Crow Holdings

Crow Holdings Announces Manufactured Housing Portfolio Acquisition

Retrieved on: 
Thursday, March 21, 2024
Residential Building & Real Estate, Construction & Property, REIT, Acquisition, CHC, Housing, Investment, Manufactured housing, Safety, Lighting, Holding, Basketball, Crow Holdings, Cryptocurrency

Crow Holdings, a leading national real estate investment and development firm, announced today the acquisition of a privately owned 46-property, 9,838-pad, all-age manufactured housing portfolio across Ohio, Missouri, Illinois, Indiana, Montana, and Florida.

Key Points: 
  • Crow Holdings, a leading national real estate investment and development firm, announced today the acquisition of a privately owned 46-property, 9,838-pad, all-age manufactured housing portfolio across Ohio, Missouri, Illinois, Indiana, Montana, and Florida.
  • The acquisition was made through Crow Holdings’ investment management company Crow Holdings Capital (“CHC”) and acquired on behalf of investors in Crow Holdings Realty Partners X, L.P. (“The Fund”), which closed in February 2024 with $3.1 billion of commitments.
  • “Given the high cost of homeownership driven by increasing home prices and mortgage rates, manufactured housing communities are extremely attractive options for residents,” said Bob McClain, CEO of Crow Holdings Capital.
  • “Crow Holdings’ depth of experience in the sector has provided us with the relationships and capabilities to build a market-leading, nationwide manufactured housing platform.

Trammell Crow Residential Expands in Greater Boston with New Luxury Community in Chelmsford

Retrieved on: 
Thursday, March 7, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, TCR, Crow Holdings, Florida State Road 438, Crow, Corridor, Northeast Division, Partnership, Self storage

Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, today announced construction has commenced on its latest Alexan community, a 340-unit, luxury multifamily residence in Chelmsford, Massachusetts.

Key Points: 
  • Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, today announced construction has commenced on its latest Alexan community, a 340-unit, luxury multifamily residence in Chelmsford, Massachusetts.
  • Located at 255 Princeton Street, Alexan Chelmsford will redevelop the former UMass Lowell West Campus into a tranquil, 32-acre residential community.
  • This development is a continuation of our company’s efforts to meet Greater Boston’s housing demand,” said Andy Huntoon , Managing Director, Northeast Division of Trammell Crow Residential.
  • With the addition of Alexan Chelmsford, TCR’s Northeast apartment portfolio has nearly 2,000 apartment units in various stages of development.

Crow Holdings Closes Tenth U.S. Diversified Value-Add Real Estate Fund at $3.1 Billion

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Insurance, Finance, Construction & Property, REIT, Personal Finance, Crow Holdings, Investment, Growth, CHC, Holding, Fund, Housing, Financial services

In addition to investments in the primary Fund, the Fund manager secured co-invest agreements totaling nearly $600 million in equity capital, resulting in the potential for approximately $3.7 billion in total investable equity for the strategy.

Key Points: 
  • In addition to investments in the primary Fund, the Fund manager secured co-invest agreements totaling nearly $600 million in equity capital, resulting in the potential for approximately $3.7 billion in total investable equity for the strategy.
  • Fund X, which is managed by Crow Holdings’ investment management company Crow Holdings Capital (CHC), marks the firm’s largest fundraise to-date and is a nearly 35 percent increase from the $2.3 billion of commitments raised for the predecessor Fund IX.
  • The Fund intends to invest in value-add real estate assets across the U.S., primarily in industrial and multifamily, as well as in specialty sector opportunities, including manufactured housing, convenience retail, self-storage, and student housing.
  • More than 25% of Fund X’s capital to date has been committed across 14 investments.

Trammell Crow Residential Expands in Greater Boston with New Luxury Community in Peabody

Retrieved on: 
Wednesday, January 10, 2024
Residential Building & Real Estate, Construction & Property, REIT, Crow, Newbury Street, Northeast Division, Northshore Mall, Housing, City, Crow Holdings, TCR, Commercial property

Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, today announced construction has commenced on its latest Alexan community, a 180-unit, luxury multifamily residence in Peabody, Massachusetts.

Key Points: 
  • Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, today announced construction has commenced on its latest Alexan community, a 180-unit, luxury multifamily residence in Peabody, Massachusetts.
  • Alexan Peabody, a four-story, luxury multifamily development, will be located at 128 Newbury Street along Route 1.
  • Alexan Peabody will offer both market-rate and affordable studio, one-bedroom, two-bedroom, and three-bedroom units.
  • With the addition of Alexan Peabody, TCR’s Northeast apartment portfolio has more than 1,600 apartment units in various stages of development.

INGENIOUS.BUILD Secures $37 Million in Series A Funding to Transform Real Estate Development and Construction

Retrieved on: 
Thursday, November 16, 2023
Commercial Building & Real Estate, Technology, Construction & Property, Urban Planning, Other Technology, Landscape, Software, Building Systems, Other Construction & Property, Residential Building & Real Estate, Navitas, Organization, Cushman & Wakefield, Risk, Construction, Real estate development, Investment, Crow Holdings, Ecosystem, Automation, Lightspeed Venture Partners, Communication

INGENIOUS.BUILD , a leading technology company specializing in project management software for Real Estate Development and Construction, has successfully closed its Series A funding round, securing a total of $37 million.

Key Points: 
  • INGENIOUS.BUILD , a leading technology company specializing in project management software for Real Estate Development and Construction, has successfully closed its Series A funding round, securing a total of $37 million.
  • We are also pleased to acknowledge the continued involvement of existing investor and valued client Cushman & Wakefield in reaching this significant milestone.
  • This collective support, alongside other strategic partners, signifies a pivotal moment for INGENIOUS.BUILD in its transformative journey within the industry.
  • "We are excited to partner with Nick and the team at INGENIOUS to transform how commercial construction projects are managed.

Trammell Crow Residential Announces Development of Luxury Multifamily Community in Boston Metro Area

Retrieved on: 
Tuesday, August 29, 2023
REIT, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Urban Planning, Main Street, Employment, Northeast Division, Crow, TCR, Green Line E branch, Crow Holdings, City, Restaurant, Moody Street Historic District, One Bedroom, Central Massachusetts Railroad, Road, Greater Boston

Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced today that it has closed on its construction loan to commence building its latest Alexan community, a 210-unit, luxury multifamily residence in Waltham, Massachusetts.

Key Points: 
  • Trammell Crow Residential (TCR), the multifamily development platform of Crow Holdings, announced today that it has closed on its construction loan to commence building its latest Alexan community, a 210-unit, luxury multifamily residence in Waltham, Massachusetts.
  • Alexan Waltham will be located at 73 Pond Street in downtown Waltham and will feature five stories of Class A residential apartments over one level of at-grade podium parking.
  • Alexan Waltham will offer both market-rate and affordable units in studio, one-bedroom, two-bedroom, and three-bedroom layouts ranging from 650 to 1,400 square feet.
  • “This project is another example of TCR’s strategy to invest in high-growth areas across the U.S.,” said Andy Huntoon, Managing Director, Northeast Division of Trammell Crow Residential.

Franklin BSP Realty Trust, Inc. Announces Closing of a $80 Million Loan on the Alexan Waterloo, a Luxury High-Rise Multifamily Property

Retrieved on: 
Monday, August 7, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Crow Holdings, NYSE, History, Commercial property

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located in downtown Austin, Texas, centrally located to the medical district.

Key Points: 
  • Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced the closing of a $80 million loan facilitating the refinancing of the Alexan Waterloo (“the Alexan”), a 272-unit, 30-story, 2021-vintage luxury high-rise multifamily property located in downtown Austin, Texas, centrally located to the medical district.
  • An initial advance of $78.0 million was funded at closing with future advances of $2.0 million available to the borrower.
  • The loan was structured with a two-year initial term and three one-year extension options, subject to the borrower meeting certain requirements.
  • This loan is representative of exactly the type of credit we are looking for – a great property with a great borrower in a great location.”

Crow Holdings Launches Renewables Business to Capitalize on Strong Nationwide Demand

Retrieved on: 
Tuesday, June 6, 2023
Alternative Energy, Energy, Professional Services, Finance, EDP Renováveis, NextEra Energy Resources, Holding, Morgan Stanley, Senior, Wind, Pelosi, Crow Holdings, Goldman Sachs, EDP, Renewable energy, Lennar

Crow Holdings, a leading national real estate investment and development firm, announced today the launch of Crow Holdings Renewables, a new business that aims to apply Crow Holdings’ development expertise and local presence in several of the fastest-growing solar markets across the U.S. to develop community- and utility-scale solar energy and battery storage projects across the country.

Key Points: 
  • Crow Holdings, a leading national real estate investment and development firm, announced today the launch of Crow Holdings Renewables, a new business that aims to apply Crow Holdings’ development expertise and local presence in several of the fastest-growing solar markets across the U.S. to develop community- and utility-scale solar energy and battery storage projects across the country.
  • Crow Holdings Renewables is initially focused on the entitlement and development of community solar projects (and related battery storage solutions) averaging 5 Megawatts (MW) and mid-sized, utility-scale projects averaging 25 MW.
  • As a business line of Crow Holdings, which has significant greenfield development experience, Crow Holdings Renewables is also well-positioned to leverage an extensive portfolio of industrial properties, with potential to add solar to millions of square feet of industrial rooftops across the country that could provide lower-cost energy to all ratepayers.
  • Crow Holdings Renewables is co-led by Laurence Pelosi, Senior Managing Director at Crow Holdings, and Tim Marvich, who recently joined the company as a Managing Director.

Crow Holdings Announces Joint Venture With Leading Global Institutional Investor to Establish $2.6B Platform for Food & Service Shopping Center Investments

Retrieved on: 
Tuesday, May 23, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Crow Holdings, Growth, City, CHC, Holding, Food, Partnership, Platform, Financial services

Crow Holdings, a leading national real estate investment and development firm, announced today the formation of a joint venture and retail real estate investment platform (“the Platform”) with its investment management business Crow Holdings Capital (“CHC”) and a global institutional investor.

Key Points: 
  • Crow Holdings, a leading national real estate investment and development firm, announced today the formation of a joint venture and retail real estate investment platform (“the Platform”) with its investment management business Crow Holdings Capital (“CHC”) and a global institutional investor.
  • This partnership enables CHC to expand its retail investment strategy of acquiring small-format, convenience-oriented, open-air, food and service shopping centers and to continue capitalizing on the opportunity to aggregate an institutional-quality portfolio in a highly fragmented market.
  • While e-commerce has been disruptive to other retail segments – and advantageous to industrial development – these types of food and service centers have succeeded where other, more goods-based retail has been negatively affected.
  • “We have an incredible opportunity to continue to aggregate high-quality but non-institutional-scale assets and unlock their growth potential by applying an institutional asset management framework.

Broad Street Development Launches Paradigm Advisory Group to Preserve, Enhance Real Estate Value for Lenders, Special Servicers and Borrowers

Retrieved on: 
Monday, April 17, 2023
BSD, PCCP, Paradigm, Asset management, Broad Street, Lexington Avenue, Senior, M&T Bank, Marketing, Sale, Cigna, Blackstone, Crow Holdings, RXR, Driggs Avenue station, Sullivan Street, PBB, Barings LLC, Terra, MetLife, Environment, Bleecker Street, Bank, Construction, Prudential

NEW YORK, April 17, 2023 /PRNewswire/ -- Broad Street Development LLC (BSD), a vertically integrated owner-operator, launched a new consulting arm to their company, Paradigm Advisory Group, founded by BSD principals Raymond Chalme and Daniel Blanco. Paradigm protects and enhances the value of distressed real estate assets on behalf of lenders, borrowers and special servicers. Paradigm's team, with decades of construction, leasing, restructuring, conversion, property management and marketing experience, will stabilize and preserve the value of New York City assets caught up in the challenging interest rate environment coupled with increased capital costs and declining operating fundamentals.

Key Points: 
  • Paradigm protects and enhances the value of distressed real estate assets on behalf of lenders, borrowers and special servicers.
  • Paradigm provides value-added asset management, construction, property management and leasing in both the office and residential sectors.
  • "This year alone we expect to see $30 billion of loans maturing on office property in New York.
  • The goal is to maximize value," said David Israni, Senior Managing Director of Asset Management for BSD.