Press releases & articles - August 2022

Avanath Acquires LA Apartments for $220M
GlobeSt

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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