Clear Plans to Raise $300M for Multi-Family Housing Acquisitions
Clear Investment Group has unveiled plans to launch a $300 million fund, Clear Opportunities Fund II, aimed at acquiring multi-family housing projects. The firm intends to ramp up its acquisition efforts, zeroing in on properties with strong fundamentals and hidden potential in steady secondary and tertiary markets.
These areas, where demand for quality workforce housing remains stubbornly high due to limited supply, according to the firm, have seen rents climb faster than the broader market, making them prime targets for the fund’s strategy.
“Our strategy has always been to identify undervalued properties in emerging markets and transform them into high-quality housing communities,” said Amy Rubenstein, CEO of Clear Investment Group. “This new fund will allow us to expand our reach, improve housing accessibility, and continue delivering value to both our residents and investors.”
Chicago-based Clear has a track record of $600 million in completed deals, spanning more than 150 portfolio properties. Among its recent acquisitions are a 681-unit apartment community in Washington, D.C., a 70-unit portfolio in Columbus, OH, and more than 800 units in Syracuse, NY.
