WASHINGTON – May 1, 2019 – A representative of the National Multifamily Housing Council and the National Apartment Association – Daryl Carter, founder, chairman and CEO of Avanath Capital management – offered insight and recommendations to lawmakers on ways to help America’s housing shortage.
Abridged testimony presented by Carter
Socially responsible multifamily investment
Avanath is uniquely positioned in the multifamily industry as a firm that focuses on affordable and workforce housing in low-income areas with more than half of our properties being located in communities of color. We strategically invest in markets where renters have high cost burdens. Since our founding, we have served communities with the highest demand for affordable multifamily apartments and the greatest constraints to new supply.
Families with incomes of $30,000 to $80,000 represent the largest segment of the rental housing market. … Avanath believes that the affordable housing sector provides excellent and sustainable risk-adjusted returns with high barriers to entry and strong downside protection.
Source: © 2019 Florida Realtors®