press releases
& articles

Joint venture purchases New York affordable housing portfolio for $73 million

Real Estate Investment Times

Avanath Capital Management and Oak Tree Management have acquired 17 apartment buildings in Brooklyn for $73 million.

The portfolio consists of 198 units across one property in Prospect Heights, seven in Crown Heights, two in Williamsburg and seven in Bedford-Stuyvesant.

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Avanath Capital Acquires 17-Property Multifamily Portfolio in NYC for $73M

RE Business Online

Avanath Capital Management has acquired an affordable housing portfolio of 17 apartment buildings totaling 198 units in Brooklyn for $73 million.

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Avanath-Oak Tree JV Acquire Affordable Apartment Portfolio In Brooklyn

Globe St

The deal is the third time Avanath and Oak Tree have partnered on multifamily property acquisitions in Kings County.

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Avanath Capital ploughs $73m into Brooklyn affordable housing

IPE Real Estate

Avanath Capital Management has invested $73m (€64.9m) in a Brooklyn affordable housing portfolio.

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Avanath Capital Management Doubles Brooklyn Footprint; Acquires 17-Building Affordable Housing Portfolio for $73 Million

Done Deals

Avanath Capital Management, LLC, an institutional fund manager that has invested over $1 billion in affordable and workforce housing properties throughout the United States, has acquired an affordable housing portfolio of 17 apartment buildings totaling 198 units in Brooklyn, New York for $73 million.

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Unmet Demands In Affordable And Workforce Housing

Globe St

IRVINE, CA—The market needs larger, three- and four-bedroom units to accommodate families, creating a unique opportunity for investors to capitalize on this demand with larger floor plans and multiple bedrooms, Avanath’s John Williams tells GlobeSt.com.

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Mission: Success

Multi-Housing News

For workforce housing veteran Daryl Carter, success starts at home.

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Selling Points

Real Estate Weekly

The Durst Organization has acquired a slice of the Philadelphia waterfront for just over $21 million, according to sources.

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Carson Calls for Partnerships

Affordable Housing Finance

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

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