Avanath Capital Management has acquired North End Village and Cameron Court, two affordable housing properties in Detroit. Avanath purchased the 50-unit North End Village for $2.1 million. Built in 2005, the community is fully leased and consists of four two-story buildings. Avanath is planning to make capital improvements such as LED lighting, landscaping, exterior paint, […]
Category: Front Page News
The Economy Gradually Started to Rebound in the Third Quarter
The economy may have already started the upward path to recovery in the third quarter. After a devastating second quarter, there was an uptick in commercial real estate activity in the third quarter and a notable improvement in economic fundamentals. All of this suggests that the recovery has begun. […]
Avanath Acquires Three Affordable Housing Communities
Avanath Capital Management has acquired three affordable housing communities: two in Detroit and one in Orange City, Fla., which is near Orlando. The three properties add a total of 290 units to Avanath’s existing portfolio of more than 10,000 units across the nation. […]
Avanath Capital Management acquires three affordable housing communities totaling 290 units in Orlando, Florida and Detroit, Michigan markets
Avanath Capital Management, a private real estate firm that invests in affordable and workforce housing properties throughout the U.S. on behalf of institutional investors, has announced the acquisition of three affordable housing communities: two in Detroit, Michigan, and one in Orange City, Florida, which is near Orlando. The three properties add a total of 290 […]
California developer plots expansion for Cary community
A West Coast developer has plans to expand an aging apartment complex in Cary by adding dozens of new units to the existing community. Earlier this month, investment firm Avanath Capital of Irvine, California, filed plans to add 43 new townhomes-style apartments to the Arbors at Cary Apartments, an affordable multifamily community in Cary. […]
Greysteel Arranges $27.2M Sale of Cascades Village Senior Apartments in Sterling, Virginia
Greysteel has arranged the sale of Cascades Village Senior Apartments, a Low-Income Housing Tax Credit (LIHTC) property in Sterling, approximately 25 miles northwest of Washington, D.C. A private local investor sold the property to Avanath Capital Management for $27.2 million. Cascades Village is a 150-unit, age-restricted affordable housing community developed in 2001 under the LIHTC. […]
Sterling affordable housing complex sells for $27.15M
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 […]
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 […]