Monday, November 2, 2015

Avanath Capital Management Acquires Portfolio Encompassing Four Apartment Building in Brooklyn, NY

John R. Williams
BROOKLYN, NY - Avanath Capital Management, LLC  , a private real estate investment manager, has acquired a multifamily portfolio encompassing four rent-stabilized apartment buildings in Brooklyn, New York in an off market transaction. The properties were acquired in joint partnership with Oak Tree Management for a total of $60 million.

The four-asset portfolio was purchased through Avanath Affordable Housing II, LLC, a fund with $200 million of equity commitments. 

"Brooklyn is a market with unbridled investment potential," says John Williams, President and CIO of Avanath Capital Management.  "Based on high growth throughout the region, rising market rents, and strong employment hubs both in Brooklyn and the surrounding boroughs, this acquisition is positioned to deliver strong risk-adjusted returns for our investors."

For a complete copy of the company’s news release, please contact:

Lexi Astfalk/Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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