FUNDS

Clearlake offers various funds to investors tailored to specific investment objectives based on market opportunities, strategies, returns, hold periods and risk parameters. Clearlake also offers unique structured opportunities from time to time by tapping into it network and market knowledge.

Current Fund

  • Clearlake is currently raising Fund II
  • Geographic Focus: Texas and Florida
  • Fund Strategy: To invest in multifamily and Built-to-Rent properties. Multifamily will be mostly acquisitions with focus on attractive basis, sustainable cashflow, and capital structure distress. Returns will be a combination of distributable cashflow and tax efficiency.
  • Development Strategy: Fund will selectively invest as Co-GP in new development with a view on capital gains and downside protection.

INVESTMENT
OBJECTIVES

Capital preservation and attractive risk-adjusted returns

Create value through business plan execution and a hands-on asset management approach

1980s vintage or newer, target deal size $10-$20 million Class-B and Class-C value-add properties, opportunistic or special situations, sustainable cashflows, upside from optimizing capital structure.

Selective Co-GP investments in development of Built-to-Rent communities. 100-150 units in target submarkets.

INVESTMENT STRATEGIES

Targeted Opportunistic Investments

  • Look for properties experiencing distress from capital structure and debt maturities
  • Fill the refinancing “gap” from refinancing of Covid era debt

Co-GP and Preferred Equity Investments in Developments

  • Build on past success in Co-GP investments
  • Favorable Risk vs. Reward without direct exposure to development or construction risk

Build-to-Rent Single Family Residential Properties

  • Leverage firm experience in a new and growing segment of multifamily industry
  • Demographic trends and chronic housing shortages anchor long term growth
  • Target existing properties in NIMBY jurisdictions with barriers to new supply