From Yahoo Finance: 2025-04-14 11:57:00

The Vistria Group has raised over $2.5 billion for affordable housing, becoming one of the largest vehicles for that sector in the U.S. They have acquired more than 7,000 units, 80% of which are affordable, since the fund launched in March 2023.

Their affordable housing strategy has attracted various institutional investors, public pensions, global investment banks, and asset managers to address the affordable housing crisis. They focus on preserving, improving, and producing affordable and workforce housing by partnering with local and state leaders.

Vistria has made 15 investments across several states, converting over 2,000 market-rate units to affordable housing. With almost $16 billion in assets under management, the firm invests in essential industries like healthcare, financial services, and housing.

In a similar effort, Clear Investment Group plans to raise $300 million through its Clear Opportunities Fund II to acquire workforce properties nationwide. They target properties with strong fundamentals and untapped potential in stable markets with low workforce housing supply, focusing on submarkets where household income is $35,000 to $75,000.

Major players like The Vistria Group and Clear Investment Group are raising funds to address affordable housing challenges and provide quality housing options for working Americans. Subscribe to Multifamily Dive for more news on affordable housing initiatives and investments.

Read more: Vistria raises more than $2.5B for affordable housing