Crow Holdings has announced the final close of its tenth value-add real estate fund with $3.1 billion of commitments. In addition to investments in the primary fund, Crow secured co-invest agreements totaling nearly $600 million in equity capital, for a total of $3.7 billion in equity for the strategy.
The fund will invest in value-add real estate assets across the US, 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.
Fund X marks the firm's largest fundraise to-date and is a nearly 35% increase from the $2.3 billion of commitments raised for the predecessor Fund IX.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
