Crow Holdings, a leading national real estate investment and development firm, announced today the closing of Crow Holdings Industrial Properties Trust (“CHIPT”). Managed by Crow Holdings’ investment management company, Crow Holdings Capital, and drawing on the experience and reach of the firm’s industrial development team, CHIPT was formed to pursue the development and acquisition of Class A industrial properties in key logistics markets across the U.S. With strong support from wealth advisory and family office platforms, the trust closed with over $600 million of equity commitments that can provide for more than $1.5 billion of total project-level investment including anticipated leverage.
CHIPT seeks to capitalize on the favorable market dynamics and unprecedented tailwinds in the industrial and logistics sector, with a curated portfolio of industrial properties that meet the needs of today’s modern logistics users. The company’s national platform includes seven regional offices in integral U.S. logistics markets, providing efficient access to transportation infrastructure and population centers. Local teams bring deep expertise to every project, including site acquisition, entitlements and planning, permitting, construction, and leasing activities.
“As one of the most active industrial investment and development platforms over the past decade, we are uniquely positioned to take advantage of the continuing secular trends benefitting logistics real estate, including: the accelerated and sustained consumer adoption of e-commerce, the increasing importance of supply chain management, and the increased focus on manufacturing in the U.S. This sustained demand has resulted in record-low vacancy rates and record-high rental levels,” said Michael Levy, CEO of Crow Holdings. “We expect there to be continued opportunities in this sector, and the companies that have the experience, relationship network, and on-the-ground presence in key markets are best positioned to take advantage of those opportunities.”
CHIPT is constructing a diverse portfolio of modern logistics properties developed for today’s customer requirements. The investment strategy is principally focused on the top logistics markets in the country that provide key infrastructure nodes or act as regional distribution hubs – those with proximity to seaports, airports, rail lines, highway interchanges, and other hubs of logistics activity. The platform is already well ahead of investment plan, having closed on several investments predominantly in the New Jersey-Pennsylvania, Dallas-Fort Worth, Atlanta, and Southern California markets.
In 1948, Crow Holdings’ founder Trammell Crow began his real estate career building and leasing his first warehouse in Dallas, Texas. Today Crow Holdings Development is one of the nation’s largest industrial developers in the country, building state-of-the-art logistics spaces in top distribution submarkets with access to major roadways, rail, and sea and air freight infrastructure.
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 www.crowholdings.com.