FUND RAISING: Avanath Capital Management (No. 36 owner), which is focused on the acquisition and preservation of affordable and workforce housing, closed its fourth discretionary fund in 2020 with $760 million in equity commitments, above its original commitment target of $550 million. Nearly half of the fund was raised during the pandemic and featured several […]
Company: Affordable Housing Finance
New Moves by AHF 50 Companies
Avanath Capital Management (No. 36 owner), which is focused on the acquisition and preservation of affordable and workforce housing, closed its fourth discretionary fund in 2020 with $760 million in equity commitments, above its original commitment target of $550 million. Nearly half of the fund was raised during the pandemic and featured several foreign investors. […]
Top 50 Affordable Housing Owners of 2020
The results are in for Affordable Housing Finance’s “Top 50 Affordable Housing Owners of 2020” and Avanath keeps moving up. We are proud to be one of the nation’s leading investors in affordable housing. […]
Avanath Capital Management Acquires Two Affordable Properties
Avanath Capital Management has announced the acquisition of a senior affordable housing community located in Sterling, Virginia, and a historic affordable family community in San Jose, California, comprising 209 units in total. The properties were purchased for $44.65 million. The acquisitions represent the firm’s continued expansion into new markets as well as its ability to […]
Avanath Capital Management Acquires Three Communities
Avanath Capital Management has acquired three affordable housing developments, adding 290 units to its existing portfolio of more than 10,000 units across the nation. The latest acquisitions involve two communities in Detroit and another in Orange City, Florida. […]
Bold Solutions Needed to Address the Affordability Crisis
Big ideas and out-of-the-box solutions are needed to solve the nation’s affordability crisis, according to industry leaders. “The biggest issue is the growing divide between the availability of resources and the need for affordable housing at the entire spectrum of the market, both on the homeless side and the missing middle,” Richard Gerwitz, co-head of […]
Avanath Capital Launches Multifamily Development Company
Avanath Capital Management, a private real estate investment manager and adviser, has launched a multifamily development company that will focus primarily on affordable housing. […]
Strength in Numbers
The AHF 50 owners hold more than 620,000 affordable housing units across the country. […]
Avanath Acquires Three Affordable Housing Developments in Brooklyn
The 46-unit portfolio was bought for $14.4 million. Avanath Capital Management has acquired an affordable housing portfolio of three apartment buildings in Brooklyn, N.Y. The properties were acquired in joint partnership with New York-based Oak Tree Management. […]