October 26, 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.
October 15, 2021
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.
October 14, 2021
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
October 12, 2021
Avanath Buys 360-Unit Affordable Seniors Housing Community in Corona, California
REBusiness Online
CORONA, CALIF. — Avanath Capital Management has purchased River Run Senior, an affordable seniors housing property located at 863 River Road in Corona. With this acquisition, Avanath now owns 11 properties in Southern California with 2,187 units under management in the region.
October 11, 2021
Avanath Capital Management Adds to Southern California Holdings with Acquisition of 360-Unit Senior Affordable Housing Community in Corona, CA
Inland Empire Business Journal
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired River Run Senior, a 360-unit senior affordable housing community in Corona, California, which is located in Riverside County.
October 11, 2021
Senior Complex Sold in Corona
The Press Enterprise
River Run Senior, a 360-unit affordable apartment complex in Corona, has been acquired by Avanath Capital Management.
October 10, 2021
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.
October 10, 2021
This Week’s LA Deal Sheet
Bisnow
Avanath Capital Management announced it acquired River Run Senior, a 360-unit affordable housing community for seniors in Corona.
October 8, 2021
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.
October 8, 2021
Transactions & Financings: Moody’s Boosts Welltower’s Ratings Outlook; Friendship Village of Tempe’s $104M Bond Issuance
Senior Housing News
Welltower’s (NYSE: WELL) credit rating received a slight boost, in another sign that its senior housing operating portfolio’s (SHO) performance is on the rebound.
