Crow Holdings Raising Nearly $3.3B Fund, Its Largest Ever

Crow Holdings has successfully raised nearly $1.1 billion for its latest fund, Crow Holdings Realty Partners XI LP, aimed at targeting the multifamily and industrial sectors. This fund, which is the company's largest capital raise ever, is set to surpass the $3.1 billion raised by its previous fund, Crow Holdings Realty Partners X LP.

As of now, the fund has secured backing from 49 investors and is already a third of the way to its $3.25 billion target. If it hits the target, it would mark a significant achievement for the Dallas-based real estate investment firm, founded over 75 years ago as the holding company for Trammell Crow's family investments. Crow Holdings now manages $35 billion in assets across the country, with a presence in 20 offices.

The firm has developed over 300,000 multifamily residences, totaling $173 billion in projects, and more than 80 million square feet in industrial projects, valued at nearly $10 billion. The 11th fund in its series is currently being sold through brokers in the U.S., Canada, Hong Kong, South Korea, Israel, Japan, Chile, and Germany.