Avanath Capital Management Acquisition of The Grove at Orenco Station

Deal value: $61,500,000

Acquisition of The Grove at Orenco Station, a 220-unit affordable multifamily property in Hillsboro, Oregon, built in 2018, with 100% of units income-restricted.

The acquisition of The Grove at Orenco Station reflects Avanath Capital Management’s core strategy of investing in affordable multifamily housing in high-demand markets. The motivation is driven by the persistent shortage of income-restricted rental units, especially in growing metropolitan areas like Hillsboro, Oregon. Avanath seeks stable, risk-adjusted returns through current income and long-term capital appreciation, capitalizing on demographic trends and policy support for affordable housing. The timing aligns with heightened investor interest in resilient, mission-driven real estate assets amid economic uncertainty.