press releases
& articles

Private Equity Is New(ish) Player in Affordable and Workforce Housing Finance

Urban Land Institute

Avanath Capital Management has focused on making strategic investments in properties that cut down on expenses and increase operational efficiency, says Daryl J. Carter, Avanath’s founder and CEO, former ULI trustee, and chairman of the National Multifamily Housing Council. Launched in 2008, Avanath has acquired nearly 30 properties—many of them built through the low-income housing tax credit (LIHTC) program—and preserved over 2,200 affordable units in markets across the United States. Properties in its portfolio tend to be mixed-income environments where a majority of units are intended for households making between 40 and 80 percent of AMI.

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Hoop Dreams Revisited

National Multifamily Housing Council

A year ago, my company, Avanath Capital Management, acquired Northpointe Apartments, a 528-unit apartment community built in the 1960s in Long Beach, Calif. It is an affordable property, located in a super ethnically diverse, working class neighborhood in North Long Beach, close to the cities of Compton and Paramount. The rapper, Snoop Dogg, grew up a couple of miles from our property.

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Preserving Multifamily Workforce and Affordable Housing

Stockton Williams

New Approaches for Investing in a Vital National Asset

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