FOUNDER/CHAIRMAN/CEO, AVANATH CAPITAL MANAGEMENT
WHY: Longtime head of firm that acquires, renovates, and operates apartment properties, with an emphasis on affordable and workforce communities. Founded in 2007, portfolio now tops 14,000 apartment units, including more than 400 in Orange County.
IN THE NEWS: Ramping up Northern California footprint with nearly 2,000 units in the area, most recently paying $19M for a 120-unit affordable senior housing community in Sacramento.
NOTEABLE: Named a Business Journal 2023 Businessperson of the Year after firm’s 2022 investment spree totaling $1B that grew assets under management by more than 40% to $3.7B.
QUOTABLE: “There is virtually unlimited demand for quality affordable housing.”
