While much of President Joe Biden’s housing agenda is within the proposed $1.75 trillion Build Back Better bill working its way through Congress, members of the multifamily and commercial real estate industry still found plenty to like in the $1.2 trillion bipartisan infrastructure package approved late last week. […]
Category: Front Page News
How Capital Can Cure Evictions Ills
There’s plenty of capital to go around for large-scale apartment builders. But small-time investors could use a shot in the arm, too, says one of the bigger players, if only to help the entire business deal with the heat it is taking because of the increase in evictions. […]
Avanath Capital Management expands Boston-area reach with acquisition of 11-building, 73-unit affordable housing portfolio in Roxbury, Massachusetts
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has expanded its reach in the Boston area with the acquisition of Logo Apartments, an affordable housing portfolio in Roxbury, Massachusetts. The portfolio includes five different sites totaling 11-buildings and 73-units across Roxbury. […]
Developers Scrambling To Fill California’s Desperate Need For Housing
There’s no slowdown in sight for California’s housing prices, and multifamily investors are seeing gains as a result. Demand from renters, particularly millennials not willing, or able, to invest in a single-family home, is bolstering a need for the development of more apartments, from affordable housing projects to higher-end units. […]
Affordable housing that raises the bar
Daryl Carter, who grew up in Detroit, was inspired by his childhood to become chairman and CEO of Avanath Capital Management, where he and his partners focus on transforming the affordable-housing sector. Currently, Avanath owns more than 80 properties in 13 states. The majority of its 12,000 apartments are targeted to renters earning 40% to […]
Avanath Selected as Multifamily Influencer by Globe St.
Avanath Capital Management is an investment manager in the affordable and workforce housing sector. As an impact investor, the company has more than 11,000 units across the U.S. The firm actively advocates on behalf of the affordable housing industry and incorporates social impact programs into communities that improve resident outcomes and investor bottom lines. […]
Greystone Closes Sale, Provides $39 Million Fannie Mae Loan for Affordable Housing Acquisition in California
NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance firm, has provided a $39,060,000 Fannie Mae DUS® loan for the acquisition of an affordable housing property in Corona, California, on behalf of Avanath Capital. The property was represented for sale by Aaron Hargrove and Eric Taylor of Greystone Real […]
Avanath Buys 360-Unit Affordable Seniors Housing Community in Corona, California
CORONA, CALIF. — Avanath Capital Management has purchased River Run Senior, an affordable seniors housing property located at 863 River Road in Corona. With this acquisition, Avanath now owns 11 properties in Southern California with 2,187 units under management in the region. […]
Avanath Capital Management Adds to Southern California Holdings with Acquisition of 360-Unit Senior Affordable Housing Community in Corona, CA
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired River Run Senior, a 360-unit senior affordable housing community in Corona, California, which is located in Riverside County. […]
Senior Complex Sold in Corona
River Run Senior, a 360-unit affordable apartment complex in Corona, has been acquired by Avanath Capital Management. […]