retreat-at-valencia-Orlando

Avanath Buys Orlando Mixed-Income Community for $73.5 Million

by Lynn Peisner

ORLANDO, FLA. — Avanath Capital Management has acquired Retreat at Valencia in Orlando from an undisclosed seller for $73.5 million. The Irvine, California-based affordable housing investment firm will reserve one half of the property’s 336 units for families earning up to 60 percent of area median income. The remaining 168 units will be rented at market rates. Avanath also plans to provide financial counseling programs, health and wellness initiatives and resident activities and events. Retreat at Valencia was built in 2001 and is comprised of one-, two-, three- and four-bedroom units. Amenities include a pool, a fitness center, a volleyball court and two playgrounds.

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