Crow Holdings has completed the final closing of its Crow Holdings Development Opportunities Fund I (DOF) at $750 million.
The fund attracted strong support from new and existing investment partners, including more than $200 million from private wealth sources.
DOF is an extension of the strategy that supports the firm’s Crow Holdings Realty Partners IX, which held its final close in September 2021 and was oversubscribed with $2.3 billion of commitments. DOF will focus on the development of industrial, multifamily and select specialty properties.
Given the current level of opportunity in the market for industrial and multifamily development, Crow Holdings said DOF is substantially committed based on approved pipeline.
“The continued opportunity in the U.S. logistics and housing sectors is unprecedented in my 30-plus-year career,” said Bob McClain, CEO of Crow Holdings Capital. “We maintain high conviction in these sectors and anticipate attractive