Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has announced its entrance into the Orange County market with the acquisition of The Grove Senior Apartments, an 85-unit senior housing community in Garden Grove, California. The property was acquired for $19.85 million.
Avanath is headquartered in Irvine, California, and while the firm has 10,000+ units within its portfolio across the U.S., this marks its first acquisition in its hometown market of Orange County, California.