M&m Property Management Sacramento
M&m Property Management Sacramento – 6858 Villa Juarez Sacramento, CA 6858 Villa Juarez A truly beautiful home in the popular community of Westlake. Many upgrades including granite counters, new appliances, …
10808 Woodring Dr, Mather, CA 95655 10808 Woodring Dr, Mather Listings dated 1/10/2022. at 10:59 am Page: 1 of 3 Full Client Report – ResidentialMLS#:2220015821715…
M&m Property Management Sacramento
2 Northlite Cir, Sacramento, CA 95831-2123 2 Northlite Cir Status: Active 04/01/22. Full Client Report – ResidentialMLS#:222039555 5029 Trouville Ln, Sacramento, CA 95835 Mortgage…
Point West Plaza, Sacramento, Ca
5029 Trouville Ln, Sacramento, CA 95835 5029 Trouville Ln (SOLD) Status: Active 04/01/22. Full Client Report – ResidentialMLS#:222039555 5029 Trouville Ln, Sacramento, CA 95835 Mortgage…
1715 Red Alder Ave, Sacramento, CA 95834-2477 1715 Red Alder Ave listings as of 1/10/2022. at 10:59 am Page: 1 of 3 Full Client Report – ResidentialMLS#:2220015821715…
1175 S Citrusparke Ave, Sacramento, CA 95834 1175 S Citrusparke Ave (SOLD) Public Notes: This 2-year-old D.R. Home built Horton at Parke Bridge Community is…
150 Del Verde Circle #2, Sacramento, CA 95833 150 Del Verde Circle #2 (SOLD) These units are going fast!! This apartment is priced right and is ready to…
Las Palmas Avenue, Sacramento, Ca 95815
2115 Moonstone Way, Sacramento, CA 95835 2115 Moonstone Way (SOLD) Really nice home in popular Westlake neighborhood. Many upgrades including granite counters, new appliances, …
5315 Rogers Street, Davis Ca 95618 5315 Rogers Street Really nice home in the popular Westlake neighborhood. Many upgrades including granite counters, new appliances, …
22nd Street Duplex 22nd Street Duplex A really nice home in the popular Westlake neighborhood. Many upgrades including granite counters, new appliances, …
7809 Jana Marie Ct (SOLD), Citrus Heights, CA 95610-3947 7809 Jana Marie Ct (SOLD) Really nice home in the popular Westlake neighborhood. Many upgrades including granite counters, new appliances, …
Glendon Way, Sacramento, Ca 95829
By far the best property management professional I have met. Darren Babby has consistently gone above and beyond the call of duty in working with me in many ways. Always available and willing to help with the problems that inevitably arise, he has become an excellent resource to turn to. I cannot say enough good things about Darren and the company that cares enough to hire people of such high character.
I recently rented an apartment from M&M. I dealt with Darren all the time and he was great! Renting a home from him was incredibly easy. He answered every time I had any questions and made me have the home owner fix things around the house. I remember texting him one night around 9pm and 10 seconds later he called to help. He was great and really good
My property manager, Teri Chikami, is always very responsive when I have a problem with my home. My light went out yesterday and I couldn’t buy a replacement bulb because the bulb was an integral part of the fixture. I reported this to Teri via email at 4:30pm and had a call from the electrician within 15 minutes!
The next day the electrician came out and replaced the armature. Every time I submit a problem request, Teri works on it right away and things are resolved quickly. I am very pleased with the response time to problems in my home.
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My family and I are entering our third year of using M&M Real Estate to manage our rental properties here in Rancho Cordova and we couldn’t be happier with their services! Our agent, Teri Chikami, is wonderful! She does a great job as a fair and neutral advocate for our tenants while protecting our interests as property owners. Teri advertises our properties to potential renters, handles all showings and brings us only qualified candidates.
I’m not usually a fan of property management companies, but Jim Hall with M & M has been very professional and responsive over the past 5 years as a tenant in one of his properties… Thanks Jim.
I have rented from several property management companies and I can honestly say, M&M is one of the best. Our property manager responded to all communications, made necessary repairs when needed, and did not give us a security deposit when we moved out. The home was in good condition when we moved in, the home was clean, the paint looked good, no previous condition. M&M really cares about its tenants and our three-year stay in this facility was pleasant. If you are looking to relocate, I would recommend contacting M&M Property Management.
I rented my first place with Wes at M&M’s. He always answered when I called him about a problem. I had an ongoing problem with the plumbing (the shower didn’t work, only the tub) that required several different appointments and they were able to go to the apartment while I was at work and do the repairs. Since I was working full time, it made things a lot easier. I have always paid my rent on time and never had a problem. I would never have moved if it wasn’t for the owner deciding he no longer wanted to use the rental property. I would recommend renting from these people. SACRAMENTO, Calif. – Avanath Capital Management, LLC, a private real estate investment manager and registered investment advisor, announces that it has acquired in an off-market transaction six affordable single-family and multifamily senior living communities in the Sacramento, Calif., metropolitan area with an investment value of more than 181, 6 million USD.
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The acquisition expands Avanath’s presence in the Northern California market, a region where access to affordable housing has become increasingly challenging, according to Daryl Carter, Avanath’s founder, president and CEO.
“Preserving affordability in markets where rents are historically high is at the core of our company’s mission,” said Daryl Carter, founder, president and CEO of Avanath. “Because the Northern California region is a hub for technology and other high-wage industries, market-rate housing has become unaffordable for many lower-income families and seniors. Our goal is to provide housing that these renters can afford, especially as inflation continues to rise.”
The acquisition of this portfolio greatly deepens Avanath’s affordable investment and asset management in the Sacramento market, an area particularly hard hit by rising rents, noted John R. Williams, president and CIO of Avanath Capital Management.
“As we expand affordable housing opportunities in cities where demand is strong and supply is scarce, we see Sacramento as an ideal target for investment,” says Williams. “Sacramento’s average rental rate has increased 12% over the past year, and the gap between market rate and affordable rents in the area has widened significantly, increasing the potential for continued demand from renters for high-quality affordable housing in this market.”
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The multifamily portfolio acquired by Avanath consists of four single-family and two affordable senior living communities totaling 1,032 units. Family properties include Anton Arcade, Norden Terrace, The Ridge and Whitney Ranch, while older properties include Corsair Park Senior and Hurley Creek Senior. With this acquisition, Avanath now owns a total of 12 properties and manages a total of 1,854 units in the Sacramento metropolitan area.
“We see these communities as excellent additions to our properties in Sacramento, allowing us to make a stronger impact on lower-income families and seniors in the area,” notes Williams. “With a larger portfolio in Sacramento, we can also better develop economies of scale and seamlessly manage our assets in this market.”
Built between 2008 and 2017, the properties were built using California Tax Credit Board LIHTCs and multi-agency bond financing. In addition, the property benefits from the California State Tax Exemption.
“With this portfolio, Avanath has identified six communities that have historically performed well, with an occupancy rate of 98%,” notes Keith Harris, executive vice president of acquisitions for Avanath. “Rental collections have remained strong in these properties throughout the pandemic and we expect that trend to continue moving forward.”
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Each community in the portfolio has shared amenities such as a leasing center, central clubhouse, business center, fitness center, swimming pool, laundry facilities, carports and garages. Avanath plans to implement sustainable and social measures to align with the company’s ESG goals, such as energy-saving updates and resident impact programming. Through one of these programs, Avanath provides citizens with free access to Wellbeats, an application that offers a series of virtual fitness classes.
“Avanath understands that every acquisition is an opportunity for us to help improve the lives of our residents,” says Carter. “Social influence programs focused on health and wellness, including virtual fitness content such as Wellbeats, are greatly benefiting people and have grown in popularity since the start of the pandemic. We are excited to continue to offer these amenities, which can be truly transformative for our residents.”
Anton Arcade is located at 2134 Butano Drive in Sacramento, California; Norden Terrace is located at 3685 Elkhorn Boulevard in North Highlands, California; The Ridge is located at 8151 Civic Center Drive in Elk Grove, California; Whitney Ranch is located at 711 University Ave in Rocklin, California; Corsair Park Senior is located at 6920 Watt Avenue in North Highlands, California; Hurley Creek Senior is located at 4275 El Centro Road in Sacramento, California.
Avanath Capital Management is a privately held, vertically integrated investment firm that manages real estate and real estate-related investments by delivering risk-adjusted returns through current income and capital
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