MHN’s annual ranking represents a broad range of market-rate and affordable asset categories. […]
Company: Multi-Housing News
Lexington Property Group Buys in New York
Lexington Property Group has purchased a multifamily community, Grand Pointe Park, for $31 million. The 156-unit property, located in Poughkeepsie, N.Y., was sold by Avanath Capital Management. […]
Avanath Acquires Orlando Property for $63M
Private real estate investment firm Avanath Capital Management has acquired mixed-use, mixed-income City View in Orlando, Fla. The distinctive, 266-unit property, which features 24,865 square feet of retail space, changed hands for $62.5 million. Marcus & Millichap Affordable Housing Advisors marketed the transaction. […]
Affordable Housing 2022: New Strategies to Create Opportunity
Housing costs continue to rise and tax credits remain in short supply, yet the demand for affordable housing is greater than ever. In this free, informative webinar, industry leaders will share insights on how to make deals pencil in today’s tough financing environment. […]
Avanath Buys Sacramento-Area Portfolio for $182M
Avanath Capital Management has purchased a six-community affordable and senior housing portfolio totaling 1,032 units within the Sacramento, Calif., metro, in an off-market recapitalization, for a total of $181.6 million. According to Yardi Matrix data, Avanath Realty will also manage the properties. […]
Avanath Buys Brooklyn Portfolio for $315M
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. […]
How Biden Administration’s Housing Action Plan Impacts Multifamily
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 […]
How the $1.2T Infrastructure Bill Impacts Multifamily
While much of President Joe Biden’s housing agenda is within the proposed $1.75 trillion Build Back Better bill working its way through Congress, members of the multifamily and commercial real estate industry still found plenty to like in the $1.2 trillion bipartisan infrastructure package approved late last week. […]
How Capital Can Cure Evictions Ills
There’s plenty of capital to go around for large-scale apartment builders. But small-time investors could use a shot in the arm, too, says one of the bigger players, if only to help the entire business deal with the heat it is taking because of the increase in evictions. […]
Avanath Pays $65M for Inland Empire Senior Community
Avanath Capital Management has teamed up with Registered Investment Adviser to acquire River Run Senior, a 360-unit affordable, age-restricted community in Corona, Calif. Steadfast Cos. sold the garden-style community for $65.1 million, public records show. […]