Crown Realty Partners has launched its fifth value-add fund, Crown Realty V Limited Partnership (CR V) and completed its first closing with $140 million of commitments from both institutional groups and family offices. The fund expects to complete its final closing later this year.
Consistent with the value-add philosophy of its predecessor funds, Fund V will focus on commercial real estate assets with value-enhancement opportunities located within Canada’s primary office markets, especially the Greater Toronto Area and the Greater Ottawa Area.
“We are privileged to have the continued confidence of our long-term investors and are excited to work diligently to provide enhanced returns and value to our investors as a responsible fiduciary of their capital,” said Emily Hanna, partner, investments for Crown.
Les Miller, managing partner added, “Despite how pleased we are to announce the initial closing of Fund V, we recognize the disruption and hardship the
