Avanath Capital Management has acquired two affordable housing communities totaling 668 units in the Chicago metropolitan area. The assets, Hinsdale Lake Terrace—located in suburban Willowbrook—and Drexel Court, were acquired through Avanath’s institutional fund, Avanath Affordable Housing III, for a total of $72.2 million.
Avanath Capital Management has acquired two affordable multifamily properties in the Chicago metro area, Hinsdale Lake Terrace and Drexel Court, for a combined $72.2 million for 668 units.
U.S. real estate investment firm Avanath Capital Management has increased its footprint in Chicago with the acquisition of two affordable multifamily properties for 62.3 million euros ($72.2 million).
Avanath Capital Management spent $72.2 million to acquire two affordable multifamily buildings in the area, significantly increasing its footprint in Chicago.
CHICAGO AND WILLOWBROOK, ILL. — Avanath Capital Management LLC has acquired two affordable housing properties in metro Chicago totaling 668 units for $72.2 million.
Avanath Capital Management has acquired two Chicago-area affordable multifamily properties totaling 668 units, including one on the city’s South Side. The assets were acquired through Avanath’s institutional fund, Avanath Affordable Housing III for a combined $72.2 million.
Avanath Capital Management has paid $72.15 million for two affordable-housing properties with 668 units in the Chicago area.
Avanath Capital Management has increased its footprint in Chicago with the acquisition of two affordable multifamily properties for $72.2m (€62.3m).
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired two affordable multifamily properties totaling 668 units in the Chicago metro. The assets were acquired through Avanath’s institutional fund, Avanath Affordable Housing III for a combined total of $72.2 million.
Avanath Capital Management, LLC has acquired two affordable multifamily properties totaling 668 units in the Chicago metro through an institutional fund, Avanath Affordable Housing III, for a combined total of $72.2 million. The properties include the 582-unit Hinsdale Lake Terrace in Willowbrook, Illinois and the 86-unit Drexel Court in Chicago. Both are mid-1900s-era affordable housing properties in economically thriving submarkets.
The Smart Agency