WASHINGTON, DC - Clear Investment Group announced the acquisition of the iconic 681-unit Marbury Plaza in Southeast Washington, D.C. The property, once home to notable residents including Isaac Hayes, will undergo a transformative rebranding to become Langston Views, a name that reflects both the community's vibrant history and its promising future, given Clear's inclusive approach to community building.
Marbury Plaza has been a cornerstone of the local community for decades. Clear Investment Group's revitalization efforts will feature modern amenities that enhance the living experience for current and future residents. Planned upgrades include a new fitness facility, upgraded locker rooms and swimming pool areas, advanced security systems, and renovated common spaces. Additionally, an on-site convenience store will provide everyday essentials within arm's reach.
The acquisition and rebranding were made possible through collaboration with the Office of the Mayor and the Attorney General. This partnership underscores Clear's commitment to working closely with local authorities to bring about positive change, while strengthening local partnerships.
"This acquisition exemplifies Clear's mission to revitalize distressed multifamily housing using ethical, sustainable, and transparent practices," said Amy Rubenstein, CEO of Clear Investment Group. "Langston Views will honor its historic legacy while offering modern amenities and fostering a thriving, diverse community. We are proud to work alongside city leadership to provide housing solutions that benefit Washington, D.C. residents and align with our commitment to positive social impact."
Clear's acquisition of Langston Views dovetails seamlessly with its portfolio strategy, focusing on revitalizing urban multifamily housing to deliver long-term value for both investors and the community. The rebranding of Marbury Plaza into Langston Views symbolizes a new chapter—one rooted in community engagement, modern living, and respect for the property's rich heritage, while demonstrating its ongoing dedication to improving housing standards and creating vibrant, sustainable communities.
"Langston Views is a prime example of Clear Investment Group's dedication to identifying opportunities for impactful investment and creating dynamic livable spaces," stated Razi Uddin, Clear Investment Group's CFO and Managing Director. "The rebranding and upgrades will strengthen the property's legacy while supporting the city's ongoing efforts to provide welcoming, safe, quality, affordable housing - not just a house for our residents, but a home."
With this Washington D.C. acquisition, Clear Investment Group significantly enhances Clear Opportunities Fund I, with its 5th portfolio acquisition, reinforcing its position as a leader in the strategic acquisition and disposition of multifamily assets, delivering value for its investors across a growing national footprint. ""We are thrilled to acquire our first property in the Washington D.C. area which aligns perfectly with our growth strategy and commitment to finding distressed assets in the workforce-housing sector," added Rubenstein. "By acquiring these units at the current price point, we see an excellent opportunity to generate attractive returns for our investors while expanding our portfolio in key geographic areas."