Background
Established in 2011 in Nashville, Tennessee, The Clear Blue Company (CBC) is a private equity firm dedicated to addressing the affordable housing crisis. With over $850 million in assets and 6,067 units across the Southeast, CBC focuses on providing high-quality, affordable housing that fosters community and upward mobility. The company's mission is to create long-term stability for residents by offering not just shelter but also financial and community support. CBC's resident-first model integrates the voices of its residents into the development process, ensuring that their needs and concerns are prioritized.
Key Strategic Focus
CBC's strategic focus encompasses the preservation of existing workforce housing and the development of new, environmentally sustainable communities. The company employs innovative financing solutions and integrated development and renovation platforms to deliver above-market returns while promoting socially conscious investments. By reducing resident turnover and operating costs, CBC enhances value for investors and transforms the investment landscape of affordable housing.
Financials and Funding
As of 2025, The Clear Blue Company manages over $850 million in assets, comprising 6,067 units throughout the Southeast. The company's disciplined investment approach in workforce and affordable housing has enabled it to deliver above-market returns. Specific details regarding recent funding rounds, notable investors, and capital utilization strategies are not publicly disclosed.
Pipeline Development
CBC's development pipeline includes both the preservation of existing affordable housing units and the construction of new communities. The company has undertaken projects in cities such as Nashville, TN, and Louisville, KY, focusing on ground-up construction, value-add initiatives, and preservation efforts. Timelines for these projects are aligned with the company's strategic objectives to enhance the affordable housing landscape.
Technological Platform and Innovation
While specific proprietary technologies or AI-driven capabilities are not detailed, CBC's integrated development and renovation platforms, along with innovative financing solutions, distinguish the company in the affordable housing sector. These approaches enable CBC to effectively preserve and develop housing units that meet both resident needs and investor expectations.
Leadership Team
The Clear Blue Company's leadership team comprises experienced professionals dedicated to advancing the firm's mission:
- Dan Ford, Director of Business Development, brings over 30 years of experience in multifamily property management and operations. He previously served as President and Partner of Elmington Property Management, where he grew the firm from 700 to over 35,000 units.
- Michael Petit, Vice President of Operations, oversees the execution of the company's strategy and internal operations. His background includes roles at Goldman Sachs, JMH Capital Partners, and Darwin Homes. Michael holds an MBA from NYU's Stern School of Business and a BA in Philosophy from Boston College.
- Jennifer Presley, Vice President of Finance and Accounting, leads the firm's financial operations and strategy. With over 15 years of experience, she previously served as Director of Finance at Kibo Capital and began her career in public accounting. Jennifer holds an MBA and a BBA in Accounting from the University of Tennessee at Chattanooga and is a Certified Public Accountant.
- Megan LeMense, Vice President of Marketing, directs the firm's marketing strategy and communications. Her experience includes roles at JLL, WeWork, and Raise Commercial Real Estate. Megan earned a bachelor's degree in Business Administration from Auburn University.
Leadership Changes
As of May 2025, there have been no publicly announced significant changes or appointments within CBC's leadership team.
Competitor Profile
Market Insights and Dynamics
The affordable housing sector in the United States faces a significant supply-demand imbalance, with a growing need for quality, affordable housing options. This demand presents opportunities for firms like CBC to expand their portfolios and impact.
Competitor Analysis
Key competitors in the affordable housing investment and development sector include:
- Dominium: Specializes in affordable housing development and management, with a portfolio exceeding 30,000 units across multiple states.
- The NRP Group: Focuses on developing and managing affordable and market-rate housing, with a strong presence in the Midwest and East Coast.
- McCormack Baron Salazar: Engages in urban revitalization projects, emphasizing mixed-income communities and sustainable development.
These competitors leverage various strategies, including public-private partnerships, innovative financing, and community engagement, to address affordable housing challenges.
Strategic Collaborations and Partnerships
CBC actively seeks partnerships to enhance its impact, including:
- Development Partners: Collaborating with developers to identify and execute affordable housing projects.
- Public-Private Partnerships: Engaging with government agencies to leverage resources and incentives for affordable housing initiatives.
- Investment Partners: Attracting investors aligned with CBC's mission to expand the affordable housing supply.
These collaborations strengthen CBC's market position and innovation capacity.
Operational Insights
CBC's integrated approach to development and renovation, combined with innovative financing solutions, provides a competitive advantage. By focusing on resident needs and community building, CBC differentiates itself in the affordable housing sector.
Strategic Opportunities and Future Directions
Looking ahead, CBC aims to:
- Expand Portfolio: Increase the number of affordable housing units through preservation and new developments.
- Enhance Community Programs: Implement initiatives that support resident upward mobility and community engagement.
- Leverage Technology: Utilize data and technology to improve operational efficiency and resident services.
By building on its current strengths, CBC is well-positioned to achieve these objectives and further its mission.
Contact Information
- Website: The Clear Blue Company
- LinkedIn: The Clear Blue Company
- Instagram: @theclearbluecompany
- Facebook: The Clear Blue Company
- Twitter: @clearblueco
