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 […]
Category: Front Page News
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 […]
Avanath Capital Management Closes Fourth Fund with $760 Mil in Equity Commitments
Avanath Capital Management LLC has closed its fourth discretionary fund with a total of $760 mil in equity commitments, which is significantly above the fund’s original commitment target of $550 mil. The fund will target affordable/workforce housing assets in supply-constrained markets with high barriers to entry that are poised for strong job, income, and economic […]
Avanath Capital Management closes fourth discretionary fund at $760m
Avanath Capital Management has completed a final close of its fourth discretionary fund with $760 million in equity commitments, surpassing its target of $550 million. The fund targets affordable and workforce housing in supply-constrained markets in the United States, with an emphasis on underserved markets. “Our focus has always been on preserving affordability in underserved […]
Multifamily firms find new US Stimulus too little, but not too late
The latest round of federal pandemic relief includes several provisions that could provide a needed boost to multifamily owners and renters, but it remains to be seen if the array of tools will be enough to offset losses or reverse the creeping trends of rising vacancies and falling rents. This week, Congress passed a $900 […]