Property management veteran Carly Stevenson joins MHN’s Laura Calugar for a conversation about her mission and deep convictions. Because her parents taught her early on how important it was to have a stable job with a stable income, Carly Stevenson went to nursing school with the intent to follow in her mother’s footsteps. But she […]
Company: Multi-Housing News
2024 Top Multifamily Property Owners
MHN’s annual ranking represents a broad range of market-rate and affordable asset categories. […]
Affordable Housing Outlook: What Challenges Will 2024 Pose?
Defined by an amalgam of challenges—a global health crisis, record-high inflation, widespread unemployment, rising costs, as well as scarce and expensive debt—the past three years have brought the country’s affordable housing stock to an all-time low. Nationwide, the need for affordable housing is acute, so the urgency to guarantee access to low-cost and quality housing has become […]
Daryl Carter Details All-American Journey in MHN Excellence Awards Keynote
The Avanath Capital Management founder and 2023 Lifetime Achievement Award winner shared insights into his personal roots and professional rise. […]
Avanath Buys Sacramento Affordable Senior Community
Avanath Capital Management has purchased Rivers Senior, a 120-unit affordable senior housing community in West Sacramento, Calif., for $19 million. St. Anton Capital sold the property in an off-market transaction, according to Yardi Matrix data. […]
Avanath Pays $119M for Mixed-Income Chicago Asset
Avanath Capital Management LLC has acquired Lincoln Park Plaza, a 256-unit mixed-use multifamily community in Chicago. BJB Partners sold the asset for $119 million. […]
Avanath CEO: Opportunities for Innovative Affordable Housing Investors Will Abound
Today, debt availability and the prospect of yet higher interest rates make it extremely difficult for multifamily investors and owners to secure capital with favorable terms for additional affordable housing investments. […]
Avanath Closes More Than $205M in Fund Commitments
Multifamily owner and operator Avanath Capital Management LLC has announced that since November, it has closed on more than $205 million in additional equity commitments to the Avanath Affordable Housing Renaissance Fund. […]
Avanath Acquires 2 California Communities for $132M
Avanath Capital Management has expanded its affordable housing presence in the Northern California market by acquiring two communities. The firm acquired the Novato Portfolio for $131.5 million from Shea Homes. […]
The Fed’s 7th Rate Hike: The Good, the Bad and the Ugly
To the surprise of few, the Federal Reserve has announced a new 50-basis-point interest rate hike, its seventh consecutive increase this year. Following last month’s hike, such a cooldown represents a more stable and less volatile pace of increases, especially in the face of inflation that is expected to persist well into 2023. […]