press releases
& articles

Investment firm buys 240-unit senior complex in Edison

Real Estate NJ

An investment firm has acquired an affordable senior housing complex in Edison, its second acquisition in New Jersey this year.

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Avanath Capital Expands East Coast Footprint

Connect Media

Avanath Capital Management, LLC acquired two affordable multifamily properties totaling 273 units for $29.36 million. The assets include Menlo Manor (pictured), a 240-unit affordable senior housing community in New Jersey, and Coral Ridge Isles, a 33-unit workforce housing community in Florida. Both properties were acquired through Avanath’s institutional fund, Avanath Affordable Housing III.

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Avanath Capital Adds to Growing Affordable Housing Portfolio

CoStar News

A California-based real estate investment manager has added to its portfolio of affordable and workforce housing with acquisitions in New Jersey and Florida, totaling 273 units for a combined $29.4 million.

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18 Impact Investing Trends You Haven’t Seen Before And 1 You Have

Forbes

Below are 19 trends in the impact investing world that are most likely unknown to you, because they are developing in pockets and corners of the arena where most people don’t have visibility. One or two of these may be familiar to readers who work in the space.

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When Opportunity Knocks: Cities Eager To Take Advantage Of Opportunity Zones

Bisnow

LONG BEACH, CALIF. — In Downtown Long Beach, million-dollar homes, high-end condominiums and luxury apartments line Ocean Boulevard, just a few steps from the beach. The waterfront has high-rise hotels, towering office buildings and chic retail and restaurants. The city also has pockets of abject poverty.

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Experts Weigh In On How To Build More Workforce Housing

Bisnow

When it comes to housing, the middle class is getting squeezed. Many tax incentives go toward affordable housing for low-income residents, and the rising cost of land and construction have many developers building market-rate projects, which doesn’t leave much room for those developers wanting to build workforce housing products, experts said.

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NMHC Members Meet with HUD, FHFA Leadership

NMHC members held a number of top-level meetings with HUD and FHFA leadership on June 27.

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Changing the Perception of Affordable Housing

Multi-Housing News

Affordable housing goes beyond the concept of Section 8 housing and government assistance. Industry experts at the National Apartment Association’s Apartmentalize conference shared the benefits that this asset class can bring to a neighborhood.

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The affordable majority: Three misconceptions about investment in affordable housing

Real Assets Adviser

The affordable-housing sector presents tremendous opportunity to investors, yet it remains one of the most commonly misunderstood product types. While an increasing amount of institutional and private capital has flowed to the sector over the past several years, a variety of common misconceptions persist. Here is what investors really need to know about affordable housing.

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Gender Disparity Still Characterizes Multifamily Leadership

Multifamily Executive

Diversity initiatives move the needle for women and minorities in the apartment industry’s strategic hierarchy, but most firms have a long way to go.

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