Avanath Capital Management LLC has acquired Rivers Senior, a 120-unit affordable seniors housing community in West Sacramento, for $19 million. […]
Company: Seniors Housing Business
Avanath Acquires St. John’s Manor Affordable Community in Costa Mesa, California
Avanath Capital Management LLC has acquired St. John’s Manor, a 36-unit affordable seniors housing community in the Orange County city of Costa Mesa, for $11.8 million. Built in 1984 and renovated in 2007, St John’s Manor is currently 100 percent occupied. […]
Avanath Capital Acquires Overlook at Anaheim Hills in California for $87.5M
Avanath Capital Management has purchased Overlook at Anaheim Hills, a seniors housing property in Anaheim Hills. An undisclosed seller sold the property for $87.5 million. […]
Avanath Capital Purchases Grove Senior Apartments in Garden Grove, California for $19.8M
Avanath Capital Management has purchased The Grove Senior Apartments, an affordable seniors housing property located at 12721 Garden Grove Blvd. in Garden Grove. Meta Housing sold the asset for $19.8 million. The Grove, which is currently 100 percent occupied, features 85 units, a fitness center, club room, courtyard and bus stop directly in front of […]
Avanath Buys Cascades Village Affordable Community in Virginia for $27.2M
Avanath Capital Management has acquired Cascades Village, a 150-unit affordable seniors housing community in the Washington, D.C. suburb of Sterling, for $27.2 million. “Avanath was attracted to Sterling because home pricing and existing market-rate product in the market are unaffordable to lower income renters, resulting in a significant demand for affordable rental units in the […]
Wellness is Crucial for Operational Success
An undeniable concern for seniors housing stakeholders is keeping residents at their properties healthy and well. While the seniors housing industry has addressed health and wellness since long before COVID-19, the pandemic has intensified our focus on this issue. As we move through this crisis, many industry professionals have deepened their commitment to health and wellness in […]
Greysteel Arranges $27.2M Sale of Cascades Village Senior Apartments in Sterling, Virginia
Greysteel has arranged the sale of Cascades Village Senior Apartments, a Low-Income Housing Tax Credit (LIHTC) property in Sterling, approximately 25 miles northwest of Washington, D.C. A private local investor sold the property to Avanath Capital Management for $27.2 million. Cascades Village is a 150-unit, age-restricted affordable housing community developed in 2001 under the LIHTC. […]
The Next Big Amenities in Senior Housing: Programming and Services
There is a renaissance underway in the seniors housing industry. Today’s seniors are more active and engaged than ever before and are requesting amenities and services that aid in keeping them energetic, healthy and involved. […]
Avanath Buys Affordable Community in Maryland for $11.3M
EDGEWATER, Md. — Avanath Capital Management has acquired Victoria Park at Edgewater, a 102-unit affordable seniors housing community in Edgewater. […]
Avanath Capital Acquires 202 Affordable Units in New York, Maryland for $36.3M
Avanath Capital Management has expanded its East Coast portfolio, acquiring two affordable housing properties in New York and Maryland for a combined total of $36.3 million. […]