Senior housing communities are strategically positioned to continue to perform even in pandemics because many residents’ incomes are derived from social security and pensions. With that in mind, Avanath Capital Management LLC recently acquired its second senior housing community in Orange County in less than 90 days, Overlook at Anaheim Hills in Anaheim Hills. The 261-unit mixed-income community was purchased for $87.5 million.
Press releases & articles - April 2021
Avanath Capital Management acquired Overlook at Anaheim Hills, a 261-unit mixed-income senior apartment community in Anaheim, California, for $87.5 million. This is the second senior housing community in Orange County purchased by Avanath in the past 90 days.
Avanath Capital Management has acquired Overlook at Anaheim Hills. a senior apartment complex, for $87.5 million.
It’s the second senior housing community the firm has bought in Orange County this year, Avanath said in a statement.
Avanath Capital Management has acquired Overlook at Anaheim Hills. a senior apartment complex, for $87.5 million.
It’s the second senior housing community the firm has bought in Orange County this year, Avanath said in a statement.
Avanath Capital Management has purchased Overlook at Anaheim Hills, a seniors housing property in Anaheim Hills. An undisclosed seller sold the property for $87.5 million.
Private investment firm Avanath Capital Management made its second acquisition of the year in the senior apartments sector, adding another Orange County, California property to its roster. The deal included a 261-unit community in Anaheim that was built in 2001 with seven garden-style buildings.
Even in a low-yield world, value-add, affordable multifamily is still producing solid returns.
“We’re able to generate value-add multifamily returns in the low to mid-teens,” Daryl Carter, CEO of Avanath Capital Management, said on CBRE’s “The Weekly Take” podcast. “The one thing about the affordable housing industry is the income is very stable.”
Avanath Capital Management has purchased Overlook at Anaheim Hills, a seniors housing property in Anaheim Hills. An undisclosed seller sold the property for $87.5 million.
Avanath Capital Management has purchased Overlook at Anaheim Hills, a seniors housing property located at 145-235 S. Festival Drive in Anaheim Hills. An undisclosed seller sold the property for $87.5 million.
Avanath Capital Management has purchased Overlook at Anaheim Hills, a seniors housing property located at 145-235 S. Festival Drive in Anaheim Hills.
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