Avanath Capital Management has announced the acquisition of a senior affordable housing community located in Sterling, Va., and a historic affordable family community in San Jose, comprising 209 units in total. The properties were purchased for $44.65 million. The acquisitions represent the firm’s continued expansion into new markets as well as its ability to realize […]
Category: Front Page News
Avanath Capital Management Acquires San Jose Apartment Property for $17.5MM
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of a senior affordable housing community located in Sterling, Virginia and a historic affordable family community in San Jose, California, comprising 209 units in total. The properties were purchased for $44.65 million. […]
Avanath Capital Management acquires two affordable housing communities totaling 209 units in Sterling, Virginia and San Jose, California
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of a senior affordable housing community located in Sterling, Virginia and a historic affordable family community in San Jose, California, comprising 209 units in total. The properties were purchased for $44.65 million. […]
Avanath Acquires 207-Unit Morton Village Workforce Housing Community in Metro Boston
Avanath Capital Management, an owner-operator of affordable and workforce housing properties, has acquired Morton Village, a 207-unit community located in the Boston suburb of Mattapan. The workforce housing property was built in 1965 and features an average unit size of 920 square feet. […]
City spends $4M on purchase of affordable apartments
The City of Boston has established a public-private partnership to purchase a 207-unit apartment building in Mattapan in an effort to keep the units affordable for low- and moderate-income residents. Mayor Martin Walsh announced the city’s contribution of $4 million toward the purchase of the Morton Village Apartments, located near Morton Street station on the […]
Avanath Capital Acquires 207-Unit Workforce Housing Community in Boston
Private real estate firm Avanath Capital Management has acquired Morton Village, a 207-unit workforce housing community in Boston’s Mattapan neighborhood. The acquisition represents Avanath’s first purchase in the Boston market. Built in 1965 by the seller, an affiliate of Mirak Properties, Morton Village consists of four separate four-story elevatored buildings located adjacent to the Morton […]
Avanath Capital Management enters Boston Market
Avanath Capital Management has acquired Morton Village, a 207-unit workforce housing community in the Boston area, from an affiliate of Mirak Properties. The acquisition represents Avanath’s first purchase in the Boston market, according to Daryl Carter, founder and CEO of Avanath Capital Management. […]
Avanath Acquires Boston Workforce Housing
Real estate firm Avanath Capital Management has acquired Morton Village Apartments, a 207-unit workforce housing community in the Boston borough of Mattapan, Mass. The seller is an affiliate of Mirak Properties. This represents Avanath’s initial foray into the Boston market. […]
Boston Mayor Walsh Announces Acquisition of 207 Affordable Rental Units in Mattapan to Protect Residents From Displacement
Boston Mayor Martin J. Walsh, Avanath Capital Management, LLC., Mirak Properties and CBRE Capital Markets announced the purchase of 207 rental units at the Morton Village Apartments in Mattapan, adjacent to the Morton Street station on the MBTA Fairmount Line. The acquisition of this property by Avanath will ensure that more than 200 low- and […]
Avanath Capital Management acquires 207-unit workforce housing community in Boston, Massachusetts
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S., has announced the acquisition of Morton Village, a 207-unit workforce housing community in Mattapan, Massachusetts, from an affiliate of Mirak Properties. The acquisition represents Avanath’s first purchase in the Boston market, according to Daryl Carter, Founder […]