UPPER MARLBORO, MD AND WHARTON, NJ — Avanath Capital Management, LLC, a private real estate investment manager and registered investment adviser, has acquired three multifamily properties totaling 311 units for a combined consideration of $38.08 million.
The firm acquired Largo Center, a 100-unit family housing community for $14.3 million and Vistas at Lake Largo, a 110-unit senior housing community for $15.03 million, both in Upper Marlboro, MD. Avanath Capital also acquired Centennial Court, a 101-unit senior living complex for $8.75 million in Wharton, NJ. This is the firm’s first acquisition in New Jersey.
These acquisitions were purchased through Avanath’s institutional fund, Avanath Affordable Housing III.