The Clear Blue Company

What The Clear Blue Company does

The Clear Blue Company is a Nashville-based private real estate development firm founded in 2011 by Nick Ogden, focused on solving the affordable and workforce housing crisis through two core strategies: ground-up development of new affordable housing communities and preservation/value-add renovation of existing workforce housing. The company operates a vertically integrated platform comprising six internal teams (Acquisitions, Asset Management, Construction, Development, Finance, and Administration), an investment platform under the Clear Blue Capital sub-brand that raises capital from mission-aligned LPs through the Juniper Square investor portal, and a wholly-owned general contracting subsidiary called Clear Blue Construction launched in April 2026. As of 2025, the company manages over $1B in assets, 6,700+ multifamily units across 16 cities in the Southeast US, and serves 10,000+ residents, with notable projects including the $65M Ben Allen Road development, the 238-unit Highland East community in East Nashville, and a 254-unit senior housing joint venture on church-owned land in North Nashville with Urban Campus and Core.

The business model is a hybrid of project-level development fees, asset management fees on the owned portfolio, and construction services revenue from Clear Blue Construction. CBC pursues public-private partnerships with municipalities, housing authorities, and faith-based organizations such as the United Church of Christ, leveraging the church-owned land development model to source off-market sites — a niche that has attracted partnerships with national intermediaries including Eden Housing and LISC Bay Area, and corporate capital from Amazon's $2.2B affordable housing initiative. Revenue and unit economics are not publicly disclosed. Capital is raised deal-by-deal from a base of institutional and impact LPs rather than through a blind-pool fund structure, and the platform has not publicly disclosed any external VC or PE funding rounds. The company's competitive positioning rests on a "resident-first" model that incorporates resident input into development decisions and provides wraparound community programming alongside physical housing delivery.

Name

The Clear Blue Company

Legal name

The Clear Blue Company

Website

https://theclearbluecompany.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

The Clear Blue Company is a Nashville-based private real estate development firm founded in 2011 that develops, preserves, and renovates affordable and workforce housing across 16 Southeastern US markets, managing over $1B in assets and 6,700+ units for residents, mission-aligned investors, and public-private development partners.

Ownership category

akta.pro rank

Product category

Affordable Housing Real Estate Development

NAICS

Management of Companies and Enterprises (551)

SIC

General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552), Investors, Nec (6799)

akta.pro industry

PRIMARYIMAFAAAB

Residential General Contracting (New Build)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/General Contracting & Construction Management

SECONDARYIMAFAAAA

Commercial General Contracting (New Build)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/General Contracting & Construction Management

SECONDARYFSANAHAN

Corporate Strategic Real Assets & Infrastructure Venture Investing

Financial & Insurance/Private Equity & Venture Capital/Corporate Venture Capital (CVC)

Keywords

• Affordable housing development
• Workforce housing preservation
• Real estate investment
• Multifamily development
• Construction management

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Real Estate Development Fees: CBC generates development fees from new construction and preservation projects, including acquisition, development, and construction oversight across their portfolio of affordable and workforce housing.
2. General Contracting Services: Clear Blue Construction, their Nashville-based general contractor subsidiary, delivers construction services for commercial, multifamily, and community projects, generating revenue through construction management and delivery.
3. Asset Management Fees: CBC oversees portfolio performance, financial reporting, and asset operations, earning fees for managing multifamily units across their portfolio.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

The Clear Blue Company is a private equity real estate development firm that develops, preserves, and renovates affordable and workforce housing communities across the Southeastern United States. The company operates an integrated platform combining ground-up development, value-add renovation, in-house general contracting (Clear Blue Construction), and capital raising for institutional investors. It manages over $1B in assets across 6,700+ units in 16 markets, serving residents with resident-first community programming alongside mission-aligned capital partners.

Product overview

The Clear Blue Company is a real estate development firm operating as a unified platform combining affordable housing development, workforce housing preservation, and construction services. The core offering consists of two main strategies: (1) Ground-up development of new affordable communities and (2) Preservation and value-add renovation of existing workforce housing. Clear Blue Construction serves as the company's general contracting arm, while the Investment Platform provides access to capital for investors seeking mission-aligned housing investments. The company manages over $1B in assets across 6,700+ units in the Southeast.

Differentiator

Problem solved

Functional benefit

Brands

• Clear Blue Construction: Nashville-based general contractor delivering high-quality projects across commercial, multifamily, and community spaces.
• Clear Blue Capital

Products and services

• Affordable Housing Development Ground-up development of new affordable and workforce housing communities across the Southeast, focusing on high-quality, sustainable construction. Targeted at residents and families seeking affordable housing, in partnership with development partners.
• Workforce Housing Preservation Preservation and revitalization of existing workforce and affordable housing apartments to maintain stable, well-maintained housing for families and individuals. Targeted at residents needing affordable housing and investors seeking stable returns.
• Clear Blue Construction Nashville-based general contracting platform delivering high-quality projects across commercial, multifamily, and community spaces with disciplined execution, transparent communication, and ownership mindset. Serves CBC's own portfolio and external clients.
• Value-Add Renovation Renovation and improvement services for existing properties to enhance quality, functionality, and resident experience while maintaining affordability. Targeted at improving existing multifamily assets within CBC's portfolio.
• Clear Blue Capital Investment Platform Disciplined investment platform offering institutional investors access to affordable and workforce housing opportunities with long-term stability and community impact. Operated through Juniper Square investor portal for capital raising and investor relations.

Quantifiable outcome

• Over $1B in assets under management
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Urban CampuscoreStrategic or Co-development Partner · 23 January 2025CBC partnered with Urban Campus and Core to break ground on a 254-unit affordable seniors housing community in North Nashville, demonstrating joint venture approach to church land development.
• CorecoreStrategic or Co-development Partner · 23 January 2025CBC partnered with Urban Campus and Core to develop a 254-unit affordable seniors housing community in North Nashville, utilizing church land through joint venture structure.
• Eden HousingcoreStrategic or Co-development PartnerEden Housing provides technical support and partnerships for church-owned land transformation into affordable housing projects across North America.
• LISC Bay AreacoreStrategic or Co-development PartnerLISC Bay Area provides financing and technical support for affordable housing development on church land through their programs and expertise.
• United Church of ChristcoreStrategic or Co-development PartnerUnited Church of Christ provides partnerships and support for developing affordable housing on faith-owned land through their housing ministry programs.
• Habitat for HumanityminorStrategic or Co-development PartnerMultiple team members volunteer with Habitat for Humanity, supporting community development initiatives in Nashville and Middle Tennessee.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• McCormack Baron Salazar: National affordable housing developer focused on urban, mixed-income, and mixed-use developments, with deep LIHTC and public-private partnership experience. Comparable to CBC in mission orientation, mixed-finance development approach, and partnership-based deal sourcing.
• BRIDGE Housing: Mission-driven nonprofit developer of affordable and workforce housing across the Western U.S. Comparable in combining LIHTC-financed new construction, preservation, and resident services, with a similarly integrated development-and-management platform.
• Eden Housing: California-based nonprofit affordable housing developer and a current CBC co-development partner on faith-land affordable housing projects. Highly comparable in LIHTC-driven multifamily development and faith/community partnership model.
• Dominium: One of the largest U.S. affordable housing developers and owners, operating a vertically integrated platform of development, acquisition, and management across multiple regions. Highly comparable to CBC in LIHTC-driven multifamily development, though at materially greater scale.
• The NHP Foundation: Not-for-profit affordable housing owner/developer with a national portfolio. Comparable to CBC in mission alignment, LIHTC and public-finance deal structuring, and mixed preservation/development strategy.
• LDG Development: Multifamily affordable and market-rate housing developer with a strong Southeast presence and LIHTC expertise (Carter Swayze previously worked there). Direct comparable in regional deal sourcing, LIHTC financing, and workforce housing focus.
• Standard Communities: Affordable and workforce housing developer with a national footprint, recently expanding into the Southeast (Carter Swayze opened their Nashville office before joining CBC). Direct comparable in LIHTC-financed multifamily development and preservation strategy.
• Highmark Holdings: Southeast-focused real estate investment and development firm with LIHTC expertise (Ashley Stockton-Massie previously worked there). Comparable in regional deal sourcing, LIHTC-financed acquisitions, and affordable housing investment focus.

Broad incumbents

• Enterprise Community Partners: National nonprofit with a much broader platform spanning development, lending, policy, and advisory services in affordable housing. Comparable in mission and LIHTC deployment, but operates at significantly greater scale and across the full housing value chain.

Emerging players

• Urban Campus: Co-developer partner with CBC on the 254-unit North Nashville senior affordable housing project. Comparable in mission-aligned, partnership-driven affordable housing development, though with a more emerging-stage profile and narrower focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-clear-blue-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Clear Blue Company