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**Avanath Capital Management Acquires Mixed-Income Orlando Apartment Community for $73.5M**
Avanath Capital Management has acquired Retreat at Valencia, a 336-unit mixed-income apartment community located near downtown Orlando, for $73.5 million. This purchase represents the firm’s seventh investment in the Orlando market.
As part of its commitment to affordable housing, Avanath plans to maintain income restrictions on half of the units for renters earning 60% or less of the area median income (AMI). The remaining units will be operated at market rates. In addition, the firm will implement a variety of resident-focused amenities and services, including financial counseling programs, health and wellness initiatives, and community-driven activities tailored to residents’ needs.
Constructed in 2001, Retreat at Valencia is situated approximately one mile from Valencia College. With this latest acquisition, Avanath now owns and manages approximately 900 apartment units within a three-mile radius in Orlando, creating economies of scale that help reduce operating costs.
The apartment mix includes 92 one-bedroom units, 132 two-bedroom units, 72 three-bedroom units, and 40 four-bedroom units. On-site community amenities include a fitness center, swimming pool, volleyball court, and two playgrounds, enhancing the property’s appeal to families and long-term residents.
Retreat at Valencia is located at 8413 Valencia Village Lane in Orlando, Florida.
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