Press releases & articles - August 2022

Avanath Acquires LA Apartments for $220M

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.

Avanath Acquires Baldwin Village Apartments for $220M
Connect California Commercial Real Estate News

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 Secures $121M Fannie Mae Loan for 669 Units in LA
Commercial Observer

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.

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