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Chicago tied with Los Angeles for the fourth-most-active office construction market in the U.S, with 7.4M SF under construction, according to Avison Young’s Mid-Year 2019 Global Office Market Report. Nearly half of that space is pre-leased. New York ranked as the top market, with 14.6M SF underway, followed by Washington, D.C., with 10.9M SF, and Dallas with 7.8M SF.
EDGEWATER, Md. — Avanath Capital Management has acquired Victoria Park at Edgewater, a 102-unit affordable seniors housing community in Edgewater.
Avanath Capital Management is seeking to benefit from the affordable housing crisis in the United States with an aggressive acquisition plan.
The properties acquired total a combined 317 units and increase the firm’s multifamily holdings in Chicago to 1,063 units and its total holdings in the Washington DC metro area to 1,169 units, according to John Williams, president and CIO at Avanath Capital Management.
CHICAGO — Avanath Capital Management LLC has acquired two affordable housing properties in Chicago for $43.7 million. Avanath purchased Scotland Yard Apartments in the Buena Park neighborhood for $28.3 million.
Avanath Capital Management acquired Victoria Park in Edgewater, a 102-unit affordable senior housing community in Edgewater, Maryland for $11.3 million.
US real estate investor Avanath Capital Management has acquired three affordable housing properties for $55.05m (€49.7m).
Avanath Capital Management, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined 317 units in Chicago and Maryland.
Avanath Capital Management has purchased three affordable housing communities with a combined total of 317 units in Chicago and Maryland. The assets were acquired for a total of $55.05 million.
Irvine, CA-based Avanath Capital Management, LLC acquired three affordable housing communities with a combined total of 317 units in Chicago and Maryland. The assets were acquired for a total of $55.05 million.
Brower Group
Lexi Astfalk
949.438.6262
lastfalk@brower-group.com media@avanath.com