Avalon Holdings development in Spencer, Tennessee Aerial view of 852 Old Dunlap Road Spencer Storage Solutions facility
Avalon Holdings TN, LLC  ·  Spencer, Tennessee

Disciplined residential development in Tennessee's supply-constrained markets.

Avalon Holdings acquires land, structures capital, and delivers attainable housing across Middle Tennessee, with a growing multifamily platform in the Southeast.

$341,000
Sold to Date
$500,000+
In Active Development
The Platform

Three lines of business.
One underwriting standard.

01

Ground-Up Residential

We handle land acquisition, entitlement, construction management, and disposition end to end, building single-family product to a price point the local market absorbs quickly.

02

Manufactured Housing

Permanent-foundation manufactured homes delivering quality housing at attainable price points. Compressed timelines, tight cost basis, proven buyer demand.

03

Multifamily & Partnerships

GP interests and joint ventures in multifamily acquisitions across the Southeast, purchased at a strong basis with durable fundamentals. Deal-by-deal and fully transparent.

Featured Work

Recent projects.

Investment Thesis

Why these markets.

Tennessee's secondary and rural markets face a structural housing shortage. Demand at attainable price points consistently outpaces supply, while institutional capital overlooks these markets in favor of metro cores. That gap is where Avalon operates.

We are based in the markets we build in. We know what local buyers qualify for, what community lenders will fund, and where the real gaps in housing supply exist. We underwrite to those facts, not to assumptions.

01
Attainable price points

Product is built to sell into the deepest segment of local demand, minimizing carry cost and maximizing velocity.

02
Capital-efficient structures

Private capital, community banking relationships, and sweat equity keep cost basis tight and returns on invested capital high.

03
Local execution depth

Operating where we live gives us sourcing, entitlement, and contractor advantages that outside capital cannot replicate.

Work With Avalon

Land or capital to put to work?
Let's build what's missing.

We partner with landowners and capital partners on a deal-by-deal basis. Every conversation starts with the numbers.

The Firm

A lean firm built for execution.

Avalon Holdings TN, LLC is a Tennessee-based development firm delivering attainably priced homes to communities underserved by traditional development.

Who We Are

Find good land. Structure smart capital. Build what the market needs. Close.

Avalon Holdings was built from the ground up with one goal: put quality, attainable homes where they are needed most. We are a lean firm that moves fast, structures deals efficiently, and delivers finished product.

We are based in Spencer, Tennessee, and we operate in this market every day. We understand what buyers can qualify for, what lenders will fund, and where the real gaps in local housing supply exist. We do not guess at those things. We build around them.

Every project we close makes the next one stronger. We are building a track record across Middle Tennessee and the surrounding corridor, with a long-term focus on scaling into multifamily and larger-scale development throughout the Southeast.

Founded
2024
Headquarters
Spencer, Tennessee
Focus
Attainable residential
Markets
Middle & East Tennessee
Structure
Deal-by-deal
The Trajectory

Built one closed deal at a time.

2024

Avalon Holdings founded in Spencer, Tennessee with a focus on attainable housing in underserved markets.

2025

First ground-up project sold at 814 Old Dunlap Road, proving the build-and-sell model. Spencer Storage Solutions delivered, marking entry into commercial development.

2026

206 Church Street sold. 852 Old Dunlap underway. First multifamily GP position secured at Stratford Manor in Kingsport with HorizonTen Properties.

Next

Subdivision development in the Spencer corridor and expanding multifamily partnerships across the Southeast.

Operating Principles

How we run the firm.

01

Capital Efficiency

Deals are structured to maximize returns on invested capital. Private equity, community banking relationships, and sweat equity keep cost basis tight.

02

Underwriting Discipline

Every project is underwritten against real absorption data. We build to a price point the local market can absorb quickly, minimizing carry cost.

03

Execution First

We identify sound deals, structure the capital, and deliver. The track record is built one closed project at a time, without overcomplication.

04

Community Impact

Attainable housing is not just the business. It is why the firm exists. We are building toward a Tennessee with more housing options, not fewer.

Leadership

The people behind the work.

John Allen
John Allen
Founder & Chief Executive Officer

John Allen leads acquisition strategy, capital structuring, and project execution for Avalon Holdings with a hands-on operator's approach and a sharp focus on profitability and impact. His long-term goals center on larger-scale mixed-use development across Middle Tennessee and the broader Southeast.

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Jonathan Bonamarte
Jonathan Bonamarte
Architectural Visualization

Jonathan leads architectural visualization for Avalon's projects, translating early-stage development concepts into detailed renders and presentation-ready visual assets that support investor presentations, marketing, and project planning.

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Portfolio

Selected projects.

From ground-up construction to multifamily partnership interests, every deal is a deliberate step in building the platform.

206 Church Street
Sold Jun 2026 Spencer, TN · Van Buren County
206 Church Street

Permanent-foundation home on 1.19 acres, structured with a private capital partner. Closed June 2026 at $186,000 in a supply-constrained market.

3 / 2
Bed / Bath
1,248
SQFT
$186,000
Sale Price
View Project →
814 Old Dunlap Road
Sold Oct 2025 Spencer, TN · Van Buren County
814 Old Dunlap Road

The firm's first project, delivered to market-rate spec on a tight budget and timeline, establishing proof of concept for the build-and-sell model.

4 / 2
Bed / Bath
1,140
SQFT
$155,000
Sale Price
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852 Old Dunlap Road
In Development Spencer, TN · Van Buren County
852 Old Dunlap Road

Permanent-foundation home financed through a community banking relationship, targeting an attainable price point with strong buyer demand in the Spencer corridor.

3 / 2
Bed / Bath
1,140
SQFT
2026
Delivery
View Project →
Stratford Manor
Active GP Interest Kingsport, TN · Sullivan County
Stratford Manor

11-unit multifamily acquisition in partnership with HorizonTen Properties. The firm's first multifamily position and its expansion into East Tennessee.

11
Units
16%
Proj. IRR
2.00x
Proj. EM
View Project →
Spencer Storage Solutions
Completed Spencer, TN · Van Buren County
Spencer Storage Solutions

Lead developer and marketing manager on a modern self-storage facility, in partnership with a prominent local investor. The firm's entry into commercial development.

Commercial
Product
$350,000
Dev. Cost
View Project →
Investor Relations

Aligned capital.
Deal-by-deal transparency.

Avalon partners with private capital on a deal-by-deal basis. Two structures, both underwritten to the same standard, both fully transparent.

Structure I

Residential Preferred Equity

Shorter-duration positions in Tennessee single-family and manufactured-housing development, structured deal by deal.

Focus
Attainable single-family, Middle Tennessee
Duration
Typically under one year
Basis
Tight cost basis; sweat equity alongside investor capital
Reporting
Full project-level transparency, start to close
Structure II

Multifamily Equity

Longer-duration equity in multifamily acquisitions across the Southeast, purchased at a strong basis with durable fundamentals.

Focus
Multifamily, Southeast secondary markets
Duration
Multi-year hold
Basis
Acquired below replacement cost with durable fundamentals
Reporting
Ongoing partner reporting through hold period
Process

From sourcing to disposition.

01

Sourcing

On-the-ground presence in our markets surfaces land and acquisition opportunities before they are broadly marketed.

02

Underwriting

Every deal is underwritten against real comps, absorption data, and full cost accounting across land, build, soft costs, and carry.

03

Execution

Entitlement, construction, and vendor management handled directly. Compressed timelines protect basis and returns.

04

Disposition

Product priced to the deepest segment of local demand for fast absorption. Partners are paid per the structure, with full accounting.

Get In Touch

Request the current deal pipeline.

Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any such offer or solicitation is made only through definitive documentation provided to qualified parties. Projected returns are estimates relating to specific projects, are not guaranteed, and past performance is not indicative of future results.

Contact

Start the conversation.

Whether you are a landowner, capital partner, contractor, or prospective buyer, we are direct and responsive. We reply within one business day.

Office
445 College St
Spencer, TN 38585
Response Time
One business day

For urgent matters, call directly.

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