Avistone Announces New Investment Strategy

By David Sheets | Feb 17, 2021 Blog / News / Portfolio
Hospitality Investment

Officials of Avistone, a rapidly growing commercial real estate investment firm specializing in the acquisition and operation of multi-tenant, industrial properties nationwide, today announced that they have named industry expert Charlie Muller Managing Director of Lodging, to focus on the acquisition and management of hotels nationwide.

“With the travel industry facing continued headwinds, a number of owners are opting to divest their properties and portfolios versus riding out the troubled forecast,” said Richard Kent, president, Avistone.

“This creates opportunity for investment firms such as our own. While we historically have focused more on industrial properties and business parks, our core expertise remains real estate investment, including identifying opportunity, capitalizing investments, repositioning properties, improving cash flow and enhancing value at disposition. With Charlie helming this operation, we feel strongly that we are entering the market at the right time with the right person to help us achieve our aggressive growth objectives.”

Muller brings with him nearly four decades of hospitality expertise in operations, acquisitions, development, asset management and dispositions. He has completed more than $7.5 billion in transactions, including acquiring 75-plus hotels, developing/redeveloping 19 hotels and has overseen asset management practices for over 200 hotels and recreational properties. Prior to joining Avistone, Muller held such positions as senior vice president of investments with First Hospitality, vice president of development at Omni Hotels & Resorts and executive vice-president and chief operating officer for CNL Hotels & Resorts and CNL Lifestyle Properties. A member of the Urban Land Institute, Muller received his Bachelor of Science in Hotel Administration from Cornell University.

“Working with a well-established real estate investment management firm like Avistone as they expand into the hotel industry provides me with an opportunity to utilize my full skillset, which inspires me professionally,” Muller said. “Creating and utilizing private equity funds, we will seek investments in limited-service, extended-stay, full-service and resort hotels throughout the United States. We are targeting property acquisitions and/or note purchases, as well as limited new development opportunities where they make sense. Avistone will focus on hotels at below-market-replacement cost that will benefit from capital infusion, renovation, rebranding, repositioning and/or improved management and marketing capabilities.

“Avistone will make immediate use of its existing and extensive list of hotel brokers, auction firms, owners and lenders to target investment opportunities,” Muller added. “Once acquired, we plan to improve property revenues through effective asset management practices and alignment with proven operators as we move to stabilize RevPAR, increase cash flow and eventually sell opportunistically as conditions warrant.”

About Avistone
Avistone is a real estate private equity and investment management firm involved in the acquisition and operation of industrial and business park properties nationwide. Since its founding in 2013, Avistone has acquired 24 industrial business parks totaling nearly four million square feet of space located in California, Georgia, Texas, Florida and Ohio.

*Important Disclosures:

This communication is intended solely for accredited investors as such is defined in the Securities Act, and is not intended as an offer to sell, or the solicitation of an offer to buy any securities or ownership interests. The opinions and forecasts expressed herein are solely those of Avistone, LLC, as of February 24, 2023, and subject to change. Actual results, future events, predictions, circumstances and events will vary and be different from those set forth herein, and there are no guarantees that any positive or successful results, express or implied, by investors will be realized. Avistone specifically disclaims any right or obligation to provide investor returns at forecasted levels. Avistone’s track record from 2013 to December 2022; no guarantee of future results. The performance information of Avistone’s prior projects has not been audited by any third-party. The track record metrics reflect the weighted average performance of all our clients, and not every investor experienced exactly these same returns. Any and all evaluations for investment purposes must be considered in conjunction with a final Private Placement Memorandum (the “PPM”); all prospective investors are strongly encouraged to read all “risk factors” in the PPM. Further, some of the initial information provided above contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties, and investors should not rely on them as predictions of future events. Investments in private securities contain a high degree of risk and often have long hold periods. They are illiquid and may result in the loss of principle. Avistone’s strategy may not occur due to numerous external influences.