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Cresset and Diversified Launch Partnership of Real Estate Groups

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.  


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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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