press releases
& articles

Strength in Numbers

Affordable Housing Finance

The AHF 50 owners hold more than 620,000 affordable housing units across the country.

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Avanath Capital Management buys 156-unit multifamily for $19.3 million; Gourkine of CBRE Affordable Housing is sole broker

New York Real Estate Journal

Poughkeepsie, NY Avanath Capital Management, LLC has acquired Grand Pointe Park, a 156-unit workforce housing asset located at 161 Clubhouse Dr. Avanath purchased the property from a repeat private seller for $19.3 million. Dmitry Gourkine of CBRE Affordable Housing represented both the buyer and the seller in this deal.

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Eastern Consolidated Arranges $85M Loan for 12-Story Property in Manhattan

Real Estate Weekly

NEW YORK CITY — Eastern Consolidated’s capital advisory division has arranged an $85 million refinancing loan for a 12-story, 140,000-square-foot building with 133 residential and eight commercial units located at 2030 Broadway in Manhattan.

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Affordable housing specialist sees suburban migration

Real Estate Finance & Investment

Avanath Capital Management is seeing more people migrating to the suburbs to escape steep rents in urban area. To this end, affordable and workforce housing specialist recently completed the acquisition of Grand Pointe Park, a 156-unite workforce housing property in Poughkeepsie, N.Y.

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