Tuesday, July 7, 2015

Avanath Capital Management Holds Final Closing on $200 Million ‘Avanath Affordable Housing II’ Fund


John R. Williams
IRVINE, CA, July 7, 2015 – Avanath Capital Management, LLC, a private real estate investment manager, has announced the final close for Avanath Affordable Housing II Fund, having completed its $200 million capital raise, according to John R. Williams, President and CIO of Avanath.

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

According to Williams, the fund is comprised of 10 investors, including three state pension funds, two banks, three insurance companies, one foundation and one family office.

“Six of our 10 investors are repeat investors, which speaks to the strength of our first fund,” explains Williams. “We are also gratified that our fund has appeal across such a broad spectrum of investor types. 

“With anticipated returns at 13 to 15 percent net to investors, we and all of our  investors are focused on bottom-line profitability. 

" In addition, the breadth of financial organizations involved in our second fund also shows support for the value of the social benefits we provide.  In the communities surrounding our investments, we are raising the bar for the quality of affordable housing in areas where it is most needed.”


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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