Crescent Communities and Heitman have formed a second joint venture to invest in Crescent Communities’ single-family build-to-rent platform across key strategic growth markets. This second venture will begin with an initial commitment of $240 million, with the ability to expand up to $340 million, and will fund approximately six communities across attractive Sunbelt and emerging growth states.
The announcement follows the success of the first joint venture between Crescent Communities and Heitman, which launched in 2024 with an initial $235 million commitment, later expanded to $345 million. The first venture invested in six HARMON communities across Arizona, Florida, Georgia, North Carolina, Tennessee and Texas, including HARMON Ascend (Phoenix), HARMON Ashton Oaks (Tampa), HARMON Cedar Run (Atlanta), HARMON Jefferson Village (Greensboro), HARMON Melissa (Dallas), and HARMON West Meade (Nashville). Under the second venture, it is anticipated that new investments will be ma
