Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has expanded its East Coast portfolio, acquiring two affordable properties in New York and Maryland for a combined total of $36.25 million.
John Williams, President and CIO of Avanath Capital Management, shares a few thoughts leading up to next month’s ULI National Housing Opportunity gathering in Newport Beach, CA. He looks at what’s ahead for the year, touches on a few of the in-demand services and amenities, as well as investors’ and developers’ views on affordable housing.
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units.
Brower Group
Lexi Astfalk
949.438.6262
lastfalk@brower-group.com media@avanath.com