{"id":1004551320,"date":"2021-09-23T03:28:03","date_gmt":"2021-09-23T11:28:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004551320"},"modified":"2022-12-06T18:08:28","modified_gmt":"2022-12-07T02:08:28","slug":"crow-holdings-closes-fund-at-2-3b","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/","title":{"rendered":"Crow Holdings Closes Fund at $2.3B"},"content":{"rendered":"
\"Millstone<\/a>

Millstone 8 Logistics Center in Millstone, N.J., a project by Crow Holdings and The Carlyle Group. Image courtesy of Crow Holdings<\/p><\/div>\n

Crow Holdings has reached the final closing of Crow Holdings Realty Partners IX LP. The fund invests in value-add real estate across the U.S., primarily in industrial and multifamily, but also in specialty sector opportunities, including manufactured housing, convenience and gas, self storage and student housing.<\/p>\n

Fund IX marks both Crow\u2019s largest fundraise to date and a significant increase from the $1.3 billion of commitments raised for its predecessor.<\/p>\n

\n

READ ALSO:<\/strong> Crow Holdings JV Kickstarts 1.2 MSF Project<\/a><\/p>\n

\n

The fund was oversubscribed, with about $2.3 billion in commitments, above its original hard cap of $2 billion. It reportedly received strong support from existing investors and significant participation from new ones, including global banks and insurance companies, pension plans, family offices, and high-net-worth individuals. The fund has also closed on co-investments totaling $265 million in equity capital, resulting in about $2.6 billion in total investable equity.<\/p>\n

Entirely raised during the COVID-19 pandemic, Fund IX is managed by Crow Holdings\u2019 investment management company, Crow Holdings Capital. Hodes Weill Securities LLC acted as placement agent.<\/p>\n

So far, more than 63 percent of the capital has been committed across 62 investments, located primarily in the Southwest, Southeast and Mountain regions.<\/p>\n

Active seller, partner<\/h2>\n

In April, Crow agreed to sell an 11-building portfolio<\/a> totaling nearly 2 million square feet of industrial space to the California State Teachers\u2019 Retirement System for $320 million. The properties represented about two-thirds of Crow\u2019s Inland Empire industrial assets.<\/p>\n

Last December, Crow sold a 49 percent stake<\/a> in a 6.1 million-square-foot industrial portfolio to new joint venture partner Allianz Real Estate. All 19 properties had been developed by Crow. The portfolio\u2019s center of gravity is the 3.8 million-square-foot Wildlife Commerce Park in Grand Prairie, Texas, in metro Dallas\u2013Fort Worth.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment vehicle is the firm\u2019s largest ever and nearly double the size of its predecessor.<\/p>\n","protected":false},"author":882,"featured_media":1004544383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,23891,21742],"tags":[37358,33709],"class_list":["post-1004551320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-national","category-latest","tag-crow-holdings","tag-hodes-weill-securities"],"acf":[],"yoast_head":"\nCrow Holdings Closes Fund at $2.3B - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crow Holdings Closes Fund at $2.3B\" \/>\n<meta property=\"og:description\" content=\"The investment vehicle is the firm\u2019s largest ever and nearly double the size of its predecessor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-23T11:28:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T02:08:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Millstone-8-Logistics-Center_NJ.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/\",\"name\":\"Crow Holdings Closes Fund at $2.3B - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Millstone-8-Logistics-Center_NJ.jpg\",\"datePublished\":\"2021-09-23T11:28:03+00:00\",\"dateModified\":\"2022-12-07T02:08:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-closes-fund-at-2-3b\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Millstone-8-Logistics-Center_NJ.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Millstone-8-Logistics-Center_NJ.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Millstone 8 Logistics Center in Millstone, N.J., a project by Crow Holdings and The Carlyle Group. 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