Avanath Capital Management LLC has acquired Acton Courtyard, a 71-unit, mixed-use affordable housing community with 7k sf of ground-floor retail in Berkeley, CA. The property is located at 1370 University Ave, between San Pablo Ave and Sacramento St.
Avanath Capital Management has acquired Acton Courtyard, a 71-unit apartment property in Berkeley, Calif., from Equity Residential.
Avanath Capital Management has acquired Acton Courtyard, a 71-unit fully affordable community in Berkeley, Calif. Equity Residential sold the property for $25.3 million, according to Yardi Matrix.
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired Acton Courtyard, a 71-unit mixed-use Affordable housing community with 7,013 square feet of ground-floor retail, located in Berkeley, California.
Chicago-based Equity Residential has sold the last of its Berkeley properties to Southern California-based Avanath Capital for $25.3 million.
The sale of Acton Courtyard, a 71-unit property at 1370 University Ave. in Berkeley, marks Equity’s exit from the East Bay city, a spokesperson confirmed.
Avanath Capital Management has acquired Acton Courtyard, a 71-unit mixed-use affordable-housing community with 7,013 square feet of ground-floor retail, located in Berkeley, Calif.
To further Leverage.com’s mission of democratizing knowledge about commercial real estate, we started an interview series with all kinds of CREF pros: everyone from multifamily and medical to cannabis and construction. This time we connected with John R. Williams, President and Chief Investment Officer at Avanath Capital, an investment firm that acquires, owns, renovates and operates affordable, workforce, and value-oriented apartment communities across the U.S.
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired Acton Courtyard, a 71-unit mixed-use Affordable housing community with 7,013 square feet of ground-floor retail, located in Berkeley, California.
Although the economy is still recovering and the battle against COVID continues, the differences for the multifamily sector in mid-2021 compared to mid-2020 are remarkable. In many markets, key problems—among them, sliding occupancy and pricing, owner concessions and the struggle to get prospects—appear to be largely in the rear-view mirror.
Avanath has focused on ESG since its inception and made ESG core to its investment strategy, Williams says. Currently, the investment manager has $2.6 billion in assets under management across 13 states and 49 cities. Its portfolio consists of 90 communities with more than 11,000 units.
The Smart Agency