As real estate investors continue to ‘discover’ untapped potential in South Los Angeles, skyrocketing home prices and unsustainable rent growth have fueled legitimate concerns over displacement among long-time residents in the historically Black and Latino community. […]
Category: Front Page News
Affordable Housing 2022: New Strategies to Create Opportunity
Housing costs continue to rise and tax credits remain in short supply, yet the demand for affordable housing is greater than ever. In this free, informative webinar, industry leaders will share insights on how to make deals pencil in today’s tough financing environment. […]
Daryl Carter Named to MFE Hall of Fame
Growing up in Detroit’s Core City neighborhood in the 1960s, Daryl Carter didn’t get away with much. Like his parents, about half of the adults in the community had migrated from the South. His father and uncles all worked in the car factories. Everyone knew everyone; they went to the same store, the same church. […]
MFE Hall of Fame Inductee Daryl Carter Embraces High Standards to Strengthen Communities and Help Residents Thrive
Growing up in Detroit’s Core City neighborhood in the 1960s, Daryl Carter didn’t get away with much. Like his parents, about half of the adults in the community had migrated from the South. His father and uncles all worked in the car factories. […]
Avanath Capital Management Joint Venture acquires 669-unit family workforce housing community in Los Angeles, CA for $220 million
Avanath Capital Management, LLC, a private real estate investment manager, announces it has acquired a 669-unit family workforce housing community located in Los Angeles, California for $220 million. […]
Avanath Capital Management Purchases 669-Unit Apartment Building in Los Angeles for $220MM
Avanath Capital Management, LLC, a private real estate investment manager, announces it has acquired a 669-unit family workforce housing community located in Los Angeles, California for $220 million. […]
Avanath Acquires LA Apartments for $220M
Avanath Capital Management has made one of the largest single asset transactions of the year in Los Angeles County this year, buying two multifamily properties encompassing 669 units for $220M, the latest purchase in firm’s nationwide strategy of acquiring affordable housing assets. […]
Avanath Acquires Baldwin Village Apartments for $220M
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. […]
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. […]