Avanath Capital Management has purchased Overlook at Anaheim Hills, a seniors housing property located at 145-235 S. Festival Drive in Anaheim Hills. An undisclosed seller sold the property for $87.5 million. […]
Company: REBusiness Online
Avanath Capital Acquires Seniors Housing Community in Anaheim Hills for $87.5M
Avanath Capital Management has purchased Overlook at Anaheim Hills, a seniors housing property located at 145-235 S. Festival Drive in Anaheim Hills. […]
Creative Solutions Expand Affordable Housing Supply in Northeast Markets
A severe shortage of affordable housing that has been building for years and may soon be exacerbated by the expiration of the federal eviction moratorium is forcing developers to be more aggressive and innovative in terms of how they add much-needed supply in dense, high-growth markets. According to a 2020 report by the National Low […]
Avanath Acquires 207-Unit Morton Village Workforce Housing Community in Metro Boston
Avanath Capital Management, an owner-operator of affordable and workforce housing properties, has acquired Morton Village, a 207-unit community located in the Boston suburb of Mattapan. The workforce housing property was built in 1965 and features an average unit size of 920 square feet. […]
Avanath Capital Management Acquires Two Affordable Housing Properties in Detroit
Avanath Capital Management has acquired North End Village and Cameron Court, two affordable housing properties in Detroit. Avanath purchased the 50-unit North End Village for $2.1 million. Built in 2005, the community is fully leased and consists of four two-story buildings. Avanath is planning to make capital improvements such as LED lighting, landscaping, exterior paint, […]
Investor Demand for Texas Affordable Housing Intensifies
The declining affordability of housing has become a worsening problem in many areas throughout the country, and Texas is no exception. […]
Avanath Purchases Two Affordable Housing Communities in Alexandria, Orlando for $99.2M
Avanath Capital Management LLC has purchased tow affordable housing communities for a combined $99.2 million. The first property, Alexandria Station Apartments, is located in Alexandria and sold for $52.7 million. […]
Avanath Acquires Two Affordable Housing Properties in Chicago for $43.7M
CHICAGO — Avanath Capital Management LLC has acquired two affordable housing properties in Chicago for $43.7 million. Avanath purchased Scotland Yard Apartments in the Buena Park neighborhood for $28.3 million. […]
As Affordable Housing Demand Grows, Developers Struggle to Keep Up
A shortage of more than 7.2 million affordable housing units exists nationwide for households with incomes at or below the poverty level, defined as 30 percent of area median income, according to the National Low Income Housing Coalition. But finding affordable housing is not just an issue for impoverished people. Typically, renters who earn up to […]
The Affordable Housing Conundrum
Demand for the product is growing, but developers are struggling to make the numbers pencil out. A shortage of more than 7.2 million affordable housing units exists nationwide for households with incomes at or below the poverty level, defined as 30 percent of area median income, according to the National Low Income Housing Coalition. But finding affordable housing is not just an […]