Press releases & articles

Avanath purchases $315m portfolio in Brooklyn
Institutional Real Estate, Inc.

Avanath Capital Management has acquired its 100th asset: a mixed-use portfolio containing two multifamily properties with ground-floor retail space in Brooklyn, N.Y., for $315 million. The two buildings in the mixed-use portfolio are located at 38 6th Avenue (pictured) and 535 Carlton Avenue in Brooklyn.

Avanath Buys Brooklyn Portfolio for $315M
Multi-Housing News

Avanath Capital Management has bought the 303-unit 38 Sixth and the 298-unit 535 Carlton in Brooklyn, N.Y., for a combined total of $315 million. The seller of the two-asset portfolio was Greenland USA. The purchase also marks Avanath’s 100th property.

Avanath Snaps Up Brooklyn Apartment Portfolio for $315M
Connect Commercial Real Estate News

Irvine, CA-based Avanath Capital Management, LLC has acquired a mixed-use portfolio containing two multifamily properties with ground-floor retail in Brooklyn for $315 million. The two properties were built as part of the ongoing Pacific Park New York mixed-use project, Brooklyn’s largest development to date.

How Biden Administration’s Housing Action Plan Impacts Multifamily
Multi-Housing News

Multifamily and financing industry officials said President Joe Biden’s newly released 13-page Housing Supply Action Plan is a step in the right direction to increase the affordable housing supply but questioned how much could be accomplished—particularly changes to the popular Low Income Housing Tax Credit program—without legislative action this year as the mid-term election season heats up.

Promotions and a milestone for Avanath
The Orange County Register

Wesley Wilson, the chief financial officer at Avanath Capital Management, has been promoted to partner at the Irvine-based firm. At 34 years of age, he’s the youngest partner ever named at Avanath.

Avanath Capital Management Expands Orange County Portfolio With $11.75 Million Acquisition of Affordable Senior Housing Community
Multifamily Biz

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has expanded its presence in the Orange County market with its third acquisition in the region this year. The firm acquired St. John’s Manor, a 36-unit affordable senior housing community in Costa Mesa, CA for $11.75 million.

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