Chairwoman Waters, Ranking Member McHenry and members of the Committee, thank you for this opportunity to speak on behalf of the National Multifamily Housing Council and the National Apartment Association on the infrastructure needs of the apartment sector.
Press releases & articles - April 2019
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on today’s Congressional testimony before the House Financial Services Committee by Daryl Carter, former Chairman of NMHC and Chairman and CEO of Avanath Capital.
Avanath Capital Management National Multifamily Housing Council (NMHC) Founder and CEO Daryl Carter, a National Multifamily Housing Council board member, will testify before Congress on behalf of the multifamily industry.
10-year-old firm buys, rehabs affordable housing … 8K U.S. units … $388M 2018 commitments, latest fund; up from $200M 2015 fund … Inc. 5000 … born West Side, Detroit near ‘old Tigers Stadium’ … backs NBA’s Pistons … first job: ‘busboy, Elmer’s Hamburgers’ in Detroit … first car: 1974 Mazda RX-3 … co. name portmanteau of kids Ava, Nathan
Avanath Capital Management LLC recently acquired Blunn Creek, a 280-unit affordable housing community, for $35.15 million, in a submarket with limited affordable housing options but high demand.
Irvine, CA-based Avanath Development, LLC and Opportunity Assets Group, LLC launched a Qualified Opportunity Zone Fund with a target raise of up to $300 million.
According to Austin’s Strategic Housing Blueprint, Texas’ capital will need 75,000 market rate units and 60,000 new housing units for low-income families to meet the city’s housing needs for the next decade. Recognizing the opportunity, Avanath has acquired for a little over $35M a 280-unit fully affordable community located 4 miles south of Austin, TX.
April 17, 2019— Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired a 280-unit affordable housing community in Austin, Texas. The asset was acquired for a total consideration of $35.15 million.
Avanath Capital Management, a private real estate investment manager and Registered Investment Adviser, has acquired a 280-unit affordable housing community in Austin for a total consideration of $35.15 million.
Blunn Creek is located at 701 Woodward St. in Austin. Avanath purchased the apartment community from Hunt Cos., which was represented in the transaction by ARA Newmark.
In North Long Beach, residents at Avanath Capital’s Northpointe Apartments community have access to financial literary courses, computer training and an after-school program for kids.