Clear Investment Group has closed $30 million in capital commitments for its latest vehicle, Clear Opportunity Fund II (COFII), and has closed on its first acquisition, a 649-unit multifamily portfolio in Tuscaloosa, Ala.
The Tuscaloosa acquisition represents a strategic entry into a growing Southeastern market, underpinned by strong employment fundamentals and consistent housing demand. The portfolio — comprising three garden-style communities — was acquired for approximately $55,500 per unit, significantly below replacement cost and current market comparables averaging more than $100,000 per unit.
“This investment perfectly aligns with our strategy for COFII — targeting fundamentally strong markets where operational execution and disciplined capital investment can unlock substantial value,” said Amy Rubenstein, CEO of Clear Investment Group. “Tuscaloosa offers a compelling combination of stable employment drivers, population growth, and affordable
