Press releases & articles - October 2021

Affordable housing that raises the bar
MIT Technology Review

Daryl Carter, who grew up in Detroit, was inspired by his childhood to become chairman and CEO of Avanath Capital Management, where he and his partners focus on transforming the affordable-housing sector. Currently, Avanath owns more than 80 properties in 13 states. The majority of its 12,000 apartments are targeted to renters earning 40% to 80% of the area’s median income, many of whom qualify for Section 8.

Avanath Selected as Multifamily Influencer by Globe St.
GlobeSt

Avanath Capital Management is an investment manager in the affordable and workforce housing sector. As an impact investor, the company has more than 11,000 units across the U.S. The firm actively advocates on behalf of the affordable housing industry and incorporates social impact programs into communities that improve resident outcomes and investor bottom lines.

Greystone Closes Sale, Provides $39 Million Fannie Mae Loan for Affordable Housing Acquisition in California
GlobeNewswire

NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance firm, has provided a $39,060,000 Fannie Mae DUS® loan for the acquisition of an affordable housing property in Corona, California, on behalf of Avanath Capital. The property was represented for sale by Aaron Hargrove and Eric Taylor of Greystone Real Estate Advisors, and the buyer’s financing was originated by Jeff Englund of Greystone

Senior Complex Being Sold in Corona
World Nation News

River Run Senior, a 360-unit affordable apartment complex in Corona has been acquired by Avnath Capital Management. The age-restricted community at 863 River Road was built in 2004, and comprises six three-story garden-style buildings over 216,684 square feet.

Avanath Pays $65M for Inland Empire Senior Community
Multi-Housing News

Avanath Capital Management has teamed up with Registered Investment Adviser to acquire River Run Senior, a 360-unit affordable, age-restricted community in Corona, Calif. Steadfast Cos. sold the garden-style community for $65.1 million, public records show.

 

Media inquiries

Brower Group

Lexi Astfalk

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

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