logo
logo

Clarion Partners And Blackfin Real Estate Investors Venture Acquires 3,564 Unit Sun Belt Portfolio

Clarion Partners And Blackfin Real Estate Investors Venture Acquires 3,564 Unit Sun Belt Portfolio

06/01/22, 12:32 PM
Industry
financial services
Clarion Partners, LLC, a leading U.S. real estate investment manager, has acquired a 12-asset portfolio of multifamily communities totaling 3,564 units on behalf of its largest commingled fund in a venture with Blackfin Real Estate Investors, LLC. The assets are located in six high-growth Sun Belt markets including Tampa, FL; Orlando, FL; Melbourne, FL; Charlotte, NC; Wilmington, NC; and Nashville, TN.

Company Info

Company
Clarion Partners
Company info
Clarion Partners LLC, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With over $75.9 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to nearly 500 domestic and international institutional investors. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm’s global industrial team manages a 900+ property portfolio in the U.S. and Europe consisting of more than 206 million square feet. More information about the firm is available at clarionpartners.com.
Company
Blackfin Real Estate Investors
Company info
Founded in August 2016 by Andrew Buchanan and Doug Root, Blackfin Real Estate Investors is focused on acquiring Class B and Class C value add and core plus apartment communities across the East Coast of the United States. Blackfin’s hands-on asset management approach and full-service general contracting company enable it to take an active and wholistic approach to every aspect of the investment. Blackfin’s 4 key executives have over 110 years of combined experience and complimentary skills acquiring, financing, renovating, and operating multifamily real estate. Blackfin’s portfolio currently consists of 10,000 units that represent a total asset value of over $2 Billion. The portfolio geography spans from Boston through Florida and includes assets in Boston, Suburban Maryland, Northern Virginia, Richmond, Hampton Roads, Charlotte, Raleigh-Durham, Greensboro, Wilmington, Charleston, Orlando, Tampa, and Nashville. For more information contact 703-778-7641 or visit www.blackfinrei.com.