Press release & articles

Avanath Pays $72M for 2 Chicago-Area Affordable Communities
Multi-Housing News

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.

Avanath Makes Affordable Buys in South Shore, Willowbrook
Connect Media

Avanath Capital Management has acquired two Chicago-area affordable multifamily properties totaling 668 units, including one on the city’s South Side. The assets were acquired through Avanath’s institutional fund, Avanath Affordable Housing III for a combined $72.2 million.

Avanath acquires two affordable multifamily properties for $72M
RE Journals

Avanath Capital Management, LLC has acquired two affordable multifamily properties totaling 668 units in the Chicago metro through an institutional fund, Avanath Affordable Housing III, for a combined total of $72.2 million. The properties include the 582-unit Hinsdale Lake Terrace in Willowbrook, Illinois and the 86-unit Drexel Court in Chicago. Both are mid-1900s-era affordable housing properties in economically thriving submarkets.

Media inquiries

Brower, Miller & Cole

949.955.7940
media@avanath.com

Archives

Older