SACRAMENTO, CA – Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, announces it has acquired in an off-market transaction, six affordable family and senior multifamily communities in the Sacramento, California, metropolitan area with an investment value of more than $181.6 million.
The acquisition expands Avanath’s presence in the Northern California market, a region where accessibility to affordable housing has become.
In 2020, a blaze consumed Big Basin Redwoods State Park, incinerating cabins, blackening ancient trees, and imperiling endangered murrelets. Staff now want to reimagine the park to better ensure the seabird’s future.