In North Long Beach, residents at Avanath Capital’s Northpointe Apartments community have access to financial literary courses, computer training and an after-school program for kids. […]
Category: Front Page News
Avanath Enters the Opportunity Zone Game
Avanath Development has entered the opportunity zone race. The firm has launched a qualified opportunity zone fund with a target raise of $300 million, which the firm plans to hit in the next six months. […]
Avanath and Opportunity Assets Group Launch $300M Opportunity Zone Fund
Avanath Development and Opportunity Assets Group have launched a qualified opportunity zone fund with a target raise of up to $300 million. […]
Developer changes affordable housing dynamic by investing in lives
There is a large map on a large computer screen on Daryl Carter’s desk that shows his company’s portfolio of nearly 10,000 apartments that stretch from the shores of California to the New York waters. In total, the properties are worth some $1.5 billion and what’s astonishing is that the units are what’s called “affordable housing” yet […]
Avanath Expands East Coast Portfolio; Acquires 200+ Affordable Family And Senior Units In New York And Maryland For $36.25 Million
Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has expanded its East Coast portfolio, acquiring two affordable properties in New York and Maryland for a combined total of $36.25 million. […]
Previewing ULI’s National 2019 Housing Opportunity Conference
John Williams, President and CIO of Avanath Capital Management, shares a few thoughts leading up to next month’s ULI National Housing Opportunity gathering in Newport Beach, CA. He looks at what’s ahead for the year, touches on a few of the in-demand services and amenities, as well as investors’ and developers’ views on affordable housing. […]
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units. […]
As Affordable Housing Demand Grows, Developers Struggle to Keep Up
A shortage of more than 7.2 million affordable housing units exists nationwide for households with incomes at or below the poverty level, defined as 30 percent of area median income, according to the National Low Income Housing Coalition. But finding affordable housing is not just an issue for impoverished people. Typically, renters who earn up to […]
Big-money investors are piling into ‘opportunity zone’ funds in lower-income neighborhoods, but there are a bunch of reasons to be cautious
“Opportunity zone” investments are this season’s must-have product for investment firms of all stripes. The funds, which target economically depressed areas that could benefit from new tax breaks, are the investment du jour for everyone from Goldman Sachs to Anthony Scaramucci’s SkyBridge Capital. Even Amazon is set to benefit — its planned outpost in the […]