Press releases & articles - April 2019

OC 500: Daryl J. Carter
Orange County Business Journal

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 Pays $35M for Affordable Asset in Texas’ Capital
Multi-Housing News

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.

 

AVANATH ACQUIRES AFFORDABLE HOUSING COMMUNITY IN AUSTIN FOR $35M
Institute for Real Estate Operating Companies

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.

Media inquiries

Brower Group

Lexi Astfalk

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

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