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.”