Avanath Development LLC, a multifamily development company focused on market rate and affordable housing, and Opportunity Assets Group LLC are launching a Qualified Opportunity Zone Fund with a target goal of $300 million. […]
Company: Multi-Housing News
Avanath Buys Maryland Senior Community
Greysteel has assisted Osprey Property Cos. in selling Victoria Park at Edgewater, a 102-unit senior community in Edgewater, Md., for $11.3 million. The property offers independent living for residents age 62 years and over. Greysteel has also procured the buyer, Avanath Capital Management. […]
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units. […]
Avanath Pays $72M for 2 Chicago-Area Affordable Communities
Avanath Capital Management has acquired two affordable housing communities totaling 668 units in the Chicago metropolitan area. The assets, Hinsdale Lake Terrace—located in suburban Willowbrook—and Drexel Court, were acquired through Avanath’s institutional fund, Avanath Affordable Housing III, for a total of $72.2 million. […]
Affordable Housing: A Safe Investment in Unpredictable Times
Avanath Capital Management’s John Williams and Jun Sakumoto explain why affordable housing properties should be seen as opportunities to produce consistent returns. The two executives also revealed their expectations regarding the sector going forward. […]
Changing the Perception of Affordable Housing
Affordable housing goes beyond the concept of Section 8 housing and government assistance. Industry experts at the National Apartment Association’s Apartmentalize conference shared the benefits that this asset class can bring to a neighborhood. […]
Promoting Integration at Mixed-Use, Mixed-Income Communities
Multifamily developers and investors at the 2018 ULI Spring Meeting discussed their solutions and strategies for making mixed-income/mixed-use developments more scalable, as well as the challenges they face along the way. […]
Making Workforce Housing Work
Private and nonprofit developers are seeking sites for housing that U.S. workers in tight markets can afford—and not a moment too soon. […]
Top CEOs Weigh In on 2018 Prospects
At NMHC’s annual outlook conference, three leading executives paint a complex picture highlighted by substantial runway, moderating growth and a red flag or two. […]
Avanath Closes $388M Investment Funds
Avanath Capital Management, a private real estate investment manager, has closed both the Avanath Affordable Housing III fund and the Avanath III NY Co-Investment fund, with $388 million in equity commitments. With this closing, Avanath has almost doubled its equity commitments from its Fund II, which had its final closing at $200 million in July […]