Michael Levy Appointed Chief Executive Officer Of Crow Holdings

DALLAS, Nov. 16, 2017 /PRNewswire/ -- Crow Holdings today announced that Michael Levy has been appointed Chief Executive Officer.  Mr. Levy succeeds Harlan Crow, whose nearly 30-year tenure culminates with the recognition of Crow Holdings as one of the nation's foremost investment and real estate development firms.  Mr. Levy joined the Company's senior leadership team in 2016 after serving as COO for Morgan Stanley Investment Management.  He previously held positions at Morgan Stanley including Head of Traditional Asset Management, COO and CFO of Real Estate Investing and Co-Head of U.S. Real Estate Investment Banking.

As part of this transition and Crow Holdings' long-term strategic vision and succession planning, Mr. Crow will continue as Chairman of the Board.  In addition, Anne Raymond has been appointed to the Company's Board, transitioning from her current roles as President of Crow Holdings Capital and Managing Director of Crow Family Holdings.  Both Mr. Crow and Ms. Raymond will continue to provide overall leadership and strategic focus to the Company.

Mr. Crow commented, "For me and my family, Crow Holdings constitutes a major part of our lives.  The Company means a lot more to us than a simple business enterprise – it is a fundamental part of who we are both personally and professionally.  The process of seeking and finding succeeding leadership has transcending importance and I am confident that in Michael Levy, we have hit the trifecta of integrity, intelligence and leadership.  Michael steps into a solid foundation that I expect, when combined with his considerable combination of skills, will produce significant and exciting outcomes. Importantly, he has already embraced our organization and the culture of partnership and sharing that my father initiated nearly 70 years ago."

Mr. Crow continued, "The successes of the firm during these past years are in very large part attributable to Anne Raymond.  Her huge heart combined with her business skills in the financial arena have been indispensable for the success we enjoy today.  I am delighted that she is now joining our Board leadership team."

Mr. Levy added, "This past year has affirmed both my excitement to be a part of the Crow Holdings platform and my conviction about its unique capabilities and enduring business relationships. I am particularly thrilled to join our talented and committed professionals in building on Harlan's vision to help shape the future of this firm.  Our collaboration with each other and our investors will continue to serve as the foundation for generating thoughtful, innovative ideas and for executing on compelling opportunities for our business.  I want to express my gratitude to Harlan, Anne and the rest of the management team and the broader organization for their support and encouragement as I undertake my new responsibilities."

ABOUT CROW HOLDINGS

Crow Holdings is a nationally focused real estate investor, developer and owner with over six decades of continuous operating history.  As a value-add investor, Crow Holdings Capital pursues real estate investments across all sectors in a range of defined fund strategies.  Trammell Crow Residential and Crow Holdings Industrial identify and complete real estate development projects in major markets throughout the country.  The Company's approach to building longstanding industry partnerships extends to a global multi-asset investment platform that complements and informs the firm's core businesses.  The Company also owns a portfolio of signature properties, including its Dallas headquarters at Old Parkland.

MEDIA CONTACTS:
Mr. Jonathan Morgan
Perry Street Communications
(O) 214-965-9955
(M) 212-333-5525
[email protected]

Ms. Alex Hinson
Perry Street Communications
(O) 214-965-9955
(M) 214-934-5910
[email protected]

SOURCE Crow Holdings