The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 6, 2021
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Avanath Capital Management Buys 85-Unit OC Senior Housing Community

2/12/21

Avanath Capital Management LLC has purchased The Grove Senior Apartments, an 85-unit senior housing community in Garden Grove, for $19.85 mil, or $233.5k/unit. The property was acquired from Meta Housing, an affordable housing developer based in Los Angeles.

The Grove, which is currently 100% occupied, consists of a single, four-story garden-style building that features a variety of amenities including a fitness center, club room, courtyard, and bus stop directly in front of the property. It is is located at 12721 Garden Grove Blvd, just off the 22 and 5 freeways and adjacent to the Garden Grove Hospital and Medical Center.

Meta Housing, the developer of the community and previous owner, offered social programs at the community including Senior Olympics, computer training, language classes, gardening clubs, arts and crafts, and health and wellness activities, among others. Avanath plans to continue and expand these in-place social programs, including the addition of its virtual gym memberships offering through Wellbeats to residents.

“The apartment community has remained 100% occupied and has maintained collections throughout the pandemic,” says Daryl Carter, Founder, Chairman and CEO of Avanath Capital Management. “This speaks to the quality of the asset, as well as the tremendously high demand and need for affordable housing among seniors in the area.”





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media