Irvine, CA-based Avanath Development, LLC and Opportunity Assets Group, LLC launched a Qualified Opportunity Zone Fund with a target raise of up to $300 million.
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According to Austin’s Strategic Housing Blueprint, Texas’ capital will need 75,000 market rate units and 60,000 new housing units for low-income families to meet the city’s housing needs for the next decade. Recognizing the opportunity, Avanath has acquired for a little over $35M a 280-unit fully affordable community located 4 miles south of Austin, TX.
April 17, 2019— Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired a 280-unit affordable housing community in Austin, Texas. The asset was acquired for a total consideration of $35.15 million.
In North Long Beach, residents at Avanath Capital’s Northpointe Apartments community have access to financial literary courses, computer training and an after-school program for kids.
Affordable multifamily housing firm Avanath Capital Management launched an opportunity zone investment fund this year, targeting new properties as well as some that are in the works in qualified areas. Avanath forecasted that it will be able to raise $300 million in the next six months.
Avanath Development has entered the opportunity zone race. The firm has launched a qualified opportunity zone fund with a target raise of $300 million, which the firm plans to hit in the next six months.
Avanath Capital Management has recapitalized a $248 million affordable multifamily portfolio, selling interests in the bundle of properties to a group of institutional investors advised by UBS Asset Management.
Irvine, CA-based Avanath Capital Management, LLC completed a strategic recapitalization of a portfolio of affordable multifamily assets formerly held by Avanath Affordable Housing I, LLC, Avanath’s inaugural fund.
April 3, 2019— Avanath Capital Management, LLC (“Avanath”), a private real estate investment manager focused on the preservation of affordable housing nationwide, has completed a strategic recapitalization of a portfolio of affordable multifamily assets formerly held by Avanath Affordable Housing I, LLC, Avanath’s inaugural fund (the “Elevate Portfolio”).
Avanath Development LLC and Opportunity Assets Group LLC (OAG) have launched a Qualified Opportunity Zone Fund with a target raise of up to $300 mil.