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1540 Vine Street

Larry Fink Of BlackRock Acquires Multifamily Portfolio From Richard Campo Of Camden Property Trust For $1.63B
SOLDMultiFamily

Larry Fink Of BlackRock Acquires Multifamily Portfolio From Richard Campo Of Camden Property Trust For $1.63B

1540 Vine Street

$1,630,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 5, 2026

AI

BlackRock acquired Camden Property Trust’s 3,620-unit Southern California apartment portfolio, which is a multifamily asset located across multiple counties including Los Angeles, Orange, Riverside, and San Diego. The transaction amounted to $1.63 billion, reflecting a per-unit price of $450,276. The property portfolio consists of 11 distinct properties and was financed with a $566.6 million agency acquisition loan arranged by JLL.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,630,000,000
  • Buyer: Larry Fink - BlackRock
  • Seller: Richard Campo - Camden Property Trust
  • Broker: JLL
  • Number of Units: 3,620
  • Price Per Unit: $450,276
  • Market: Los Angeles, Orange, Riverside & San Diego

Larry Fink represents BlackRock in this transaction, while Richard Campo represents Camden Property Trust. The acquisition marks one of the most significant multifamily sales in the U.S. since June 2024 and is a key highlight in the Southern California real estate market.

Players

JLL
JLLBrokerage

Larry Fink

BlackRock

Buyer

$2.2B

vol

6 deals

Buyer

Richard Campo

Camden Property Trust

Seller

$1.7B

vol

2 deals

Seller

Dilley MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.01%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93