Clarion Partners, advised by Hodes Weill & Associates, successfully acquired and recapitalized Gables Residential for $3.2 billion, transforming it into an open-end fund targeting growth in luxury multifamily communities across key U.S. markets.

Target Information

Gables Residential, a leading real estate company, specializes in the development, construction, acquisition, and management of multifamily and mixed-use communities. With its vertically integrated operations, Gables has established itself as a prominent player in the real estate sector, focusing on luxury communities that appeal to a diverse range of residents.

The company is known for its significant presence across several high-growth markets in the United States, including cities like Atlanta, Austin, Boston, Dallas, Denver, Houston, South Florida, Southern California, and metropolitan Washington, D.C. This strategic positioning enhances its portfolio's attractiveness to investors and residents alike.

Industry Overview in the United States

The multifamily and mixed-use real estate sector in the United States has experienced robust growth driven by trends such as urbanization, changing demographics, and