Avanath Capital Management, LLC, a private real estate investment manager, announces it has acquired a 669-unit family workforce housing community located in Los Angeles, California for $220 million.
Avanath Capital Management, LLC, a private real estate investment manager, announces it has acquired a 669-unit family workforce housing community located in Los Angeles, California for $220 million.
Avanath Capital Management has made one of the largest single asset transactions of the year in Los Angeles County this year, buying two multifamily properties encompassing 669 units for $220M, the latest purchase in firm’s nationwide strategy of acquiring affordable housing assets.
At 669 units, representing the largest single asset transaction in Los Angeles County this year, Northmarq has completed the $220 million sale of the Santa Rosalia and Santo Tomas Apartments in the Baldwin Village neighborhood of Los Angeles.
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, announces it has acquired in an off-market transaction, six affordable family and senior multifamily communities in the Sacramento, California, metropolitan area with an investment value of more than $181.6 million.
Investors continue to park more money in large multifamily assets.
A 669-unit block in Los Angeles’ Baldwin Hills traded hands thanks to a $121 million acquisition loan from Fannie Mae, and advisers at Northmarq said it’s the biggest single-asset sale in the county so far this year.
Irvine-based Avanath Capital Management closed on a large L.A.-area multifamily acquisition, paying $220 mil for the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas.
Commercial Real Estate Direct Staff Report Avanath Capital Management has paid $220 million, or $328,849/unit for two neighboring apartment properties with 669 units in Los Angeles.
Irvine-based Avanath Capital Management teamed up with the Housing Authority of the city of Los Angeles to buy the 669-unit Baldwin Village Apartments in Crenshaw for $220M.
Vince Norris, Jim Fisher and Mike Smith, Bryan Schellinger and Shane Shafer, collaborated to complete the $220 million sale of the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas.
The Smart Agency