press releases
& articles

Hot Housing Markets Pinch Seniors

The Wall Street Journal

Decline in homeownership among older people leaves them susceptible to rent increases.

As young, high-earning workers flock to the San Francisco Bay Area, they are pushing up housing costs for everyone. But particularly hard-hit are people like 80-year-old Lois Plymale.

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Avanath Bought Seattle-Area Apartments from American Capital Group

Commercial Real Estate Direct

Avanath Capital Management bought the 251-unit Silver Springs apartments in the Seattle suburb of Kent, Wash., from American Capital Group of Bellevue, Wash.

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‘Enormous demand’ for affordable housing brings California company to Seattle region

Puget Sound Business Journal

As demand for reasonably priced apartments soars in the Seattle region, real estate investors are spending millions of dollars buying up properties that people can better afford.

Joining them is Irvine, California-based Avanath Capital Management, a private real estate investment manager, which this week announced its first acquisition in the Northwest: a 251-unit complex in Kent. The company, which specializes in affordable housing investments, paid $32.2 million for the property at 22416 88th Ave. S.

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Avanath Capital Management Acquires 2 Properties

Affordable Housing Finance

Avanath Capital Management has added two affordable housing properties to its portfolio.

The real estate investment firm has purchased Silver Springs, a 251-unit property in the Seattle metro suburb of Kent, Wash. The property is the firm’s first acquisition in the Pacific Northwest.

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Avanath Capital Management Acquires Two MF Properties

GlobeSt.com

IRVINE, CA—Developments are in Oakland an Kent WA, as the Orange County-based affordable housing specialist makes its first buy in the Pacific Northwest.

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Avanath Enters Pacific Northwest

Connect Media

Avanath Capital Management LLC has entered the Pacific Northwest with its acquisition of the 251-unit residential community of Silver Springs in Kent, WA. The Irvine, CA buyer paid $32.2 million to a local private developer for the property at 22416 88th Ave.

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Avanath Capital Management Acquires Oakland Asset for $12.6MM

The Registry – Bay Area Real Estate

Avanath Capital Management, LLC, a private real estate investment manager that specializes in affordable and workforce housing, has acquired two affordable multifamily assets, including Silver Springs, a 251-unit property in the Seattle metro suburb of Kent, Washington, as well as Oak Village, a 117-unit property in Oakland, California. Silver Springs is the firm’s first acquisition in the Pacific Northwest.

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Demand for Affordable Housing Heats Up

Commercial Property Executive

As the renter population grows, it has become increasingly difficult to find affordable housing. A report from the NYU Furman Center and Capital One examines the implications.

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