Cresset Partners and Diversified Real Estate Capital establish partnership

Cresset Partners and Diversified Real Estate Capital have announced the formation of a partnership of their real estate groups, expanding Cresset’s real estate investment platform.

The partnership formalizes and builds upon the existing relationship between Cresset and Diversified, which has successfully sourced, structured, capitalized and executed on $1.6 billion in real estate projects since 2019. Together, Cresset and Diversified currently have 13 conservatively financed buildings under development nationally.

The combined entity, which is called Cresset Real Estate Partners, will target institutional-quality investment opportunities in a variety of asset types, including multifamily, office, industrial and hospitality. It will source and execute on investments directly or work with top-tier operating partners to bring unique investments to clients.

Cresset and Diversified initially partnered in 2018, successfully launching the Cresset Diversified QOZ