Preston Hollow Capital Completes Funding for Avenir Community Development District | Business and finance

DALLAS – (BUSINESS WIRE) – Dec. 20 2021–

Preston Hollow Capital, an independent specialist municipal finance company, announced the successful closing of a $ 95 million grant to fund infrastructure improvements at Avenir, a 2,400-acre mixed-use and planned community located in Palm Beach Gardens, in Florida. At the time of construction, Avenir is expected to contain approximately 3,900 housing units and approximately 2 million square feet of retail space.

Proceeds from the funding will be used to build critical infrastructure needed as part of Avenir development, including public roads, stormwater drainage, open spaces and recreation areas, and environmental conservation efforts. “Preston Hollow is proud to continue our partnership with Avenir and to continue this single-use, mixed-use project,” said Preston Hollow General Manager Ramiro Albarran. “This funding aligns with Preston Hollow’s mission to fund critical infrastructure needs for growing communities across the country. We are particularly excited about the direction of this project and its continued commitment to the environmental conservation of valuable wetlands.

“Preston Hollow is a key player in the success of the Avenir community. We value having a financial partner with a solid understanding of the development process and the flexibility to meet infrastructure demands strategically and productively. The Preston Hollow team is unmatched in its ability to respond effectively and creatively to the demands of our business. – Manuel M. Mato, President of Avenir Development, LLC

About Preston Hollow Capital

Preston Hollow Capital provides specialized impact financing solutions for projects of significant social and economic importance to local communities in the United States. As a team, we bring decades of experience helping communities achieve their financial, sustainability and community impact goals. We do this through a unique partnership model, rigorous and disciplined credit underwriting, and creative investment structuring designed to provide speed, certainty and flexibility to our borrowers.

CONTACT: Greg May, Preston Hollow Capital



SOURCE: Preston Hollow Capital

Copyright Business Wire 2021.

PUB: 12/20/2021 4:53 PM / DISC: 12/20/2021 4:53 PM

Copyright Business Wire 2021.

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