press releases
& articles

Selling points: Investor wakes up to bedroom community

Real Estate Weekly

Avanath Capital Management, LLC, an institutional fund manager, has acquired Grand Pointe Park, a 156-unit workforce housing asset in Poughkeepsie.

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New York property acquired for $19.3 million

Real Estate Investment Times

Avanath Capital Management has acquired a residential asset at Grand Pointe Park in Poughkeepsie, New York, for $19.3 million.

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Carson Calls for Partnerships

Affordable Housing Finance

The nominee to be the next HUD secretary is expected to be confirmed.

“I think it’s a good hire, says affordable housing industry veteran Daryl Carter, chairman and CEO of Avanath Capital Management. “I know people say he doesn’t have housing experience, but he is an incredibly bright, world-renowned neurosurgeon. He can figure this out. The more important thing for in history.”

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Avanath Capital Management Acquires Multifamily Property in Poughkeepsie for $19.3M

RE Business Online

POUGHKEEPSIE, N.Y. — Avanath Capital Management has acquired Grand Pointe Park, a 156-unit apartment complex in Poughkeepsie, for $19.3 million.

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Avanath Secures Hudson Valley Workforce Property

Multi-Housing News

The company’s acquisition of the asset in Poughkeepsie, N.Y., reflects rising demand in big-city suburbs.

Poughkeepsie, N.Y.—Avanath Capital Management, headquartered in Irvine, Calif., has acquired a 156-unit workforce apartment building in the New York City metro submarket of Poughkeepsie, N.Y. Grand Pointe Park is an apartment community situated at 161 Clubhouse Drive, a mere three miles from Poughkeepsie Station. The station serves commuters by providing train service to Grand Central Station in New York City.

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Avanath Capital Management Acquires 156-Unit Workforce Houing Assetin New York Metro Submarket

Done Deals

POUGHKEEPSIE, NY – Avanath Capital Management, LLC, an institutional fund manager that has invested in over $1 billion in affordable and workforce housing properties throughout the United States, has acquired Grand Pointe Park, a 156-unit workforce housing asset in the Poughkeepsie submarket of the greater New York metro.

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Avanath Capital acquires housing asset in Poughkeepsie, N.Y.

IREI Newsletter

POUGHKEEPSIE, NY, (March 20, 2017) –Avanath Capital Management, LLC, an institutional fund manager that has invested in over $1 billion in affordable and workforce housing properties throughout the United States, has acquired Grand Pointe Park, a 156-unit workforce housing asset in the Poughkeepsie submarket of the greater New York metro.

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Avanath Capital Management Acquires 156-Unit Workforce Housing Asset in New York Metro submarket

New York Citybizlist

Avanath Capital Management, LLC, an institutional fund manager that has invested in over $1 billion in affordable and workforce housing properties throughout the United States, has acquired Grand Pointe Park, a 156-unit workforce housing asset in the Poughkeepsie submarket of the greater New York metro.

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Avanath Capital Management Acquires 156-Unit Workforce Housing Asset in New York

Blau Journal

March 20, 2017 — Avanath Capital Management, LLC, an institutional fund manager that has invested in over $1 billion in affordable and workforce housing properties throughout the United States, has acquired Grand Pointe Park, a 156-unit workforce housing asset in the Poughkeepsie submarket of the greater New York metro.

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Keeping Housing Affordable in Poughkeepsie

Connect Media

It’s not a value-added investment in the usual sense. However, Avanath Capital Management has a long-term plan to keep the 156 apartments at Grand Pointe Park, in Poughkeepsie, NY, relatively affordable. The developer recently paid $19.3 million for the property.

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