Thursday, April 30, 2015

Avanath Capital Management Acquires Affordable/Workforce Housing Portfolio in Orlando, FL and North Carolina for $45.9 Million


John R. Williams
IRVINE, CA – Avanath Capital Management, LLC, a private real estate investment manager, has acquired a two-property, 553-unit affordable housing portfolio in Orlando, Florida and Cary, North Carolina for $45.9 million through an off-market transaction.

Avanath specializes in the acquisition and operation of affordable and workforce housing assets nationwide, with a focus on supply-constrained markets.

“Undersupplied affordable housing markets, particularly in high-growth cities, are experiencing even greater pressure as general multifamily rents continue to rise throughout the nation,” notes John R. Williams, President and CIO of Avanath.

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

Amanda Brenner/ Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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