#United States #Washington, D.C. #Clear Investment #Langston Views #Marbury Plaza

Clear Investment Group Acquires Historic Marbury Plaza

Clear Investment Group (CIG) is thrilled to unveil the acquisition of Marbury Plaza, an iconic multifamily property in Southeast Washington, D.C. Known for its 681 units and historic significance, this acquisition marks an important milestone for Clear, as it embarks on a journey to transform the property into Langston Views—an emblem of community revitalization and modern living.

A Transformative Future Ahead

Marbury Plaza has served as a cornerstone in the local neighborhood for decades, having housed notable residents like the legendary Isaac Hayes. The rebranding to Langston Views reflects a deep respect for the property’s historical roots while introducing a vision of modernity and community inclusiveness. Clear’s plans include extensive renovations aimed at enhancing the living experience for existing and future residents. Key upgrades will feature a state-of-the-art fitness center, improved locker and pool areas, enhanced security measures, and upgraded common spaces.

Furthermore, a convenient on-site store will make daily essentials readily accessible to residents, fostering a community-oriented environment. These renovations are aligned with Clear’s mission to revitalize distressed multifamily housing through ethical, sustainable, and responsible practices.

Collaboration for Positive Change

The acquisition was made possible by collaboration with the Office of the Mayor and the Attorney General, showcasing Clear’s commitment to working with local authorities to effect transformative change in the community. According to Amy Rubenstein, CEO of Clear Investment Group, this acquisition “exemplifies our mission to breathe new life into multifamily housing, honoring its legacy, while providing modern amenities to foster a thriving and diverse community.”

Revitalizing Urban Housing

Clear’s acquisition not only enriches its portfolio but also dovetails perfectly with its strategy of focusing on revitalizing urban multifamily housing. By transforming Marbury Plaza into Langston Views, Clear is ushering in a fresh chapter rooted in community engagement, modern conveniences, and respect for the heritage of the land.

“Our dedication to finding impactful investment opportunities is evident in Langston Views,” adds Razi Uddin, Clear’s CFO and Managing Director. “This initiative aims to bolster the property’s legacy while aiding the city’s ongoing efforts to ensure safe and affordable housing.” The goal is not just to provide residents with shelter but to create a place they truly call home.

Expanding Opportunities

With this strategic acquisition in Washington D.C., Clear Investment Group significantly enhances its Clear Opportunities Fund I portfolio, marking its fifth acquisition. This move reinforces Clear’s standing as a leader in strategic acquisition and disposition of multifamily assets, ensuring value creation for investors across its expanding national footprint.

Rubenstein emphasizes the importance of this acquisition as part of their growth strategy within the workforce housing sector, stating, “Securing these units at their current price point allows us to create profitable opportunities for our investors while reinforcing our presence in vital geographic markets.”

Clear Investment Group's Legacy

As a company based in Chicago, Clear Investment Group has dedicated over 20 years to the multifamily sector, specializing in distressed real estate. With a diverse workforce and a majority-woman-owned leadership team, Clear remains committed to creating high-quality housing that empowers working-class Americans. By revitalizing properties like Marbury Plaza, Clear is not just investing in real estate; it is investing in the communities within which these properties reside.

In conclusion, the transformation of Marbury Plaza into Langston Views is not simply about renovation; it’s about community and the future. Clear Investment Group stands at the forefront of this exciting venture, promising to deliver quality housing that resonates with a thriving, diverse, and engaged community.