Avanath Capital Management,

Avanath Capital Management is a private real estate investment manager generating attractive risk-adjusted returns through current income and capital appreciation from its investments. Avanath utilizes a differentiated, focused investment strategy to pursue opportunities in: --Affordable multifamily housing --Urban real estate --Commercial and multifamily mortgages Led by Daryl J. Carter, the Avanath management team averages 25 years of experience and has successfully guided investment funds in defining growth opportunities and delivering attractive returns. Avanath professionals have real estate operating expertise and long-standing relationships with strong local, regional and national sponsors that can access investment opportunities aligned with Avanath's initiatives.