US investment firm Crow Holdings Capital Partners has closed its Crow Holdings Realty Partners Fund VI on $1.067bn, exceeding its initial target of $750m.
Consistent with CHCP’s prior funds, Fund VI will pursue a “disciplined” investment strategy, the firm said, focused on acquiring a portfolio of assets that generate current income and benefit from capital appreciation. It will seek to invest in industrial, retail, office, multi-family, convenience & gas stores, hotel, medical and land assets.
Bob McClain, head of real estate at CHC, said, “Our success over the years derives from our real estate professionals’ fundamental approach to – and deep understanding of – real estate value creation. The successful closing of Fund VI affirms this approach, and we are delighted by the enthusiastic reception from existing and new partners alike.”
Since inception in 1998, Dallas-based CHCP has managed six private equity real estate funds totalling approximately $4.1bn, approximately $675m of which has been committed by the firm itself.
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