BLK · News · 20260806N
Multifamily Portfolio Acquisition
BlackRock, Inc. · 2026-08-06 · Importance 64 · Surprise 42 · In source text
An entity managed by BlackRock Inc. acquired an 11-property multifamily portfolio in Southern California from Camden Property Trust for $1.6 billion. The portfolio contains 3,620 residential units and was 96% occupied at closing. The transaction included a $566.6 million agency loan originated by JLL Capital Markets’ Debt Advisory team for seven of the properties. The acquisition expands BlackRock-managed exposure to Southern California multifamily real estate.
Key facts
- Camden Property Trust sold a portfolio of 11 multifamily properties in Southern California for $1.6 billion to an entity managed by BlackRock Inc. source
- The sold multifamily portfolio comprised 3,620 units and had a 96 percent occupancy rate at the time of sale. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | committed | — | Camden Property Trust sold a portfolio of 11 multifamily properties in Southern California for $1.6 billion to an entity managed by… |