Clear Capital LLC Sells 144 Unit Multi-Family Community In Azusa, CA
Clear Capital, LLC
Clear Capital, LLC Announces Sale of Iris Garden Apartments, 120-Unit Community in Azusa, CA
IRVINE, CA, September 16, 2022– Clear Capital, LLC a private equity real estate investment firm that specializes in operating multifamily communities, is pleased to announce the sale of Iris Garden Apartments in Azusa, CA to Eden Housing. The property, acquired in January 2013, is part of the Low-Income Housing Tax Credit (LIHTC) program which offers affordable rents to lower income residents. This disposition marks Clear Capital’s 13th sale since inception.
Greg Worchell, a Founding Partner of Clear Capital shared “Clear Capital is thrilled with the execution of this investment. The results demonstrate our firm’s commitment to ‘Do Well by Doing Good,’ as we provided a solid return to our investors while providing much-needed affordable housing to the communities that need it the most. Clear Capital is poised to continue to make socially impactful investments in California and beyond. Our firm is most proud of the investments that contribute to the double bottom line, and our sale to Eden Housing will continue to ensure the preservation of affordable housing for years to come.”
Clear Capital offers accredited investors access to private real estate investments with a minimum of $25,000. With a track record of 4,300+ units, $1.1B+ in assets, and more than 100 years of combined real estate experience, Clear Capital is an excellent partner for private real estate investments.
About Clear Capital
Clear Capital, LLC is a Los-Angeles and Irvine based private equity real estate investment firm specializing in multifamily real estate investments. The firm focuses on the acquisition, renovation, repositioning, and management of multifamily housing assets throughout the Western, Mountain, and Sunbelt regions of the United States. Clear Capital’s distinctive approach to investing in real assets has consistently produced above-average risk-adjusted returns for its private and institutional investors.
For more information or to make an investment, please visit www.ClearCapLLC.com.
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Tania Kapoor Mirchandani
Vice President Capital Markets
[email protected] / (323) 642 – 9632