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California  + Inland Empire  + Senior Housing  | 
45-0893 River Run

River Run Senior Community Allows Avanath to Increase SoCal Footprint

Avanath Capital Management LLC recently acquired River Run Senior, a 360-unit senior affordable housing community at 863 River Rd. in Corona. With this acquisition, Avanath now owns 11 properties in Southern California with 2,187 units under management in the region.

River Run is the company’s second acquisition in Riverside County. The first, Woodside Senior, was acquired by Avanath in 2014. It is also Avanath’s third acquisition in Southern California in the past nine months.

“River Run Senior presented an opportunity to increase Avanath’s footprint in Southern California and in one of the top 50 best cities in America for outdoor activities, as well as to add another well-maintained and highly occupied senior community to our portfolio,” says John R. Williams, president and CIO of Avanath Capital Management. “Corona has a very limited supply of affordable senior housing. In fact, Corona has seven senior properties totaling 1,137 units, of which only four properties and 719 units are designated as low income.”

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Inside The Story

John Williams

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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