Crow Holdings Closes Development Opportunities Fund With $750M Of Committed Capital
Crow Holdings, a Dallas-based national real estate investment and development firm, announced today the final closing of Crow Holdings Development Opportunities Fund I, L.P. (“DOF” or the “Fund”). Managed by Crow Holdings’ investment management company, Crow Holdings Capital, the Fund will focus on the development of industrial, multifamily, and select specialty properties.
The Fund reached its hard cap of $750 million in total commitments over a six-month fundraising period and was oversubscribed shortly after the first close in September 2021, providing total anticipated capitalization, including anticipated leverage, of more than $1.5 billion.
“The continued opportunity in the U.S. logistics and housing sectors is unprecedented in my 30-plus-year career,” said Bob McClain, CEO of Crow Holdings Capital. “We maintain high conviction in these sectors and anticipate attractive risk-adjusted returns for further development, spurred by the importance of supply chain management, sustained consumer adoption of e-commerce, emphasis on housing affordability, and shifting generational demographics — factors that, we believe, will continue to drive U.S. real estate opportunities for years to come.”
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.
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