press releases
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Strength in Numbers

Affordable Housing Finance

The AHF 50 owners hold more than 620,000 affordable housing units across the country.

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Avanath Capital Management buys 156-unit multifamily for $19.3 million; Gourkine of CBRE Affordable Housing is sole broker

New York Real Estate Journal

Poughkeepsie, NY Avanath Capital Management, LLC has acquired Grand Pointe Park, a 156-unit workforce housing asset located at 161 Clubhouse Dr. Avanath purchased the property from a repeat private seller for $19.3 million. Dmitry Gourkine of CBRE Affordable Housing represented both the buyer and the seller in this deal.

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Eastern Consolidated Arranges $85M Loan for 12-Story Property in Manhattan

Real Estate Weekly

NEW YORK CITY — Eastern Consolidated’s capital advisory division has arranged an $85 million refinancing loan for a 12-story, 140,000-square-foot building with 133 residential and eight commercial units located at 2030 Broadway in Manhattan.

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Affordable housing specialist sees suburban migration

Real Estate Finance & Investment

Avanath Capital Management is seeing more people migrating to the suburbs to escape steep rents in urban area. To this end, affordable and workforce housing specialist recently completed the acquisition of Grand Pointe Park, a 156-unite workforce housing property in Poughkeepsie, N.Y.

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Selling points: Investor wakes up to bedroom community

Real Estate Weekly

Avanath Capital Management, LLC, an institutional fund manager, has acquired Grand Pointe Park, a 156-unit workforce housing asset in Poughkeepsie.

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New York property acquired for $19.3 million

Real Estate Investment Times

Avanath Capital Management has acquired a residential asset at Grand Pointe Park in Poughkeepsie, New York, for $19.3 million.

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Carson Calls for Partnerships

Affordable Housing Finance

The nominee to be the next HUD secretary is expected to be confirmed.

“I think it’s a good hire, says affordable housing industry veteran Daryl Carter, chairman and CEO of Avanath Capital Management. “I know people say he doesn’t have housing experience, but he is an incredibly bright, world-renowned neurosurgeon. He can figure this out. The more important thing for in history.”

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Avanath Capital Management Acquires Multifamily Property in Poughkeepsie for $19.3M

RE Business Online

POUGHKEEPSIE, N.Y. — Avanath Capital Management has acquired Grand Pointe Park, a 156-unit apartment complex in Poughkeepsie, for $19.3 million.

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Avanath Secures Hudson Valley Workforce Property

Multi-Housing News

The company’s acquisition of the asset in Poughkeepsie, N.Y., reflects rising demand in big-city suburbs.

Poughkeepsie, N.Y.—Avanath Capital Management, headquartered in Irvine, Calif., has acquired a 156-unit workforce apartment building in the New York City metro submarket of Poughkeepsie, N.Y. Grand Pointe Park is an apartment community situated at 161 Clubhouse Drive, a mere three miles from Poughkeepsie Station. The station serves commuters by providing train service to Grand Central Station in New York City.

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Avanath Capital Management Acquires 156-Unit Workforce Houing Assetin New York Metro Submarket

Done Deals

POUGHKEEPSIE, NY – Avanath Capital Management, LLC, an institutional fund manager that has invested in over $1 billion in affordable and workforce housing properties throughout the United States, has acquired Grand Pointe Park, a 156-unit workforce housing asset in the Poughkeepsie submarket of the greater New York metro.

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