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Avanath launches third affordable housing fund

by Zoë Wolff

Avanath Capital Management has launched its third affordable housing fund, according to a filing with the SEC.

Avanath Affordable Housing III is expected to follow a similar strategy to that of its predecessor, Avanath Affordable Housing II, which targets affordable and workforce housing assets across the United States.

Fund II held a final close of $200 million in July 2015. Avanath Affordable Housing I had a final close in April 2012, raising $120 million.

 

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