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Press releases & articles

Greysteel Arranges $27.2M Sale of Cascades Village Senior Apartments in Sterling, Virginia
Seniors Housing Business

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.

Sterling affordable housing complex sells for $27.15M
Virginia Business

An affordable housing complex in Sterling sold for $27.15 million, commercial real estate investment firm Greysteel announced last week.Located at 46565 Harry Byrd Hwy., the 150-unit Cascades Village Senior Apartments sold to Irvine, California-based Avanath Capital Management LLC, which focuses on acquiring existing affordable housing properties. Developed in 2001, the apartment complex is age-restricted (55 years and up).

Impact Real Estate: Avanath with John Williams
TBG Real Estate

On this episode of the TBG Real Estate Podcast, we talk with John Williams, President and Chief Investment Officer at Avanath. John walks us through the his journey in affordable housing, what it takes to get into the space, and how the landscape is changing for investors. It’s an episode full of great information as we continue our Impact Real Estate Series.

They’re Making the Rent. Is It Costing Their Future?
The New York Times

They’ve made it with government checks and family help. They’ve made it with savings and odd jobs. They’ve made it with church charity, nonprofit rescue funds, GoFundMe campaigns. One way or another, through five months of economic dislocation, the nation’s tenants have for the most part made their rent.

How the Apartment Industry Can Address Inequality

Housing is a central component of inequality in this country, and the apartment industry and apartment owners are in a position to directly address issues of inequality related to housing. While there is certainly an ethical and moral reason to create more equitable housing, there is also a financial reason too.

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Lexi Astfalk