At 669 units, representing the largest single asset transaction in Los Angeles County this year, Northmarq has completed the $220 million sale of the Santa Rosalia and Santo Tomas Apartments in the Baldwin Village neighborhood of Los Angeles. […]
Category: Front Page News
Avanath Capital Expands Presence in NorCal With $182 Million Acquisition of Affordable Housing Multifamily Portfolio
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, announces it has acquired in an off-market transaction, six affordable family and senior multifamily communities in the Sacramento, California, metropolitan area with an investment value of more than $181.6 million. […]
Avanath Secures $121M Fannie Mae Loan for 669 Units in LA
Investors continue to park more money in large multifamily assets. A 669-unit block in Los Angeles’ Baldwin Hills traded hands thanks to a $121 million acquisition loan from Fannie Mae, and advisers at Northmarq said it’s the biggest single-asset sale in the county so far this year. […]
Avanath Capital Management Closes $220 Mil L.A. Apartment Buy
Irvine-based Avanath Capital Management closed on a large L.A.-area multifamily acquisition, paying $220 mil for the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas. […]
Avanath Pays $220Mln for 2 Los Angeles Apartment Properties
Commercial Real Estate Direct Staff Report Avanath Capital Management has paid $220 million, or $328,849/unit for two neighboring apartment properties with 669 units in Los Angeles. […]
Crenshaw Apartments Sold, Will Offer Income-Restricted Units
Irvine-based Avanath Capital Management teamed up with the Housing Authority of the city of Los Angeles to buy the 669-unit Baldwin Village Apartments in Crenshaw for $220M. […]
Northmarq completes $220 million sale and $121 million financing of 669 market-rate/affordable housing units in LA for Avanath Capital Management
Vince Norris, Jim Fisher and Mike Smith, Bryan Schellinger and Shane Shafer, collaborated to complete the $220 million sale of the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas. […]
Avanath and public agency pay $220M for Baldwin Village apartments
An Orange County affordable housing investor has teamed up with L.A.’s housing authority to buy a 669-unit apartment complex in Baldwin Village for $220 million. […]
HACLA partnering with private real estate firm to buy 669 apartments in Baldwin Hills
In a deal announced last week, the Housing Authority of the City of Los Angeles (HACLA) has partnered with private real estate firm Avanath to purchase the Baldwin Village Apartments, a collection of 669 apartments near Crenshaw Boulevard. […]
HACLA partners with Avanath to purchase Baldwin Village Apartments
Yesterday, the Housing Authority of the City of Los Angeles (HACLA), the nation’s second-largest housing authority, closed on a partnership with Avanath, a leading national owner of affordable housing, to purchase a 669-unit apartment community in the Crenshaw neighborhood of Los Angeles, known as the Baldwin Village Apartments. […]