CLIFF BREINING

Senior Managing Director

Tax and Partnerships

CLIFF BREINING

In his 30 years with TCR, Cliff has managed the acquisition, financing, and disposition of numerous apartments and condominiums, and has conducted overall administration of various divisions from Florida to California. Currently, he focuses on tax, accounting, and legal matters. Prior to joining TCR, Cliff was Chief Operating Officer with SES Beck & Associates, a shopping center developer. Cliff holds a B.A. degree in Accounting from Hofstra University and an M.B.A. degree in Corporate Finance from Adelphi University. Cliff works from an office Indian Wells, CA.

This overview is designed to introduce Crow Holdings and its various operating companies. Crow Holdings Capital is a U.S. SEC registered investment adviser and is the manager to the Crow Holdings Capital Funds. Maple Capital Management, L.L.C. is a U.S. SEC registered investment adviser and is the manager of the Crow Holdings Industrial Build-to-Hold Fund. Crow Holdings Capital, Trammell Crow Residential and Crow Holdings Industrial are operated separately and independently from one another with separate senior leadership and investment committees. SEC registration does not imply a certain level of skill or training.