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Press release content from Business Wire. The AP news staff was not involved in its creation.

Crow Holdings Announces Plans to Open Raleigh Office, Expanding National Presence

November 17, 2020 GMT

DALLAS--(BUSINESS WIRE)--Nov 17, 2020--

Crow Holdings announced today the opening of its development company’s 15 th national office in Raleigh, North Carolina. The newest office location for the Dallas-based real estate investment and development firm will primarily support the operations of Trammell Crow Residential (TCR), Crow Holdings’ multifamily development company. The Raleigh office will be led by Robbie Brooks, TCR’s current Managing Director of the Mid-Atlantic Region. Brooks will transition from that role, in which he has been responsible for development in Washington D.C., Northern Virginia, and Maryland since the company’s Mid-Atlantic office opened in 2014, in order to relocate to Raleigh to focus full-time on sourcing and executing new ground-up development opportunities for premier multifamily communities in the Carolinas.

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“With the opening of our first North Carolina office in Raleigh, we continue Crow Holdings’ and TCR’s expansion into high-opportunity U.S. markets. Establishing a permanent local presence in Raleigh will allow us to achieve more focused growth in both the Research Triangle and Charlotte submarkets,” said Ken Valach, CEO of Crow Holdings’ development companies, including TCR, Crow Holdings Industrial and Crow Holdings Office. “With secular trends toward apartment living accelerating during the pandemic, and the Carolinas in particular experiencing unprecedented demand for Class-A multifamily, we know Robbie will continue the tremendous track record of success he has built in the Carolinas by focusing on this submarket full-time.”

Brooks added, “Having been with TCR, a Crow Holdings company, in the D.C. office for over six years, I’m thrilled to return to my home state of North Carolina to expand our efforts in the Raleigh-Durham and Charlotte markets and help lead growth initiatives in the region.”

Under Brooks’ leadership over the past six years, the Mid-Atlantic team built over 2,100 apartment homes, including 265 units in the Carolinas. Crow Holdings intends to continue growing the footprint in D.C., Virginia, and Maryland, with Matt Hard leading the local TCR team.

Since 1977, Crow Holdings, through TCR, has developed more than 250,000 amenity-rich multifamily residences nationwide, with convenient access to employment, shopping, cultural activities and transportation. Local offices across the U.S. provide an on-the-ground presence, deep network and an understanding of market dynamics.

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ABOUT CROW HOLDINGS

Crow Holdings is a privately owned real estate investment and development firm headquartered in Dallas, Texas. With a 70-year operating history and a strong track record of performance and innovation, the Company has extensive industry reach and access through its businesses’ 15 U.S. offices. The investment management platform consists of Crow Holdings Capital (CHC) and Crow Holdings Partners (CHP). CHC manages $10.6B of real estate assets through its value-add and specialized funds invested across property types in the United States. CHP is focused on investing in and managing developments sponsored by Trammell Crow Residential and Crow Holdings Industrial through separate accounts, programmatic ventures and funds. The development platform consists of Trammell Crow Residential, Crow Holdings Industrial and Crow Holdings Office, and develops multifamily, industrial and office properties. The founding principles of partnership, collaboration and alignment of interests remain central to the firm’s mission today. For more information, please visit www.crowholdings.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201117005309/en/

CONTACT: Mendel Communications

Bill Mendel, 212-397-1030

bill@mendelcommunications.com

KEYWORD: NORTH CAROLINA TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Crow Holdings

Copyright Business Wire 2020.

PUB: 11/17/2020 08:00 AM/DISC: 11/17/2020 08:01 AM

http://www.businesswire.com/news/home/20201117005309/en