Dallas property investment and development giant Crow Holdings aims to raise $3.25 billion for a new real estate investment fund, which would be its largest ever.<\/p>\n
Crow Holdings has already raised nearly $1.1 billion from 49 investors, according to an Aug. 24 filing with the U.S. Securities and Exchange Commission.<\/p>\n
The investment pool, Crow Holdings Realty Partners XI, L.P., is the latest in the firm’s series of value-add funds devoted to improving multifamily, industrial and specialty properties.<\/p>\n
If Crow Holdings meets its goal, the fund will surpass its predecessor. Crow Holdings Realty Partners X\u00a0closed at $3.1<\/a> billion in commitments in 2024, with much of that coming from previous investors in Crow Holdings. The total amount of commitments represented an $800 million increase from the series\u2019 previous iteration.\u00a0<\/p>\n Crow Holdings Realty Partners X also secured an additional $600 million in equity capital through co-investing agreements with other entities, pushing the total potential\u00a0up to $3.7 billion.<\/a>\u00a0<\/p>\n A spokesperson for Crow Holdings declined to comment.<\/p>\n Crow Holdings has $35 billion in assets under management, with an investment-management arm that manages pooled investments in properties and a development arm that builds multifamily, industrial and office buildings across the U.S. Crow Holdings Capital has $20 billion in assets under management.<\/p>\n