Avanath Capital Management LLC, represented by Daryl Carter, John R. Williams, and Keith Harris, has acquired Rivers Senior, an affordable senior housing community located at 705 Dorothy Adamo Lane in West Sacramento, for a total price of $19,000,000. The property consists of 120 units, and the price per unit (PPU) is $158,333. Avanath Capital Management intends to make capital improvements to the property and manage it internally to offer high-quality affordable housing for seniors in an area with limited affordability.

Summary of transaction details

• Property Type: Senior Housing
• Transaction Amount: $19,000,000
• Address: 705 Dorothy Adamo Lane
• Market: West Sacramento
• Buyer: Avanath Capital Management LLC - Daryl Carter, John R. Williams & Keith Harris
• Units: 120
• PPU: $158,333

The acquisition of Rivers Senior in West Sacramento was led by Avanath Capital Management LLC, with Daryl Carter, John R. Williams, and Keith Harris representing the buyer. Their goal is to provide high-quality affordable housing for seniors in the region, considering the limited availability of such housing options. The property will undergo capital improvements to ensure the satisfaction of the senior residents in terms of both affordability and quality.