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Trammell Crow Residential Press Release

Trammell Crow Residential Opens Tampa Office to Expand National Platform

Trammell Crow Residential (TCR), the multifamily development company of Dallas-based Crow Holdings, announced today the opening of an office location in Tampa, Florida, further expanding the company’s national presence and establishing proximity to additional southeast markets. Steven Epps, Vice President in the TCR Atlanta office, has transitioned out of that role to open the Tampa location, where he will focus on sourcing and executing new ground-up development opportunities for premier multifamily communities in Central Florida. The Tampa location is the company’s 17th office location in the U.S. and second development office in Florida. “Our activity in the Southeast region of the country has continued to accelerate in recent years, supported by the secular trends of domestic migration and undersupply of housing options,” said Jim Berardinelli, Managing Director of TCR Florida. “We believe our proximity to our properties is a competitive advantage, not only to see projects through every phase of development – from permitting to construction to delivery – but also to identify future opportunities.” “Over the past several years, I’ve become extremely familiar with the Central Florida market,” Epps said. “I look forward to helping TCR strengthen our foothold in the area even further, working with our partners, and contributing to the development of high-quality communities for residents.” Last year, TCR developed five communities in Central and South Florida, totaling 1,444 apartments, and the company has identified a pipeline of 11 other communities in Central and South Florida that would bring 3,747 more apartments to market. Four communities, totaling 1,152 apartments, are currently under construction and recently breaking ground on Alexan Grove in Tampa, a 300-unit garden development within The Grove, a 472,000-square-foot retail center. About Trammell Crow Residential Trammell Crow Residential (TCR) is a leading multifamily real estate developer with a local presence in 17 key U.S. markets. Over 40 years, TCR has built more than 265,000 premier multifamily residences, delivering amenity-rich communities in economically thriving locations nationwide. TCR is part of the development platform of Crow Holdings, a privately owned real estate investment and development firm with more than 70 years of history, $24 billion of assets under management, and an established platform with a vision for continued success. For more information, please visit

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Crow Holdings Capital Press Release

Crow Holdings Closes Multifamily Build-to-Hold Fund with $680M Raised to Date

Crow Holdings, a leading national real estate investment and development firm, announced today the closing of the third development pool of the long-term, multifamily build-to-core fund, Crow Holdings Multi-Family Build-to-Hold Fund, L.P. (the “Fund”) managed by Crow Holdings’ investment management company, Crow Holdings Capital. The multifamily build-to-hold program, which began in 2016, combines the capabilities of the firm’s investment management company and the expertise of the firm’s multifamily real estate developer, Trammell Crow Residential (“TCR”). The recent close of $332 million in equity commitments in the latest development pool results in approximately $680 million in aggregate equity commitments to date for the Fund, which, including anticipated leverage, provides capitalization for more than $1.1 billion of apartments. The Fund is designed to build a geographically diversified portfolio of core, stabilized, Class A multifamily assets at wholesale pricing and then hold the assets for the long-term as an intended source of steady cash flow and value creation. “We are always honored to partner with our investors across our many products and vehicles that span the spectrum of risk-adjusted returns,” said Bob McClain, CEO of Crow Holdings Capital. “This Fund is another example of executing on our strategy that focuses on secular trends of demographics and domestic migration. With hundreds of realized transactions over the past two decades, we’ve honed our ability to analyze and execute transactions that are geographically diversified in cities and regions with the most durable renter demand.” “TCR has been developing luxury apartments for decades, and today’s market is unlike anything I’ve seen in my time in the industry,” said Ken Valach, CEO of TCR and recently appointed president of the National Multifamily Housing Council. “Supply is still well short of demand, leading to increased absorption and rent growth particularly in the markets with diversified economies and job and population growth. I’m proud of our teams’ ability to develop these high-quality communities.” With TCR’s 16 local offices in major markets around the country and a team of more than 300 development and construction personnel, the Fund benefits from an on-the-ground presence in target markets, including Atlanta, Austin, Boston, Charlotte, Dallas, Denver, Houston, Los Angeles, Phoenix, Raleigh/Durham, San Diego, San Francisco, Seattle, South Florida, Tampa, and Washington D.C. This is Crow Holdings’ third closing announcement of an investment vehicle in less than two months. Together with the previously announced close of Crow Holdings Industrial Properties Trust on March 14 and the close of Development Opportunities Fund on March 28, these three announced fund closings total nearly $1.7 billion in equity commitments. About Crow Holdings Crow Holdings is a leading national real estate investment and development firm with more than 70 years of history, $24 billion of assets under management, and an established platform with a vision for continued success. Crow Holdings pursues compelling investment opportunities through a range of strategies, product types, and ventures, consistently seeking to create value for its investors, partners, and communities. Operating from 20 offices in key markets across the U.S., Crow Holdings has extensive industry reach and expertise in multifamily, industrial, office, and specialty sectors. The firm’s ongoing legacy is rooted in its founding principles: partnership, collaboration, and alignment of interests. For more information, please visit

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