Avanath Capital Management enters Boston market
Avanath Capital Management has acquired Morton Village, a 207-unit workforce housing community in the Boston area, from an affiliate of Mirak Properties. The acquisition represents Avanath’s first purchase in the Boston market, according to Daryl Carter, founder and CEO of Avanath Capital Management.
Morton Village is located at 65 Morton Village Drive in Mattapan, Mass.
“As a leading investor in workforce housing communities in key markets throughout the nation, Avanath has deep expertise in identifying opportunities to own and operate attractive and budget-friendly workforce housing in markets with a demonstrated need for those assets,” said Carter. “Boston, which is one of the nation’s top tech and life sciences hubs, aligns well with our strategy of investing in regions with strong job and population growth and in locations that are in close proximity to employment and transportation centers, where there are barriers to developing new supply. We are th