Press releases & articles

Previewing ULI’s National 2019 Housing Opportunity Conference
Connect Media

John Williams, President and CIO of Avanath Capital Management, shares a few thoughts leading up to next month’s ULI National Housing Opportunity gathering in Newport Beach, CA. He looks at what’s ahead for the year, touches on a few of the in-demand services and amenities, as well as investors’ and developers’ views on affordable housing.

As Affordable Housing Demand Grows, Developers Struggle to Keep Up
REBusiness Online

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 60 percent of area median income are also eligible to live in affordable housing properties. 

The Affordable Housing Conundrum
REBusiness Online

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 issue for impoverished people. Typically, renters who earn up to 60 percent of area median income are also eligible to live in affordable housing properties.

Big-money investors are piling into ‘opportunity zone’ funds in lower-income neighborhoods, but there are a bunch of reasons to be cautious
Business Insider

“Opportunity zone” investments are this season’s must-have product for investment firms of all stripes. 

The funds, which target economically depressed areas that could benefit from new tax breaks, are the investment du jour for everyone from Goldman Sachs to Anthony Scaramucci’s SkyBridge Capital. Even Amazon is set to benefit — its planned outpost in the Long Island City neighborhood of Queens, New York, is in an opportunity zone.

This apartment owner makes money by providing affordable homes
LA Times

Daryl Carter is founder and chief executive of Avanath Capital Management, an Irvine investment firm that owns nearly 9,000 apartments nationwide — both market-rate and affordable. About 75% of its units have some form of rent restriction, and 40% of residents receive rent subsidies under the federal Section 8 program.

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