Cresset Partners and Diversified Real Estate Capital, both headquartered in Chicago, have launched a partnership of their real estate groups, expanding Cresset’s real estate investment platform. The partnership formalizes and builds upon the existing relationship between Cresset and Diversified, which currently has 13 conservatively financed buildings under development nationally.
The combined entity, which is called Cresset Real Estate Partners, will target institutional-quality investment opportunities in a variety of asset types, including multifamily, office, industrial, and hospitality. It will source and execute on investments directly or work with top-tier operating partners to bring unique investments to clients.
Cresset Real Estate Partners will be led by executive managing director Michael L. Miller. Diversified founder Larry Levy will continue to provide leadership and guidance in his role as co-founder, along with Cresset co-founders Avy Stein and Eric Becker. The platform will operate as a part of the broader Cresset team of 170 employees.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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