Investors are rushing to buy apartment properties—with a lot of help from lenders willing to finance their deals. Freddie Mac and Fannie Mae lenders remain eager to lend money to investors buying properties—at historically low interest rates. “There is an enormous amount of capital,” says John Sebree, senior vice president and national director of Marcus & Millichap’s […]
Category: Front Page News
2020 Sustainability Report
BMO Partners with Avanath Capital Management to help create wealth in black communities in the U.S. “Affordable housing creates the conditions for building Black wealth in this country,” says Daryl Carter, Founder, Chairman and CEO at Avanath Capital Management. “When we invest in a community – in all different dimensions – the community gets stronger.” […]
Avanath Capital Management Acquires Two Affordable Properties
Avanath Capital Management 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. The acquisitions represent the firm’s continued expansion into new markets as well as its ability to […]
Avanath Buys Cascades Village Affordable Community in Virginia for $27.2M
Avanath Capital Management has acquired Cascades Village, a 150-unit affordable seniors housing community in the Washington, D.C. suburb of Sterling, for $27.2 million. “Avanath was attracted to Sterling because home pricing and existing market-rate product in the market are unaffordable to lower income renters, resulting in a significant demand for affordable rental units in the […]
Creative Solutions Expand Affordable Housing Supply in Northeast Markets
A severe shortage of affordable housing that has been building for years and may soon be exacerbated by the expiration of the federal eviction moratorium is forcing developers to be more aggressive and innovative in terms of how they add much-needed supply in dense, high-growth markets. According to a 2020 report by the National Low […]
Calif.-based company buys Sterling apartment complex for $27.15M
An affordable housing complex for seniors in Sterling has sold for $27.15 million, Irvine, California-based Avanath Capital Management announced late last week. Built in 2001, Cascades Village is a three-story apartment complex for residents 55 years of age and older. The property is 98.7% occupied. The units sit on 5.65 acres and the property also […]
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 […]
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. […]