**Clear Investment Group Targets $300M for Multifamily Investment Fund**
Chicago-based Clear Investment Group (CIG) is aiming to raise $300 million for its newly launched Clear Opportunities Fund II, which began fundraising in March. The fund will focus on acquiring multifamily properties across the country, with an emphasis on distressed workforce housing, including opportunities in the local Chicago market.
As the fund prepares to close its first round of fundraising on July 1, CIG is targeting large multifamily portfolios ranging from 300 to 1,200 units. However, the availability of such portfolios within Chicago has been limited, according to CIG CEO Amy Rubenstein.
“In recent years, we have found that Chicago has presented fewer large-scale distressed opportunities,” Rubenstein said. “However, we continue to actively explore the Chicago multifamily market.”
While opportunities in Chicago remain a priority, CIG has identified potential deals in Dallas and Houston. Rubenstein noted that the fund’s strategy centers on distressed investments in markets with strong fundamentals and untapped potential.
Clear Opportunities Fund II represents CIG’s continued commitment to revitalizing underperforming multifamily assets while expanding its national investment footprint.
