Crow Holdings Announces Expanded National Presence with Opening of Two New North Carolina Offices

Offices in Raleigh and Charlotte to Support Multifamily and Industrial Development Activity

DALLAS--(BUSINESS WIRE)--Crow Holdings announced today the opening of two new offices in North Carolina, bringing its national footprint to 17 offices across the U.S. The newest locations will support the Dallas-based real estate investment and development firm’s multifamily and industrial development activities.

“With the opening of offices in Raleigh and Charlotte, we continue our expansion into the highest-opportunity U.S. markets. Establishing a permanent local presence in the Carolinas will allow us to achieve more focused growth across the Research Triangle, Charlotte and broader Carolinas submarkets,” said Michael Levy, CEO of Crow Holdings.

With leading business centers and booming economies, the Carolinas are a prime market for both multifamily and industrial real estate. As secular trends toward apartment living continue to accelerate during the pandemic, the Carolinas in particular are experiencing unprecedented demand for Class-A multifamily and rapid rent growth. Charlotte is also projected for record industrial absorption of more than six million square feet in 2020-2021, with vacancies reaching historic lows.

Plans for the Raleigh office opening were announced at the end of last year. Robbie Brooks, Managing Director at Crow Holdings’ multifamily development company, heads the Raleigh office, which will primarily focus on sourcing and executing ground-up development opportunities for premier multifamily communities in the Carolinas.

Matt Cochrane will lead the Charlotte office to develop state-of-the-art distribution, fulfillment and last-mile properties across the Charlotte, Raleigh, Greenville and Charleston markets. Matt most recently served as the Investment and Leasing Officer for Exeter Property Group in the Carolinas, and previously worked at KDC Real Estate and EastGroup Properties.

“We are pleased to welcome Matt Cochrane to lead industrial development in the Carolinas,” added Levy. “Given the unprecedented demand we saw last quarter for U.S. industrial absorption, combined with continued population and job growth in the Carolinas, the time is right to establish a permanent office.”

Since 1948, Crow Holdings has been investing in the industrial sector, and has grown to become a market leader across both its institutional real estate asset management business and its industrial development business. Last year, Crow Holdings sold or contracted to sell more than $1.5 billion in industrial assets and nearly 15 million square feet of industrial space across its businesses. Since 1998, Crow Holdings operating companies have developed or acquired nearly 90 million square feet of industrial, with an additional 28 million square feet currently in development.

Over the past 40 years, Crow Holdings operating companies have developed or acquired more than 1,000 multifamily communities, representing more than 300,000 apartments across the U.S. Crow Holdings companies currently have more than 70 multifamily communities in development, representing over 20,000 apartments.

ABOUT CROW HOLDINGS
Crow Holdings is a privately-owned, Dallas-based real estate investment and development firm with a 70-year operating history and over $20 billion of assets under management. With a strong track record of performance across property types and market cycles, its activities span a range of strategies and return profiles. Operating from 17 offices across the U.S., Crow Holdings has extensive industry reach with expertise in multifamily, industrial, office and specialty sectors. Over the past 40 years, Crow Holdings operating companies have developed or acquired more than 1,000 multifamily communities, representing approximately 300,000 units, and since 1998, have developed or acquired nearly 90 million square feet of industrial real estate across the U.S. For more information, please visit www.crowholdings.com.