Avanath Capital Management has announced the acquisition of a senior affordable housing community located in Sterling, Va., and a historic affordable family community in San Jose, comprising 209 units in total. The properties were purchased for $44.65 million. The acquisitions represent the firm’s continued expansion into new markets as well as its ability to realize economies of scale in markets where it currently owns assets, according to John Williams, president and CIO of Avanath Capital Management.