Press releases & articles - August 2018

Avanath Capital Management Acquires 240-Unit Seniors Housing Community in Edison, New Jersey
REBusiness Online

EDISON, N.J. — Avanath Capital Management has acquired Menlo Manor, a 240-unit affordable senior housing community in Edison. Avanath acquired the property through its institutional fund, Avanath Affordable Housing III. The five-story property was built in 1980 and features a community room, exterior courtyard, library, dining area, community kitchen and automatic front doors. Located at 161 Inman Ave., the community includes a mix of studios, one-, and two-bedroom units. Alex Medeiros of CBRE represented the seller, Jeff Spragens.

Avanath Capital Management Acquires 240-Unit Seniors Housing Community in Edison, New Jersey
CRE Firms

EDISON, N.J. — Avanath Capital Management has acquired Menlo Manor, a 240-unit affordable senior housing community in Edison. Avanath acquired the property through its institutional fund, Avanath Affordable Housing III. The five-story property was built in 1980 and features a community room, exterior courtyard, library, dining area, community kitchen and automatic front doors. Located at 161 Inman Ave., the community includes a mix of studios, one-, and two-bedroom units. Alex Medeiros of CBRE represented the seller, Jeff Spragens.

Avanath Capital Expands East Coast Footprint
Connect Media

Avanath Capital Management, LLC acquired two affordable multifamily properties totaling 273 units for $29.36 million. The assets include Menlo Manor (pictured), a 240-unit affordable senior housing community in New Jersey, and Coral Ridge Isles, a 33-unit workforce housing community in Florida. Both properties were acquired through Avanath’s institutional fund, Avanath Affordable Housing III.

Media inquiries

Brower Group

Lexi Astfalk

949.438.6262
lastfalk@brower-group.com media@avanath.com

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