Dallas — Crow Holdings, through its investment management business Crow Holdings Capital (CHC), has announced a joint venture with an undisclosed global institutional investor focused on retail investment. The $2.6 billion partnership will expand Dallas-based CHC’s investment strategy of acquiring small-format, convenience-oriented open-air shopping centers and was formed through a recapitalization of a $1.8 billion, 173-property portfolio owned by two real estate funds managed by CHC. The platform’s portfolio includes properties located in more than 50 cities across more than 30 states. “We have an incredible opportunity to continue to aggregate high-quality but non-institutional-scale assets and unlock their growth potential,” says Sam Peck, managing director of CHC.
Crow Holdings Forms $2.6 Billion Joint Venture Targeting Shopping Center Investment