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March 22, 2016 Comments Off on Avanath Enters Pacific Northwest Views: 458 California, California News, National News, Washington, West

Avanath Enters Pacific Northwest

Avanath Capital Management LLC has entered the Pacific Northwest with its acquisition of the 251-unit residential community of Silver Springs in Kent, WA. The Irvine, CA buyer paid $32.2 million to a local private developer for the property at 22416 88th Ave.

Silver Springs was acquired, along with the 117-unit Oak Village, through Avanath’s $200 million Avanath Affordable Housing II LLC fund; in fact, the assets are the fund’s final buys. Avanath is on track to close its third institutional fund. Oak Village is a 100% affordability housing asset at 801 14th St. in Oakland, CA.

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