Trammell Crow Residential CEO Ken Valach said he has "never seen anything like" the current multifamily environment of short supply, increased absorption and rent growth particularly in the markets with diversified economies and job and population growth.
Seizing the opportunity through its national real estate investment and development firm Crow Holdings, it has closed its third development pool of its long-term, multifamily build-to-core fund, Crow Holdings Multifamily Build-to-Hold Fund.
With this new $332 million in equity commitments and approximately $680 million in aggregate equity commitments to date for the fund, including anticipated leverage, the company has more than $1.1 billion of purchasing power.
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