Avanath Capital Management acquires two affordable housing communities for $44m

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 […]

Read More…

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. […]

Read More…

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. […]

Read More…

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 […]

Read More…

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 […]

Read More…

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. […]

Read More…

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. […]

Read More…

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 […]

Read More…