Thursday, January 14, 2016

Crow Holdings shopping for real estate opportunities with help of $1.85B fund

Dallas-based Crow Holdings Capital - Real Estate closed on a new real estate fund in December with $1.85 billion of capital commitments.

The fund — Crow Holdings Realty Partners VII — will shop for new real estate opportunities on behalf of its investors.

Crow Holdings operates within Old Parkland, which recently added some new buildings.
Crow Holdings operates within Old Parkland, which recently added some new buildings.

"We are pleased to close on Fund VII, a fund that is well-positioned to capitalize on opportunities that build on our track record of real estate value creation," said Bob McClain, head of real estate investment strategies with Crow Holdings Capital - Real Estate, in a statement.

"We now look forward to executing on a strong pipeline that reflects our disciplined investment approach," he added.

The fund will concentrate on acquiring a diverse portfolio of new or existing properties — from industrial, retail, office, apartments, retail, hotel and self storage real estate — that generates current income and benefits from capital appreciation.

Along with Fund VII, Crow Holdings also closed on its inaugural Crow Holdings Retail Fund in June at $295 million, with plans to acquire retail real estate.

Since opening the private equity real estate fund business in 1998, Crow Holdings have raised funds totaling $6.25 billion.

Link to full article here

By Dallas Business Journal/Candace Carlisle