DALLAS, Nov. 28, 2016 /PRNewswire/ -- Crow Holdings Capital – Real Estate ("CHC-RE"), a Dallas-based asset manager of private equity real estate funds, announced today its progress and provided an investment focus on development, re-development and acquisitions of existing self-storage properties. Specifically, CHC-RE reported that, since commencing targeted investment activities in August 2015, it has completed investments in approximately 24 separate self-storage transactions across its national markets. CHC-RE's self-storage platform currently contains over 2 million square feet of space across 19,032 units.
Ben Doherty, Crow Holdings Capital's Head of Self-Storage investment strategies, commented, "We are very pleased with the rate at which we have been able to deploy capital within the self-storage space, a sector that—consistent with our thesis—has demonstrated a less volatile and cyclical quality in comparison to other asset classes while presenting attractive fundamentals moving ahead. By focusing on the event driven nature of self-storage, we look forward to working with industry and joint venture partners towards the larger goal of creating value through rental rate growth and capital appreciation."
CHC-RE's general self-storage investment strategy is to acquire newer vintage properties or form joint ventures to develop Class A storage properties. Specifically, CHC-RE is targeting well-located properties that provide an opportunity for operational improvement, expansion of the existing property, the repurposing of existing buildings, and development sites, where fundamentals warrant new product.
About Crow Holdings Capital – Real Estate:
Crow Holdings Capital – Real Estate ("CHC–RE") is a North America-focused asset manager of private equity real estate funds. Since 1998, Crow Holdings (the predecessor to CHC-RE) sponsored the first of ten private equity real estate funds, and CHC-RE is now the investment advisor to the remaining funds. Over the past 18 years, these funds have raised nearly $6.8 billion in equity commitments including approximately $875 million in equity commitments from Crow Family Holdings.
Crow Holdings Realty Partners VII, L.P. is the latest fund in the series with approximately $1.85 billion in equity commitments. The fund is currently in its four-year investment period and has closed approximately 80 investments as of November 1, 2016.
CHC–RE is managed and directed by an investment committee of seven members, who on average, have worked with CHC and CHC-affiliated entities for more than 23 years. The firm's breadth of experience investing through real estate cycles coupled with a strong alignment with its valued partners advise a cautious – but agile – strategy that includes acquisition, value creation, and development.
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SOURCE Crow Holdings Capital - Real Estate