroom to individual graduate students. All furnishings and utilities are included in the rent price.

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.

 

HOW WE CREATE VALUE

We focus on and specialize in niche markets to create value for our investors. We developed a very specific model to invest in student housing in neighborhoods surrounding top tier private universities in markets with strong underlying fundamentals. We market to graduate students willing to pay a premium for this elevated product. We add value by repositioning existing multifamily properties traditionally rented by the apartment into student housing rented by the bedroom. We reconfigure the floorplan to maximize the number of bedrooms and bathrooms with the goal of achieving a minimum 2:1 bedroom to bathroom ratio. Renting apartments under this model by the bedroom with utilities included has more than doubled and sometimes tripled the rental income.


Properties in the Avance portfolio have the look and feel of luxury apartments with granite counters and stainless-steel appliances without superfluous amenities like a doorman or a gym.


Through our hands-on management style we consistently achieve near 100% rent collection. Each individual resident signs their own lease with a contractual guarantee from a parent or guardian. We interview each resident and match them with roommates. We work to develop strong tenant relationships through excellent communication, attention to detail, and direct in-house leasing and maintenance teams for quality control and customer satisfaction. Rental collection payments are set up online one time, then paid automatically on the first of each month for the duration of the lease.


On average, real estate performs well over the long run. Historically, real estate has proven to be a resilient hedge against inflation. When interest rates rise, and the cost of home ownership goes up, the pressure on the rental market continues to increase. We are passionate about real estate and believe in the long term viability of the investments we make in this asset class.

THE SYNDICATION PROCESS

Raise Capital

Investors contribute equity toward private real estate investment opportunities.

Investors contribute to fund

Due Diligence

Underwrite properties for investment viability.

technical due diligence and analysis

Acquisition

Avance acquires existing multifamily housing near top-tier private universities.  Each fund has an expected life of 7-10 years.

Funds are used to purchase properties

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.

Renovation maximizing bedrooms and bathrooms

Stabilize & Lease Up

Bring new property online, advertise, and rent to graduate students by the bedroom, furnished, with utilities included for one flat monthly payment. Graduate students tend to be more mature and responsible and are required to provide a lease guarantor.

Leasing

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%.

Investment, stabilization, cash flor

Capital Event

At the end of the investment period the properties will be eligible for sale, refinance, or a 1031 exchange.

Property Sale Sold
 

OUR TEAM

David Schwartz, Founder & CEO of Avance Capital, LLC

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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.

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. 

The word "avance" means to advance, to lead, and to go forward in Spanish, French, and Portuguese. 

Harry Duval,

Analyst

Harry Duval is an investment analyst for Avance Capital. He is responsible for underwriting, market research, and project management. Harry built an interactive student housing database for every major university in the United States, which Avance Capital uses to make investment decisions. Harry works with contractors and suppliers, assisting in the oversight of the construction, renovation budgets, and schedules to ensure properties are brought online, and made operational on schedule. Harry graduated cum laude from the University of New Hampshire with degrees in Political Science and Business Administration.

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Gary Carlow,

Office Manager

Gary Carlow joined Avance with over 30 years of experience in marketing and business management. Gary is responsible for managing the back-office functions to ensure efficient day-to-day operations.

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Walter Abelenda,

Maintenance Manager

Walter Abelenda joined Avance with 25 years of construction and maintenance experience. Walter prides himself on responding to resident maintenance requests the same day, including on weekends. Walter brings his extensive construction skills and a positive outlook to resident service. Our tenants know that they can count on him, and Walter helps Avance to create outstanding resident satisfaction.

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Jim Shea,

Construction Manager

Jim has over 35 years of construction management experience and a track record of cost-control and completing jobs on time and on budget. His solutions-oriented approach enables him to effectively oversee the laborers and vendors. He finds creative solutions to adapt to challenges that arise in the field without sacrificing quality. His most recent accomplishment before joining Avance was completing The Quin after a gut renovation of the former Algonquin Club on Commonwealth Ave in Boston, which is now recognized as one of the most exclusive private clubs in Massachusetts. Jim's first project with Avance included a gut renovation in Waltham, which was delivered on time and on budget. Jim is known for his hard work and attention to detail. His organized approach allows Avance to renovate multiple properties simultaneously. Jim is OSHA-30 and CPR/AED certified.

Jim
 

Get Connected

We have spent nearly ten years in the student housing space studying and refining our investment, management, and leasing processes. Through continuous research, data analysis, and real-world market experience we bring professional expertise to everything we do. Investors who participate in our student housing investment offerings have full access to our reports.

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