{"id":110124,"date":"2021-03-29T18:00:00","date_gmt":"2021-03-29T18:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2856059"},"modified":"2021-03-29T18:00:00","modified_gmt":"2021-03-29T18:00:00","slug":"clear-capital-llc-closes-three-deals-within-90-days","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/03\/29\/clear-capital-llc-closes-three-deals-within-90-days\/","title":{"rendered":"Clear Capital LLC Closes Three Deals Within 90 Days"},"content":{"rendered":"
Clear Capital LLC Closes Three Deals Within 90 Days<\/strong><\/h5>\n

Received 12% Covid-19 Discount on Latest Acquisition in Inland Empire<\/strong><\/p>\n

Irvine, CA \u2013 March 3, 2021<\/strong> \u2013\u00a0Irvine-based private equity real estate investment firm, Clear Capital, LLC, acquired The Colony at Victorville, a 200-unit apartment community in Victorville, CA, for $24.5 million. This acquisition marks its third deal closed within a 90-day period. The previous two deals that Clear Capital acquired include a 244-unit apartment community in Carrollton, TX and a 96-unit apartment community in Lakewood, CO.<\/p>\n

Constructed in 1988, Colony at Victorville is situated on 8.7 acres at 14450 El Evado Rd, Victorville, CA.\u00a0\u00a0The community offers a favorable unit mix of larger 2- and 3-bedroom apartment homes along with amenities such as a swimming pool, fitness center, basketball court and playground.<\/p>\n

\"\"<\/p>\n

\u201cThe Colony at Victorville\u2019s location in the Inland Empire of Southern California is advantageous due to the rapid and persistent growth of E-Commerce and its affordability relative to other parts of California,\u201d says Eric Sussman, Partner at Clear Capital. \u201cIt\u2019s solid rental price point caters to an under-served renter demographic in a neighborhood surrounded by more expensive newer construction communities and less-expensive but inaccessible affordable housing communities with 12-18 month long wait lists,\u201d says Sussman.<\/p>\n

The Colony at Victorville was purchased through a loan assumption with 6 years remaining at a 4.78% floating interest rate. \u201cBy assuming the existing loan, Clear Capital will inherit a higher going in yield and acquire the asset at a discount to Pre-COVID19 pricing of more than 12%,\u201d says Enrique Huerta, Clear Capital\u2019s Vice President of Acquisitions.<\/p>\n

The acquisition of Colony at Victorville marks Clear Capital’s 20th multifamily investment and its eleventh in California. Clear Capital currently owns over 4,000 units and plans to continue to build its portfolio across the United States.<\/p>\n

About Clear Capital, LLC:<\/strong><\/h4>\n

Clear Capital, LLC is a private real estate investment firm with a 20+ year track record of creating significant value for investors. Since its inception in 1996, Clear Capital\u2019s Principals, which combined have over 100 years of real estate investment experience, have applied a distinctive approach to investing across the Sunbelt markets. Clear Capital owns 20 properties with over 4,000 units in Los Angeles County, the Inland Empire, Texas, Colorado, and Arizona. Clear Capital and its affiliates control over $800 million in multi-family real estate investments that have consistently produced strong average returns in the mid-to-upper teens. For more information, market research from Founding Partner and renowned UCLA Business School Professor Eric Sussman, or to make an investment, please visit clearcapllc.com. You can also follow us on Twitter<\/a>, Linkedin<\/a>, Facebook<\/a>, or Instagram<\/a> for the latest company developments.<\/p>\n

 <\/p>\n\n\n\n\n\n
Clear Capital LLC<\/strong><\/span><\/td>\n<\/tr>\n
FOUNDED: <\/strong>1996<\/span><\/p>\n

HEADQUARTERS:<\/strong> Irvine<\/span><\/p>\n

FOUNDERS: <\/strong>Eric Sussman, Greg Worchell, Daniel Hardy, Paul Pellizzon<\/span><\/p>\n

BUSINESS: <\/strong>Multi-Family Real Estate<\/span><\/p>\n

RECENT ACQUISITION:<\/strong> 200 unit Value-Add Apartment Community in Inland Empire.<\/span><\/td>\n<\/tr>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Tags: inlandempire<\/a>, housing<\/a>, multifamily<\/a>, realestate<\/a>, CRE<\/a>, realestateinvesting<\/a>, victorville<\/a>, realestateprivateequity<\/a> <\/p>\n

See Campaign: <\/strong>https:\/\/www.clearcapllc.com\/<\/a>
Contact Information:<\/b>
Kristen Piper Investor Relations Clear Capital, LLC kpiper@clearcapllc.com (949) 273-5405 x205<\/p>\n

Tags:<\/b>
<\/a>, Financial Content<\/a>, Google News<\/a>, Reportedtimes<\/a>, IPS<\/a>, Real Estate Investing<\/a>, Property Management<\/a>, Residential Sales<\/a>, Extended Distribution<\/a>, Wire Real Estate<\/a>, iCN Internal Distribution<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Kristen Piper
Investor Relations
Clear Capital, LLC
kpiper@clearcapllc.com
(949) 273-5405 x205<\/p>\n<\/p>\n<\/div>\n

The post Clear Capital LLC Closes Three Deals Within 90 Days<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Clear Capital LLC Closes Three Deals Within 90 Days Received 12% Covid-19 Discount on Latest Acquisition in Inland Empire Irvine, CA – March 3, 2021 – Irvine-based private equity real estate investment firm, Clear Capital, LLC, acquired The Colony at Victorville, a 200-unit apartment community in Victorville, CA, for $24.5 million. This acquisition marks its third […]<\/p>\n

The post Clear Capital LLC Closes Three Deals Within 90 Days<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n

Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-110124","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nClear Capital LLC Closes Three Deals Within 90 Days - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipsnews.net\/business\/2021\/03\/29\/clear-capital-llc-closes-three-deals-within-90-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clear Capital LLC Closes Three Deals Within 90 Days - Business\" \/>\n<meta property=\"og:description\" content=\"Clear Capital LLC Closes Three Deals Within 90 Days Received 12% Covid-19 Discount on Latest Acquisition in Inland Empire Irvine, CA – March 3, 2021 – Irvine-based private equity real estate investment firm, Clear Capital, LLC, acquired The Colony at Victorville, a 200-unit apartment community in Victorville, CA, for $24.5 million. 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