LONGMONT, CO—Advenir, a premier provider of multi-family real estate investment and management services, has acquired two apartment communities in Longmont: Advenir@Wyndam (formerly Wyndam Apartment Homes) and Advenir@Wildwood (formerly Wildwood Apartment Homes).

Advenir has acquired 1,000 apartment units since August in the greater Denver area and nearly 3,000 apartment units since late 2011.  The firm is actively looking to expand its portfolio.

"We are very bullish on the greater Denver apartment market with its strong fundamentals, high barriers to entry and excellent demographics," said Todd Linden, chief acquisition officer of Advenir.  "The Longmont apartment market has seen year-over-year growth of 7.9% and very low vacancy levels of 3.5%, providing an opportunity to own an asset in a stabilized market with significant rental upside."

Advenir@Wyndam is an 18-building, 360 unit multifamily community located at 2540 Sunset Drive in Longmont.  Built in 1990, the community was renovated in 2010 which included comprehensive upgrades to individual homes as well as the common areas.  Advenir@Wyndam features 156 one bedroom/one bathroom units and 204 two bedroom/two bathroom units.  Residents enjoy several amenities including swimming pool, spa, clubhouse, fitness center, carport, access to public transportation and nearby public parks.

Advenir@Wildwood is a 15-building, 210-unit Class “B+” multifamily community located at 3226 Lake Park Way in Longmont. The community was recently renovated which included comprehensive upgrades to individual homes, exterior and common areas.  Advenir@Wildwood features loft style design which is unique to the area and includes 126 one bedroom/one bathroom units and 84 two bedroom/two bathroom units. The property sits adjacent to McIntosh Lake, providing tenants with numerous recreational options only steps away. It is also surrounded by major retail, restaurants, employment and transportation infrastructure.

Advenir represented itself in the property acquisition. Freddie Mac financing was secured by Eric Tupler and Josh Simon of HFF.  Jordan Robbins of HFF represented the seller.

Founded in 1996, Advenir, Inc. is a Real Estate Investment Company headquartered in Aventura, Florida (Miami-Dade).