Avanath has acquired Lincoln Park Plaza, a 256-unit mixed-use, mixed-income multifamily community with ground-floor retail, located in the Lakeview submarket of Chicago, Illinois.

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More than 300 Avanath community team members, corporate employees, and partners recently gathered for our 2023 Leadership Conference in Costa Mesa, California. This annual event serves as a way for us to come together, share new knowledge and experiences, and grow to be the best we can be to serve our residents and the greater community.

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Avanath has been named Partner of the Year for Energy Management by ENERGY STAR®. Our company is the only owner and operator of affordable housing to receive this designation.

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GlobeSt., a leading publication for professionals in commercial real estate, recently named Avanath one of the Best Places to Work in the industry.

Our firm was recognized for its leadership and management teams that comprise diverse leaders with unique backgrounds, prioritization of employee growth and development, and promotion of a healthy work/life balance.

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Accessibility to affordable housing has become increasingly challenging in the Sacramento market. The area has been hit especially hard with rent increases over the last few years, with the average rental rate rising by 12% between August 2021 and mid-year 2022. These jumps have widened the gap between market-rate and affordable rents considerably, increasing the potential for high-quality, budget-friendly apartments in this market.

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Avanath is proud to be ranked among the country’s Top Affordable Housing Owners on Affordable Housing Finance’s definitive annual list, the AHF 50.

This marks our firm’s highest spot on the list to date, a testament to how our team has been able to grow in scale and enhance our capabilities to provide quality affordable housing and Lifestyle Within Reach to residents in underserved areas throughout the country.