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| 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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