Private Equity

Clear Blue Co. Buys 6-property Portfolio

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Capstone Apartment Partners arranged the sale of the 1,185 units in Kentucky and Indiana. : Private equity firm Clear Blue Co. has acquired a six-property, 1,185-unit apartment portfolio in Kentucky and Indiana from Read Property Group for $61.4 million. Capstone Apartment Partners arranged the sale, with Alex McDermott, Adam Klenk, and Tyler Mayo leading the transaction team. The deal marks the first foray into the region for Nashville, Tenn.-based Clear Blue, which has more than $300 million in assets under management, according to its website.