Avanath Capital Management has received a $75 million equity commitment to the Avanath Affordable Housing Renaissance Fund from Ballmer Group, a philanthropy focused on improving economic mobility for children and families in the United States with a growing commitment to addressing the housing crisis in America. The investment in Avanath is part of Ballmer Group’s dual-fund approach to help address the growing housing crisis, Ballmer Group announced on on its website.
The Renaissance Fund, which encompasses a portfolio of 30 multifamily communities with an asset value of $1.35 billion, is focused on investment in affordable and workforce housing acquisition, preservation, renovation, development, and operations throughout the United States.
Daryl J. Carter, founder, chairman, and CEO of Avanath, shared that the open-end fund, which focuses excl
