Invesco Real Estate Acquired Plano Apartment Community
The institutional investor purchased the 122-unit Horizon at Premier property from Starboard Realty Advisors.
Updated on Sept. 25, 2026 in Commercial
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Invesco Real Estate has finalized the acquisition of the Horizon at Premier community in Plano, Texas. The 122-unit property, which was formerly known as Avilla Premier, was sold by Starboard Realty Advisors.
Why it matters
This transaction highlights continued investor interest in build-to-rent residential assets within growing economic hubs like Plano. The sale follows a period of stable performance for the community, which has maintained high occupancy levels.
The Horizon at Premier community consists of units averaging 996 square feet. Starboard Realty Advisors originally purchased the community in 2019 for $18.7 million.
The players
Invesco Real Estate
This is a global investment management firm that oversees more than $84 billion in real estate assets as of September 2025.
Starboard Realty Advisors
This real estate firm manages diversified investment portfolios and previously held the Horizon at Premier community.
Institutional Property Advisors
This division of Marcus & Millichap provides brokerage and advisory services for large-scale institutional real estate transactions.
NexMetro
This developer specializes in the build-to-rent housing model and originally completed the construction of the community in 2017.
The details
Institutional Property Advisors brokered the deal between Invesco Real Estate and Starboard Realty Advisors. The property, originally delivered by NexMetro in 2017, benefits from proximity to U.S. Route 75 and serves as an example of the build-to-rent sector's recent growth.
Timeline
NexMetro delivered the community in 2017.
Starboard Realty Advisors purchased the community in 2019.
Invesco managed over $84 billion in assets as of September 2025.
BTR occupancy reached 94.8 percent in July 2026.
The acquisition occurred in September 2026.
Roadmap
The acquisition occurs as the build-to-rent sector continues to outperform the traditional multifamily market in rent growth metrics. This indicates a strategic shift by institutional investors toward detached or horizontal housing models in high-growth suburban areas.
Residents of the community may see changes in property management or maintenance operations following the ownership transition to Invesco. The continued investment from major firms and companies like AT&T underscores the ongoing transformation of the local real estate market.
The takeaway
Investors are increasingly prioritizing build-to-rent assets that demonstrate consistent high occupancy rates despite broader market fluctuations. Tenants should monitor for potential policy changes in management as institutional owners often implement centralized standardized systems.
What happens next
AT&T plans to develop a new $1.35 billion base of operations in Plano, which is expected to influence future housing demand in the area.
Further reading
For more information on market trends, visit Commercial.
Source note: This article includes information reported by 301 Moved Permanently.
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