Avanath Capital Management Buys 85-Unit OC Senior Housing Community

Avanath Capital Management LLC has purchased The Grove Senior Apartments, an 85-unit senior housing community in Garden Grove, for $19.85 mil, or $233.5k/unit. The property was acquired from Meta Housing, an affordable housing developer based in Los Angeles. The Grove, which is currently 100% occupied, consists of a single, four-story garden-style building that features a variety of amenities including a fitness center, club room, courtyard, and bus stop directly in front of the property.