CHC-Real Estate raises $417 mln for sophomore fund

Crow Holdings Capital-Real Estate has closed its second fund at $417 million. Retail Fund II will focus on acquiring small food and service-oriented centers near universities, hospitals, corporate office parks and densely populated neighborhoods.

PRESS RELEASE

DALLAS, Nov. 7, 2016 /PRNewswire/ — Crow Holdings Capital – Real Estate (“CHC-Real Estate”), a North America-focused asset manager of private equity real estate funds, today announced the successful closing of Crow Holdings Retail Fund II (“Retail Fund II”), which includes $417 million in capital commitments.

Retail Fund II represents the second fund in the series. The first fund closed in June 2015 with $295 million in capital commitments. The investment strategy leverages CHC-RE’s longstanding retail experience and track record across 18 years of fund investing in major U.S. markets.

Bob McClain, head of real estate at CHC-Real Estate commented, “We are pleased to close on Retail Fund II, a unique opportunity to acquire small food and service-oriented centers near universities, hospitals, corporate office parks, and densely populated neighborhoods. We thank our investment partners for their support and confidence.”

About Crow Holdings Capital – Real Estate:
Crow Holdings Capital–Real Estate (CHC–Real Estate) is a North America-focused asset manager of private equity real estate funds. Since 1998, CHC–Real Estate and CHC-affiliated entities have managed ten funds with equity capital totaling approximately $6.7 billion, with which nearly $18 billion in assets have been acquired or developed. CHC–Real Estate is managed and directed by an investment team of seven members, who on average, have worked with CHC and CHC-affiliated entities for more than 23 years. The firm’s breadth of experience investing through real estate cycles coupled with a strong alignment with its valued partners advise a cautious – but agile – strategy that includes acquisition, value creation, and development.
For more information on CHC-Real Estate, please visit www.crowholdingscapital-re.com.