Real Estate

Black-owned Firms To Launch First Affordable Housing Reit

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Two of the largest minority-owned real estate investment firms in the country are teaming up to launch what they say is the first public real estate company dedicated to affordable housing. California-based investor Avanath Capital Management and Maryland’s MacFarlane Partners filed paperwork with the U.S. Securities and Exchange Commission to launch a new real estate investment trust targeting $1.6 billion in investments. “We will be the first publicly traded REIT to pursue a strategy focused ... [more] The post Black-owned firms to launch first affordable-housing REIT appeared first on The Real Deal Miami.

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