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February 21, 2023 Written By Clear Investment Group, LLC

Fund’s 2nd acquisition set for Syracuse, NY

Clear Opportunities Fund I has identified its next acquisition: a 565-unit portfolio in the growth market of Syracuse, NY

Syracuse is a major industrial hub and the fifth largest city in New York, with an MSA total population of over 650,000. It was recently announced that the market will become the site of Micron Technology’s $100 billion complex, a project expected to deliver 9,000 direct and 40,000 indirect jobs, and spur on the region’s economy over the next two decades.

Rendering of Micron Technology Inc.’s planned semiconductor fabrication facility. The project, expected to transform upstate NY’s labor economy, was described as “stunning in its scale”, by Gov. Kathy Hochul.

Clear Opportunities Fund has identified a distressed 565-unit complex in this growth market. Now under contract, this marks the second major acquisition in Clear Opportunities Fund I (following the Fund’s first in Shreveport, LA in December of 2022). The purchase is expected to close sometime next quarter.

Clear Investment Group, LLC