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Avanath Capital Closes Two Affordable Housing Funds

Avanath Capital Management LLC, a private real estate investment manager, held final close of its Avanath Affordable Housing III and Avanath III NY Co-Investment funds with $388 million in equity commitments. Combined, the funds are one of the largest affordable housing funds in the country. The funds’ investment strategy is to acquire and preserve affordable housing assets in supply-constrained markets with high barriers to entry that are poised…

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