About the Company
COMPANY BACKGROUND
Avenue North, LLC was founded in 2011 and seeks to develop, build, and acquire multifamily communities in the southwestern United States. We integrate experience in multifamily design and operations to maximize value for our investors. The company has obtained Superior Returns by acquiring properties that require rebranding, transformation through renovations, asset management, and ground-up development. Avenue North focuses on place-making, thoughtful renovations, scalable construction processes, and transparent investor communication to fulfill our purpose – To Inspire through Exceptional Housing.
WHY MULTIFAMILY?
Home ownership in the US has dropped to levels not seen since the 1960’s, and continues to steadily decline as down payments, student debt burdens, and for-sale housing prices continue to rise, along with other factors impacting home ownership. We believe residents are actively seeking affordable housing options, and we provide exceptional housing options through new multifamily homes and renovated communities.
MOBILITY
Allows renters great flexibility over single family housing
INFILL
Typically close to jobs, restaurants, and transportation corridors
DEMOGRAPHICS
Millennials delaying marriage and single family purchases, seniors downsizing.
STUDENT DEBT BURDEN
Record high loans limit buying power for single family housing borrowers
HOUSING DOWN PAYMENT
Does not require large buyer cash down payments
TANGIBLE
Housing can’t be outsourced, risks that affect other property types
TECHNOLOGY
Accretive to the sector but detrimental to others (e.g. Amazon impact on Retail)
INFLATION HEDGE
Short-term leases allow for quick adjustments when rents increase
DISCOUNT
B’s can be purchased at discounts to replacement cost
LEADERSHIP
Ryan Hartman
Chief Vision OfficerRyan Hartman is a multifamily investor, developer, and technology founder with nearly two decades of ownership and execution experience. Through his firm Avenue North, founded in 2011, he has acquired, built, and sold over 2,000 multifamily units across Arizona, Nevada, and Colorado, generating average net returns of 2.4× equity and 37% IRR. His company built three build-for-rent communities totaling 330 units in Phoenix and Las Vegas, along with acquiring select industrial and manufactured-housing investments. In 2022, Ryan strategically sold 565 entitled development units of vacant land in response to rising costs and interest rates, preserving capital and positioning for the next cycle.
Drawing on this experience, Ryan founded NOIHUB, an AI-driven software platform that helps owners and operators streamline acquisitions, asset management, and investor reporting through automation and data intelligence.
Ryan holds a Mechanical Engineering degree from the University of Arizona and an MBA from the University of Southern California. He is a children’s book author and spent part of 2024 living in Japan, an experience that deepened his appreciation for design, efficiency, and intentional living.