Real estate investment firm Avesta Holdings has hired Trevor Dallas as a managing director for its Austin office and Luke Kline as a director of acquisitions for its Dallas team. Previously, Dallas worked at CWS Capital Partners while Kline was at Mill Creek Residential Trust.
TAMPA, Fla., July 21, 2017 /PRNewswire/ — Avesta Holdings, a real estate investment firm based in Texas, Florida, New York and California, announced today two new senior-level additions to its Dallas and Austin offices to propel the company’s growth in Texas. Real estate veteran Trevor Dallas joins the company as managing director in the company’s Austin office and Luke Kline has joined its Dallas office as director of acquisitions across the state of Texas.
“Avesta is very focused on Texas and growing our business in Dallas, Houston, Austin and San Antonio. The additions of Trevor and Luke will help us to supercharge this growth,” said Edward Crawford, managing director of Avesta’s Dallas office.
Avesta began its growth in Texas by opening its doors in Dallas just last year under Edward and director, Andre Gonzalez, to focus on serving and expanding the firm’s base of capital partners, as well as finding and evaluating investment opportunities in Texas.
Trevor joins the team from CWS Capital Partners, a multifamily investment firm with over 22,000 units, where he led the CWS Strategic Apartment Fund, as well as the acquisition and disposition of over 5,000 units across the Southeast. “The individuals at Avesta are some of the smartest and dedicated people with whom I’ve worked. I’m excited to be joining this top-rate team and help the firm continue their successful growth throughout Florida and Texas,” said Trevor.
Luke joins the team from Mill Creek Residential Trust, a Dallas-based investment firm where he was directly involved in the acquisition of over $700 million in multifamily assets.
“Trevor and Luke add experience and local knowledge to our team and Investment Committee,” said Bert de Alejo, managing director at Avesta. “Their seniority, statewide and national reputation has already helped us with our capital partners and management systems – and the relentless pursuit of acquisitions that will exponentially grow Avesta’s portfolio in Texas and beyond.”
About Avesta Holdings
Avesta Holdings is a proven private equity firm and owner/operator that has acquired 12,000 apartment homes worth $920,000,000 throughout Florida and Texas. Since 2010, Avesta has invested over $300,000,000 in equity, generating 24.5% net IRR to LPs, in the top quartile of all private RE funds. Its vertically integrated operating platform has produced portfolio-wide revenue growth of 60% and NOI growth of 234%.
Avesta Holdings is a young, hungry, and focused team that invests in great projects and creates more community in the world
through serving its residents and investors. With this sustainable, long-term mindset, Avesta is able generate sustainable returns to its investors.