Avanath Capital Management LLC, headquartered in Irvine, has joined forces with Vessel Technologies, Inc., a socially responsible housing product company. Together, they will acquire and develop multifamily communities in various markets throughout the country.
According to Daryl J. Carter, founder and CEO of Avanath, Vessel’s innovative solutions make it possible to create attractive and sustainable multifamily communities at a fraction of the cost and time typically required for traditional apartment construction. This aligns with Avanath’s mission of providing quality housing that is affordable for working-class individuals.
The initial phase of this partnership involves acquiring two developments currently under construction in Connecticut totaling 166 units. The long-term goal is to identify additional development opportunities across the United States and build a pipeline of 10 properties managed by Avanath by 2025. Ultimately, their aim is to develop a total of 5
