Long Beach units converting to affordable housing Avanath Capital Management in Irvine is converting just under half of a Long Beach apartment complex into affordable housing. The firm said it is restructuring 40% of the 358 units at Seaport Village by restricting rents to those who earn up to 80% of area median income. “As […]
Category: Front Page News
Avanath Preserves and Creates 500+ Affordable Housing Units in California and Florida
Avanath Capital Management LLC, an Irvine-based multifamily owner and operator that primarily focuses on affordable and workforce housing, has secured affordability restrictions on more than 500 existing units at two of the firm’s owned and managed multifamily communities, located in Long Beach, California and Kissimmee, Florida. […]
Avanath Secures Regulatory Agreements to Preserve and Create More Than 500 Affordable Housing Units in California and Florida
Avanath Capital Management has secured affordability restrictions on more than 500 existing units at two of the firm’s owned and managed multifamily communities, located in Long Beach, Calif., and Kissimmee, Fla. “As part of our ownership strategy, we continue to evaluate ways to enhance the long-term value of our portfolio and best serve our residents,” […]
Avanath Capital Management’s Ken McMackin on Affordability Preservation and Conversion as an Investment Strategy
Preserving affordability is increasingly being recognized as a strategy that not only supports communities but also strengthens the long-term performance of multifamily investments. In an interview, Ken McMackin, executive vice president of investments at Avanath Capital Management, explains how maintaining affordability commitments can drive resident stability, reduce turnover, and ensure consistent cash flow — ultimately […]
2025 Women In Business Awards
With more than 20 years of experience in real estate, Carly Stevenson is a trailblazer and respected leader in the field of property management. As executive vice president of property management at Avanath Capital Management, a mid sized private investment firm focused on affordable and workforce housing in underserved U.S. communities, she plays a pivotal […]
Data-Centric Foundation: The Real Challenge isn’t Developing The Technology but Evolving The Human Culture behind it and Building Leadership
As an information-rich domain, the real estate sector is well suited for the adoption of generative artificial intelligence (GenAI) technology. However, unlocking this potential requires cultural and operational readiness. “We’re in a moment of quiet acceleration. Most real estate investment firms aren’t ‘ready’ in the Silicon Valley sense of the word, but they are moving,” […]
The Supply-Demand Puzzle In Real Estate’s Living Sector
The supply situation in affordable housing is particularly acute. John Williams, President and Chief Operating Officer at investor Avanath Capital Management, says: “The most critical cause for this imbalance is that many developers don’t see how to make building affordable housing pay. They believe that the development of luxury multifamily communities is more financially viable.” […]
Top 50 Affordable Housing Owners of 2024
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Understanding Categories of U.S. Housing Investment
While interest in affordable housing in the United States has been increasing among institutional investors over the last several years, the term is often misunderstood. As demand grows, affordable housing itself has become somewhat nebulous, often used to describe a variety of asset classes with different characteristics. […]
Mission Success: Providing Homes is a Sacred Duty for this Avanath EVP
Property management veteran Carly Stevenson joins MHN’s Laura Calugar for a conversation about her mission and deep convictions. Because her parents taught her early on how important it was to have a stable job with a stable income, Carly Stevenson went to nursing school with the intent to follow in her mother’s footsteps. But she […]