press releases
& articles

Middle Market Digest: This Week In Southwest

GlobeSt

Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

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Boulder Junction meets up with buyer at $13.6 million

Colorado Real Estate Journal

An affordable apartment community in one of the hottest locations in Boulder sold to a Southern California firm for $13.6 million.

The nearly $200,000 per unit Avanath Capital Management LLC paid for Depot Square is about $173,000 per unit less than what a buyer could expect to pay for market-rate product in Boulder.

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Big Impact: Why impact investing is gaining traction among global investors

Real Assets Adviser

Impact investing — the choice to make investments with a positive social impact — is gaining momentum among institutional investors. According to a 2016 Global Impact Investment Survey, assets under management in this sector increased from $25.4 billion in 2013 to $35.5 billion in 2015, indicating substantial growth and strong investor appetite for social impact investments.

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Demand for Affordable Housing Creates Opportunity For Investors

PREA Quarterly

Within the commercial real estate sector, a number of property types present viable investment opportunities for institutional investors. As capital allocation in commercial real estate continues to grow, many pension funds and institutions are now seeking investment vehicles that will not only generate strong risk-adjusted returns but also deliver a social impact. n  When it comes to aligning profits and

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Avanath Acquires Denver Fully-Affordable Asset

Multi-Housing News

Represented by ARA Newmark, the company purchased the affordable community for $13.6 million and plans to implement light capital improvements and improve operational efficiencies to drive value.

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Avanath Capital Management Buys Acquires CO Affordable Housing Community

RENTV

Avanath Capital Management LLC recently acquired Depot Square, a 71-unit affordable housing community in Boulder, CO, for $13.6 mil ($191.5k/unit). This is the firm’s first acquisition in Colorado.

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Avanath Capital Management Makes First Foray Into Colorado, Near Google Campus

Bisnow Denver

Avanath Capital Management, an institutional fund manager specializing in affordable and workforce housing nationwide, has acquired the 71-unit Depot Square in Boulder for $13.6M. The property is the Irvine, California-based company’s first acquisition in Colorado.

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Avanath Capital Management enters Colorado market

IREI Newsletter

BOULDER, Colo., (July 25, 2017)–Avanath Capital Management, LLC, an institutional fund manager that has invested over $1 billion in affordable and workforce housing properties throughout the U.S., has acquired Depot Square, a 71-unit affordable housing community in Boulder, Colorado for $13.6 million. This is the firm’s first acquisition in Colorado.

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Avanath Capital Management Enters Colorado Market; Acquires Affordable Housing Community Near Boulder Google Campus

Done Deals

BOULDER, CO (July 25, 2017) – Avanath Capital Management, LLC, an institutional fund manager that has invested over $1 billion in affordable and workforce housing properties throughout the U.S., has acquired Depot Square, a 71-unit affordable housing community in Boulder, Colorado for $13.6 million. This is the firm’s first acquisition in Colorado.

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Affordable Apartment Community Trades in Heavily Amenitized Boulder

Mile High CRE

Boulder, CO — ARA, A Newmark Company (ARA Newmark) announces the $13.6 million sale of Depot Square, a new Class-A+, 71-unit, transit- and employment-centric, LEED Gold-certified community in Boulder, CO adjacent to the new Google campus. The Boulder submarket, the strongest in Colorado and one of the best in the nation, has the highest four-quarter average price per unit — at more than $373,000 and $442 per square foot— in the state. Depot Square is permanently affordable at 60 percent of the area median income (AMI) and traded at just under $200,000 per unit.

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