Crow Holdings Hauls in $3.1B for Latest Fund

Dallas-based Crow Holdings announced the final close of Crow Holdings Realty Partners X, at $3.1 billion of commitments. In addition to investments in the primary Fund, the Fund manager secured co-invest agreements totaling nearly $600 million in equity capital. It’s the group’s largest raise to date. It’s nearly 35% more than the $2.3 billion raised for its predecessor fund.

The Fund intends to invest in value-add real estate assets across the U.S., 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.

The close of Fund X brings the total amount of capital raised across all 10 vintages of the U.S. Diversified Value-Add Real Estate Funds and other Crow-managed vehicles to more than $15.6 billion since 1998.