press releases
& articles

SELLING POINTS: HFF marketing Kips Bay residential building, Citicore sells Bronx portfolio

Real Estate Weekly

Fund makes workforce investment

Avanath Capital Management, LLC, an institutional fund manager that specializes in affordable and workforce housing investments, has acquired a portfolio of three apartment buildings in Brooklyn. The properties were acquired in joint partnership with New York-based Oak Tree Management.

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Finley of Avanath Capital Management handles $14.4 million portfolio acquisition with Oak Tree; Johnston of Cushman & Wakefield represents seller

New York Real Estate Journal

BROOKLYN, NY – Avanath Capital Management, LLC has acquired an affordable housing portfolio of three apartment buildings. The properties were acquired in joint partnership with Oak Tree Management for $14.4 million.

Ben Finley, a senior vice president with Avanath, who was responsible for sourcing and acquiring the deal, said that this acquisition aligns with Avanath’s strategy of targeting affordable assets that present a significant opportunity for deep value creation.

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