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Daryl Carter Carter: “The affordable investment sector is a unique alternative in that it does not sacrifice profits for social responsibility, and vice versa.”

IRVINE, CA—Affordable-housing investment is viewed by many institutional investors as a niche sector that also meets socially responsible investing, yet it is hardly a niche, Avanath Capital Management’s founder, chairman and CEO Daryl Carter tells GlobeSt.com. As we reported earlier this month, the firm announced the final close of both its “Avanath Affordable Housing III” and “Avanath III NY Co-Investment” Funds with $388 million in equity commitments.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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