LEADERSHIP

Arya Rashtchi
Founder & Principal

Arya Rashtchi is the Founder and Principal of Avenue Equities and responsible for all aspects of firm oversight, strategic direction, deal origination and operational execution. Arya brings tremendous experience to Avenue Equities from his significant involvement in over $3B of transactions over his career and his broad-based experience helping establish his former firm from a family office to an institutional investment firm.

Prior to founding Avenue, Arya was involved in acquisition, asset management and development efforts at various institutional real estate firms including Stockdale Capital, CenterSquare Investment Management, Hudson Pacific Properties and Starwood Capital Group. Arya has transacted on all asset classes of real estate including industrial, multifamily, creative office, studio and mixed-use investments in the Western United States.

Arya holds a Bachelor of Business Administration in Finance and Real Estate from Emory University’s Goizueta Business School.

Larry Webb
Senior Advisor

Larry served as Executive Chairman for The New Home Company, a position he transitioned to in September 2019 after 10 years as the Company’s Chief Executive Officer. He co-founded NEW HOME in 2009.  In his position as Executive Chairman, he played an active role in the strategic management of the company and was the primary spokesperson with the investment community.  Under his leadership, The New Home Company was sold to Apollo Global Management in September of 2021.

Between 1995 and 2008, he was Chief Executive Officer of John Laing Homes, where he was instrumental in growing it from a small, two-market company to the second-largest private homebuilder in the United States. In June 2006, he sold John Laing Homes in the largest private residential transaction in U.S. history. Prior to joining John Laing Homes, he was Division President for Orange, Riverside and San Bernardino Counties for Kaufman & Broad, as well as Orange County President of Greystone Homes. In 2008, Larry was appointed Chief Restructuring Officer for LandSource and successfully negotiated the financial restructuring of large land holdings across the U.S.

He holds a master’s degree in city and regional planning from Harvard University. Larry has been invited to teach classes in the real estate field at the University of Southern California; University of California, Irvine; Harvard University, Stanford University and Cornell University. He regularly delivers keynote addresses at national conferences for trade organizations, such as the Urban Land Institute and the National Association of Homebuilders.

The Avenue Advantage

FLEXIBLE

Maintain flexibility in investment opportunities to uncover yield

FOCUSED

Strong focus on select markets to enhance local market expertise

GROWTH-ORIENTED

Generate alpha by effecting change at the property level by repositioning underperforming assets

Who is Avenue Equities?

Avenue Equities is a private investment firm specializing in sourcing, acquiring and managing across asset classes in fast growing markets with a focus on special situation opportunities. The firm employs an opportunistic approach and will also invest in Co-GP and OpCo/PropCo structures.

The Avenue strategy revolves around a hands-on approach to acquisition and asset management, coupled with an extensive understanding of each target investment submarket to lead to maximum revenue generation and subsequent value creation. 

We have identified target markets in the U.S. that exhibit strong fundamentals such as population and employment growth, educated workforce, limited new supply in relation to demand, and quality of life.

Our investment thesis has a strong focus with the following parameters:

  • Yield requirements that are commensurate with the risks and opportunities presented by each investment opportunity

  • Submarkets with barriers to entry and assets below replacement cost

  • Reduce risk and execute asset-specific business plans to transform each property to meet existing local demands

  • Identify middle-market ($7mm-$50mm in value), situational opportunities that are not broadly accessible with an emphasis on an attractive cost basis