As Clear Investment Group gears up to launch its second investment fund, the Chicago-based workforce housing investor has made several additions to its leadership team, including four new hires and one promotion, according to a press release shared with Multifamily Dive.
The company’s new leaders have joined its acquisitions, asset management, technology and finance teams. Matt Kleifges has been named senior director of asset and property management, responsible for optimizing property performance. Kleifges was formerly the senior vice president and head of asset management and hospitality at Detroit-based City Club Apartments, according to his LinkedIn profile.
Steve Duguid has joined the company as director of construction and capital projects. Duguid is a licensed architect with experience in project management. In his new role, he will oversee capital improvements and construction initiatives in CIG’s portfolio.
Steve Taylor, CIG’s new director of technology, is experienced in artificial intelligence integration and Yardi property management software. His work will include implementing technology-driven solutions to drive operational efficiencies and data-driven decision-making, according to the release.
John Adams is CIG’s new financial controller, contributing to Clear’s financial management and reporting. Adams was previously a financial analyst manager at Chicago-based nonprofit Envision Unlimited, according to his LinkedIn profile.
In addition, Lindsay Rodriguez, formerly a member of CIG’s asset and property management team, has been promoted to director of acquisitions. In her new role, Rodriguez will identify and secure investment opportunities for the company in collaboration with its CEO, Amy Rubenstein.
“Our new team members represent a significant investment in our infrastructure and underscore our commitment to excellence as we continue to grow with the launch of Fund II,” Rubenstein said in the release. “We are proud of the progress we’ve made and excited for what lies ahead as we expand our capabilities and position ourselves for long-term success.”
With Rodriguez in her new role, Rubenstein will focus her work on deal origination and underwriting, according to the release.
CIG is in the process of raising $300 million through its Clear Opportunities Fund II to acquire workforce properties around the country. It intends to acquire roughly 9,000 units with these funds and reposition them in order to enhance their performance.
“The fund is acquiring large, 500-unit-plus multifamily portfolios in secondary and tertiary markets throughout the US, with a focus on submarkets where household income is $35,000 to $75,000 — really the heart of working America,” Rubenstein told Multifamily Dive in March.
