An affordable housing complex in Sterling sold for $27.15 million, commercial real estate investment firm Greysteel announced last week.Located at 46565 Harry Byrd Hwy., the 150-unit Cascades Village Senior Apartments sold to Irvine, California-based Avanath Capital Management LLC, which focuses on acquiring existing affordable housing properties. Developed in 2001, the apartment complex is age-restricted (55 […]
Category: Front Page News
Avanath Expands Affordable Housing Portfolio in Greater Washington, DC
California-Based Affordable Housing Investor Completes Deal for Cascades Village Senior Apartments in Sterling, Virginia […]
Pancakes and Politics
Daryl Carter was featured as a panelist for Pancakes & Politics Forum IV: Rebuilding American Cities through a Lens of Equity and Inclusion. […]
Impact Real Estate: Avanath with John Williams
On this episode of the TBG Real Estate Podcast, we talk with John Williams, President and Chief Investment Officer at Avanath. John walks us through the his journey in affordable housing, what it takes to get into the space, and how the landscape is changing for investors. It’s an episode full of great information as […]
They’re Making the Rent. Is It Costing Their Future?
They’ve made it with government checks and family help. They’ve made it with savings and odd jobs. They’ve made it with church charity, nonprofit rescue funds, GoFundMe campaigns. One way or another, through five months of economic dislocation, the nation’s tenants have for the most part made their rent. […]
What an end to stimulus means for US multifamily
US multifamily has been relatively unscathed during the covid-19 crisis, thanks in part to a federal stimulus, including a $600 per week unemployment supplement that has helped millions of jobless Americans pay their rents. […]
Introducing the 5,000 Fastest-Growing Private Companies in America
Explore Inc.’s annual ranking of the private companies with the most proven track records, including Avanath who ranked at number 3,125. […]
NCSHA Receives Grant from Robert Wood Johnson Foundation to Advance Healthy Housing
The National Council of State Housing Agencies (NCSHA) today announced it has received funding from the Robert Wood Johnson Foundation to advance opportunities for financing healthier multifamily affordable housing. […]
How the Apartment Industry Can Address Inequality
Housing is a central component of inequality in this country, and the apartment industry and apartment owners are in a position to directly address issues of inequality related to housing. While there is certainly an ethical and moral reason to create more equitable housing, there is also a financial reason too. […]
Avanath Capital Management Provides Action Plan to Address Inequality
Avanath Capital Management, a minority-owned private real estate firm that invests in affordable and workforce housing throughout the United States, has announced an action plan aimed at helping the multifamily industry address inequality in minority communities. […]