18 HOUR CITIES
Target Markets Demonstrating Outsized Return and
Growth Potential
Clarity concentrates its acquisitions in select high growth 18-hour cities with leading fundamentals, primarily in the southern and western United States. These markets include Austin, Dallas, Denver, Orlando, Phoenix, Portland, Salt Lake City, San Antonio, San Diego, Seattle and Tampa.
Why 18-hour cities?
Over the last decade, real estate acquisition activity in the United States has been primarily concentrated on major “gateway” cities including Boston, Chicago, Los Angeles, New York, San Francisco and Washington D.C. Less capital has been focused on the high-growth 18-hour cities that Clarity targets. These cities have become increasing favored by businesses and individuals for their high quality of life, vibrant amenity bases and more affordable cost of living and doing business. Urban Land Institute (ULI), in their 2019 Emerging Trends in Real Estate report, identifies these 18-hour cities as attractive investment markets and featured 18-hour cities as nine of the top ten cities for overall real estate prospects.
Common traits:
- Strong economic fundamentals and demographics
- Growing population trends
- Diverse employment base with national and international employers
- Low-cost center for businesses to operate
- Strong and stable demand generators such as state capitals or university proximity
- Better year-round climate
- Live, work, play environments attractive to millennials
Office, multifamily and special opportunity investment
We concentrate on office, multifamily and special opportunity properties. We intend to generate cash flow and create value through the disciplined investment in well-located real estate, active asset management and the execution of value-add and opportunistic strategies, such as leasing, renovation, repositioning, development or redevelopment.
Underserved real estate segment
We believe that we face lower levels of competition for the mid-sized assets and markets that we invest in, as many institutional investors have focused on larger asset sizes and gateway markets. The scale of our platform, our market knowledge, our reputation for execution and access to capital differentiate us from other buyers in our markets. This dynamic gives us a competitive advantage in generating returns for investors.