Clear Capital has closed the acquisition of the Preserve Apartments (Highway 213 OR, LLC) in Oregon City, Oregon. The Community will be re-branded as Aspire Oregon City and our local property management team looks forward to transforming the 135 unit property and the resident experience.
The purchase marks Clear Capital's 24th multifamily investment and is the company's third acquisition in 2021. Clear Capital’s recent purchase highlights the company’s investment thesis of purchasing value add opportunities with strong cash flow, significant location upside, and operational upside.
This investment aims at providing investors a current cash yield with a double-digit levered IRR over a 5 year hold period.