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
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