News & AnalysisAvila holds second close of sequel real estate credit strategy at $200mToll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.ByRandy Plavajka10 March 2026•3 mins readCaliforniaNorth AmericaSouthwestUnited StatesWestAlternative lendersCapital formationConstructionDebt fundsFundraising