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Crow Holdings’ Dallas-based Old Parkland is the real estate giant’s signature development. [Photo: Crow Holdings]
Dallas real estate investment firm Crow Holdings has closed its largest fund to date, securing $3.1 billion in new capital from both existing and new investors, the company announced today.
Crow Holdings Realty Partners I can trust the family.
More than 70% of previous fund investors have rejoined Fund X, and new investors include global banks, sovereign wealth funds, insurance companies, pension plans, family offices and high net worth individuals.
“We believe this funding represents not only our partners’ confidence in the series’ performance, but also recognition of the platform’s growth,” Crow Holdings CEO Michael Levy said in a statement.
Crow Holdings aims to strengthen and expand its services and complementary strategies to increase value for its investment partners, the CEO said.
Fund X is managed by Crow Holdings Capital, an investment management company of Crow Holdings.
Secure co-investment agreement
In addition to its primary fund investment, Crow Holdings has entered into a co-investment agreement with the fund manager for a total of nearly $600 million of its own capital, which could result in the strategy’s total investable shares of approximately $3.7 billion. He said that there is a sex.
Crow Holding Capital CEO Bob McClain said the fund will invest selectively in real estate assets that can benefit from long-term trends that support continued income growth. We primarily focus on industrial real estate and multifamily properties in high-growth markets across the country.
McLean said the firm is “confident about the current opportunity and potential,” noting his investment team has a track record of strong performance across multiple real estate cycles.
Investment target
The fund said it intends to invest in value-add real estate assets across the U.S., primarily industrial and multifamily housing, as well as opportunities in specialty areas such as manufactured housing, convenience stores, self-storage, and student housing. .
Crow Holdings said more than 25% of Fund X’s capital has been allocated to 14 investments to date.
“Our success in raising capital, particularly in the current challenging equity market environment, is a testament to our ability to identify and secure attractive real estate investments in our core focus areas, and to our returning and new investors. This is a testament to our trust in the company,” said Ko Jurasek of Crow Holdings Capital. The executive director in charge of investor relations said in a statement:
Crow Holdings said the closure of Fund
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