Avanath Capital Management has acquired Acton Courtyard, a 71-unit fully affordable community in Berkeley, Calif. Equity Residential sold the property for $25.3 million, according to Yardi Matrix. […]
Company: Multi-Housing News
Multifamily Recovers Though the Pandemic Persists
Although the economy is still recovering and the battle against COVID continues, the differences for the multifamily sector in mid-2021 compared to mid-2020 are remarkable. In many markets, key problems—among them, sliding occupancy and pricing, owner concessions and the struggle to get prospects—appear to be largely in the rear-view mirror. […]
Affordable Housing and the Institutional Investor: Q&A
While COVID-19 rocked the boat for many commercial real estate sectors, affordable housing is holding steady. As we move further into 2021, the sector continues to shine brightly and offer significant risk-adjusted investment opportunities for institutional investors. John Williams, president & CIO of Avanath Capital Management, chatted with Multi-Housing News about why the affordable sector appeals to […]
Avanath Enters Orange County With $20M Senior Housing Buy
Avanath Capital Management LLC has expanded its footprint with the acquisition of The Grove Senior Apartments, an 85-unit fully affordable community in Garden Grove, Calif. Meta Housing Corp., the property’s original developer, sold the senior community in a transaction valued at $19.9 million. According to Yardi Matrix data, the trade was subject to a $12.5 […]
Avanath Acquires Boston Workforce Housing
Real estate firm Avanath Capital Management has acquired Morton Village Apartments, a 207-unit workforce housing community in the Boston borough of Mattapan, Mass. The seller is an affiliate of Mirak Properties. This represents Avanath’s initial foray into the Boston market. […]
Is Now a Good Time to Invest in Affordable Housing?
With more than 38 million Americans losing their jobs in the nine weeks ending May 16 due to the coronavirus lockdown, demand for affordable housing properties has skyrocketed. Over the past few years, most developers have focused on delivering high-end communities, putting the affordable housing sector under a lot of pressure long before the pandemic hit. […]
On Demand Webinar: Snap Sessions. Managing Rents and Expenses During COVID-19
Welcome to Snap Sessions—a 30-minute webinars series where industry leaders share insights on the current environment. This week MHN is joined by Avanath’s chairman & CEO, Daryl Carter, to discuss how to address financial challenges during the pandemic, with many residents currently unable to pay rent while property-level and company expenses must be met. […]
Affordable Housing Services 2.0: Health & Wellness Programs
The affordable housing sector is beginning to recognize the value of offering new social programs to its residents. By converting underutilized space at their communities, property owners can promote the health advantages of an active lifestyle. […]
Avanath Pays $35M for Affordable Asset in Texas’ Capital
According to Austin’s Strategic Housing Blueprint, Texas’ capital will need 75,000 market rate units and 60,000 new housing units for low-income families to meet the city’s housing needs for the next decade. Recognizing the opportunity, Avanath has acquired for a little over $35M a 280-unit fully affordable community located 4 miles south of Austin, TX. […]
UBS Enters Affordable Housing with $248M Portfolio Deal
Avanath Capital Management has recapitalized a $248 million affordable multifamily portfolio, selling interests in the bundle of properties to a group of institutional investors advised by UBS Asset Management. […]