X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-Avanath Capital Partners has named industry veteran Ed Hurley, a former managing director for Wachovia Securities, as chief operating officer of the Irvine-based company. Avanath is a real estate investment firm that was formed in November 2007 by Daryl Carter, co-founder and former principal of Capri Capital Limited Partnership.

Carter, who holds the post of CEO at Avanath, comments that he has known Hurley “as a respected competitor for nearly a decade” and will rely on Hurley’s “extensive industry knowledge and experience in the multifamily market” in his new post as Avanath chief operating officer.

As COO, Hurley will oversee the day-to-day operations of the firm, including asset management, finance and accounting, risk management, information technology and corporate administration. The company says in a statement that Hurley will serve as a key force of consistency to ensure that Avanath moves forward in a unified direction as it continues to grow.

As a managing director for Wachovia Securities, Hurley led a West Coast expansion for Wachovia’s multifamily lending business. He joined Wachovia in 2003 when it acquired Lend Lease Mortgage Capital, the company he formerly led. During his tenure with Wachovia, Hurley was instrumental in building that company’s multifamily business into the top-ranked Fannie Mae multifamily lender in the country.

Hurley also served as president of Amresco Mortgage Capital Inc., a spinoff of NationsBank, where he built and managed a national commercial lending platform, leading the company to be among the top Fannie Mae DUS and Freddie Mac Program Plus lenders in the country. Avanath focuses on affordable housing, urban real estate investment, mortgage services and specialty finance.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.