Crow Holdings to develop multifamily housing for U.S. middle-income residents

Crow Holdings has established an initiative to develop attainable-housing communities across major U.S. markets and provide high-quality residential options for thousands of middle-class families across the country.

Crow Holdings’ multifamily development company, Trammell Crow Residential (TCR), is constructing class-A market-rate communities designed for renters who earn 80 percent to 120 percent of the Area Median Income (AMI) under the company’s Allora brand of apartment buildings. The simplified building design of Allora is efficient and cost-effective to construct while offering sought-after lifestyle amenities, large living spaces, and high-grade finishes. Allora communities are strategically located in the Southeast and Southwest, and will primarily be in suburban markets with high-population and job growth. After starting 2,400 Allora units in three states, Crow Holdings plans to develop a $1.5 billion portfolio of more than 8,000 additional Allora apartments acro