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

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.