Hunter Properties Acquires Avalon Bluffs SFR Community In Lafayette For $21.5M

Avalon Bluffs, a single-family build-to-rent community located at 2766 Gawain Drive in Lafayette, Indiana, has been sold for $21.5 million. The property, consisting of 93 units, was purchased by Derek K. Hunter jr of Hunter Properties from Tempest Homes.

Summary of transaction details

• Property Type: Single-Family Build-to-Rent Community
• Transaction Amount: $21,500,000
• Address: 2766 Gawain Drive, Lafayette, IN
• Market: Lafayette, IN
• Buyer: Derek K. Hunter jr - Hunter Properties
• Seller: Tempest Homes
• Brokers: Cameron Benz, Claire Bullard, George Tikijian, and Hannah Ott - Cushman & Wakefield
• Units: 93
• Price Per Unit (PPU): $231,183

Cushman & Wakefield brokered the sale of Avalon Bluffs, facilitating the transaction between Derek K. Hunter jr and Tempest Homes. The deal, which amounted to $21.5 million, marks the successful acquisition of the single-family build-to-rent community by Hunter Properties. The brokers involved in the transaction were Cameron Benz, Claire Bullard, George Tikijian, and Hannah Ott, all from Cushman & Wakefield.