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Misconceptions About Affordable Housing

Affordable investment is viewed by many institutional investors as a niche sector that also meets socially responsible investing, yet it is hardly a niche, Avanath's Daryl Carter tells GlobeSt.com.

By Carrie Rossenfeld | Updated on January 25, 2018

Daryl Carter Carter: “The affordable investment sector is a unique alternative in that it does not sacrifice profits for social responsibility, and vice versa.”

IRVINE, CA—Affordable-housing investment is viewed by many institutional investors as a niche sector that also meets socially responsible investing, yet it is hardly a niche, Avanath Capital Management‘s founder, chairman and CEO Daryl Carter tells GlobeSt.com. As we reported earlier this month, the firm announced the final close of both its “Avanath Affordable Housing III” and “Avanath III NY Co-Investment” Funds with $388 million in equity commitments.

“Combined, the funds are one of the largest affordable housing funds in the country, enabling us to further our investment strategy of acquiring and preserving affordable housing assets in supply-constrained markets with high barriers to entry that are poised for strong job, income and economic growth,” John Williams, president and chief investment officer for Avanath, said in a prepared statement.

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