Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired its 100th asset: a mixed-use portfolio containing two multifamily properties with ground-floor retail space in Brooklyn, New York, for $315 million.
Avanath Capital Management has acquired a mixed-use portfolio containing two multifamily properties with ground-floor retail space in Brooklyn, for $315 million. The portfolio consists of 601 affordable and market-rate residential and commercial units and qualifies for New York City’s Rent Stabilization program.
Avanath Capital Management has acquired its 100th asset: a mixed-use portfolio containing two multifamily properties with ground-floor retail space in Brooklyn, N.Y., for $315 million. The two buildings in the mixed-use portfolio are located at 38 6th Avenue (pictured) and 535 Carlton Avenue in Brooklyn.
Avanath Capital Management, a private real estate investment management firm, has purchased two multifamily communities in Brooklyn. The Irvine, Calif.-based company purchased the two properties, which total 601 apartments and 42,643 square feet of ground-floor retail space, for $315 million.
Avanath Capital Management has bought the 303-unit 38 Sixth and the 298-unit 535 Carlton in Brooklyn, N.Y., for a combined total of $315 million. The seller of the two-asset portfolio was Greenland USA. The purchase also marks Avanath’s 100th property.
Irvine, CA-based Avanath Capital Management, LLC has acquired a mixed-use portfolio containing two multifamily properties with ground-floor retail in Brooklyn for $315 million. The two properties were built as part of the ongoing Pacific Park New York mixed-use project, Brooklyn’s largest development to date.
Avanath Capital Management LLC, a multifamily owner and operator that focuses on affordable and workforce housing, announces a series of promotions and a new executive hire to its leadership team as the firm grows its scope and vision.
Multifamily and financing industry officials said President Joe Biden’s newly released 13-page Housing Supply Action Plan is a step in the right direction to increase the affordable housing supply but questioned how much could be accomplished—particularly changes to the popular Low Income Housing Tax Credit program—without legislative action this year as the mid-term election season heats up.
Wesley Wilson, the chief financial officer at Avanath Capital Management, has been promoted to partner at the Irvine-based firm. At 34 years of age, he’s the youngest partner ever named at Avanath.
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has expanded its presence in the Orange County market with its third acquisition in the region this year. The firm acquired St. John’s Manor, a 36-unit affordable senior housing community in Costa Mesa, CA for $11.75 million.
The Smart Agency