Crow Holdings has closed its Crow Holdings Industrial Properties Trust (CHIPT) with more than $600 million of equity commitments and $1.5 billion of purchasing power with anticipated leverage.
Managed by Crow Holdings' investment management company, Crow Holdings Capital, the trust was formed to pursue the development and acquisition of Class A industrial properties in key logistics markets across the U.S.
CHIPT is constructing a diverse portfolio of modern logistics properties principally focused on the top logistics markets in the country that provide key infrastructure nodes or act as regional distribution hubs—those with proximity to seaports, airports, rail lines, highway interchanges, and other hubs of logistics activity.
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