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 […]
Category: Front Page News
Avanath enters Orange County market
Avanath Capital Management has entered the Orange County market with the acquisition of The Grove Senior Apartments, an 85-unit senior housing community in Garden Grove, Calif. The property was acquired for $19.85 million. Avanath is headquartered in Irvine, Calif., and while the firm has 10,000+ units within its portfolio across the United States, this marks […]
Avanath Buys Local, With Irvine Church’s Help
When Irvine’s Avanath Capital Management LLC was moving forward late last year on plans for an initial public offering for its real estate investment trust offshoot Aspire Real Estate Investors, Chief Executive Daryl Carter met with his share of Wall Street heavyweights. […]
Avanath Closes Fourth Discretionary Fund for Affordable and Workforce Housing
Avanath Capital Management has announced the final close of its fourth discretionary fund totaling $760 million in equity commitments, above the original target of $550 million. The fund is an investment vehicle dedicated to affordable and workforce housing, with an emphasis on underserved markets. It will target assets in supply-constrained markets with high barriers to […]
Q&A: John Williams on increased foreign appetite for U.S. affordable housing
John Williams is the president and CIO of Avanath Capital Management, an investment firm that acquires, owns, renovates and operates affordable, workforce and value-oriented apartment communities across the United States. Williams discusses the drivers behind increased foreign capital flowing to the U.S. affordable housing sector — particularly amid the COVID-19 pandemic — and what this means […]
Avanath raises $760m for fourth US affordable housing fund
Avanath Capital Management, LLC announced the final close of its fourth discretionary fund with a total of $760 million in equity commitments. That figure is significantly above the fund’s original commitment target of $550 million. Avanath’s Daryl Carter says, “Our focus has always been on preserving affordability in underserved markets across the country. As our […]
Breaking Ground: Daryl Carter, Founder, Chairman and CEO of Avanath Capital Management
Daryl Carter grew up in Detroit, the son of a factory worker and a maid who fled the South after World War II to seek a better life. They instilled a strong work ethic in their son and encouraged him to pursue the best possible education. Carter did just that, earning a bachelor’s degree in […]
Avanath Closes Fund Following $760M Raise, Orange County
Irvine-based Avanath Capital Management, LLC announced the final close of its fourth discretionary fund with a total of $760 million in equity commitments. That figure is significantly above the fund’s original commitment target of $550 million. Avanath’s Daryl Carter says, “Our focus has always been on preserving affordability in underserved markets across the country. As […]
Avanath Closes Fund Following $760M Raise
Irvine-based Avanath Capital Management, LLC announced the final close of its fourth discretionary fund with a total of $760 million in equity commitments. That figure is significantly above the fund’s original commitment target of $550 million. Avanath’s Daryl Carter says, “Our focus has always been on preserving affordability in underserved markets across the country. As […]
Avanath raises $760m for fourth US affordable housing fund
Avanath Capital Management has raised $760m (€615m) for its fourth US affordable and workforce housing fund. The private real estate investment manager said the amount raised at final close for its fourth discretionary fund exceeded the fund’s original $550m fundraising target. The manager said the fund was backed by a number of institutional investors including […]