Crescent Communities

Crescent Communities and Heitman Announce Joint Venture Partnership Under Crescent's HARMON Portfolio

Retrieved on: 
Wednesday, May 1, 2024
Crescent, Crescent Communities, Partnership, Water, Environment, Sumitomo Forestry, Privacy, Heitman, Friction, Growth

CHARLOTTE, N.C. and CHICAGO, May 1, 2024 /PRNewswire/ -- Crescent Communities, Heitman, and a state pension fund separate account today announced the formation of a joint venture to invest in the HARMON by Crescent Communities single-family build-to-rent platform across 14 key strategic growth markets, with a $235 million initial investment in projects across North Carolina, Texas, Tennessee and Arizona, set to begin construction this spring.

Key Points: 
  • Together, Crescent Communities and Heitman will leverage their collective experience and track records across industry sectors to establish new and support existing communities of differentiated, high-quality housing options in attractive sunbelt markets.
  • "This partnership further cements Crescent Communities as a leader in our field, implementing our vision of how rental communities should be designed, developed, and operated, and successfully – and consistently – delivering high-quality communities."
  • We believe that the HARMON product line and the locations that Crescent Communities is targeting are well suited to meet this demand."
  • Crescent's diverse multifamily portfolio, combined with its longstanding relationships with contractors and homebuilders in addition to the Sumitomo Forestry homebuilder collection, will amplify opportunities to drive rapid growth and expansion for the HARMON by Crescent Communities business line.

Crescent Communities Announces the Sale of Two Communities to TA Realty

Retrieved on: 
Thursday, October 19, 2023
Sun Belt, National Green Building Standard, Sale, Fruit, LEED, Food, Carriage house, Architecture, Tennessee Heritage Protection Act, Senior, Nature, Growth, Crescent Communities, CARY, Partnership, TA, Triangle, WELL, Hotel

CARY, N.C. and NASHVILLE, Tenn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Crescent Communities is pleased to announce the sale of NOVEL Harpeth Heights and NOVEL Cary to TA Realty .

Key Points: 
  • CARY, N.C. and NASHVILLE, Tenn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Crescent Communities is pleased to announce the sale of NOVEL Harpeth Heights and NOVEL Cary to TA Realty .
  • Constructed in partnership with Pearl Street Partners , NOVEL Harpeth Heights marks the seventh multifamily community Crescent Communities has developed to date in the Nashville market, while NOVEL Cary marks the fifth multifamily community Crescent Communities has developed to date in the Triangle market.
  • “Since opening earlier this year, we’ve watched both communities provide tailored living experiences for our residents by embodying their distinctive and unique visions.
  • The sales come as Crescent Communities continues to look forward to more opportunities to grow its presence in the Nashville and the Raleigh / Triangle markets.

McShane Adds to Nashville Multi-family Portfolio with Completion of NOVEL Harpeth Heights

Retrieved on: 
Monday, October 9, 2023
Multimedia, Senior, Tennessee Heritage Protection Act, Massage, Samsung, Crescent Communities, History, McShane, Hotel

NASHVILLE, Tenn. , Oct. 9, 2023 /PRNewswire-PRWeb/ -- Construction is completed at NOVEL Harpeth Heights in Nashville, Tennessee. McShane Construction Company built the 322-unit multi-family community on behalf of repeat client Crescent Communities and their partner, Pearl Street Partners.

Key Points: 
  • NASHVILLE, Tenn. , Oct. 9, 2023 /PRNewswire-PRWeb/ -- Construction is completed at NOVEL Harpeth Heights in Nashville, Tennessee.
  • NOVEL Harpeth Heights is a beautiful development that offers resort-style amenities in a peaceful setting just 15 minutes from Downtown."
  • "We're pleased to add another successful multi-family project to our Nashville portfolio," commented Scott Hoppa, Senior Vice President & Regional Manager at McShane.
  • "NOVEL Harpeth Heights is a beautiful development that offers resort-style amenities in a peaceful setting just 15 minutes from Downtown."

Greenberg Traurig Sponsors 2nd Annual Emory Real Estate Conference

Retrieved on: 
Friday, April 21, 2023
GID, Crescent Communities, Rockefeller Group, Greenberg Traurig, CIM, Weapons in Star Trek, Equity, Management, Ardent

ATLANTA, April 20, 2023 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP sponsored the 2nd Annual Emory Real Estate Conference April 14 at the Whitley Hotel in Atlanta's Buckhead district. The full-day event was hosted by Emory University and the Goizueta Real Estate Group, the Goizueta Business School's real estate club for undergraduate and graduate students.

Key Points: 
  • The Ardent Companies, a long-time Greenberg Traurig client, also was a sponsor of the event, which included conversations with real estate professionals on current market challenges surrounding geopolitical issues and interest rate hikes.
  • Matt Shulman, CEO and managing partner of Ardent, was a featured speaker.
  • Additionally, the conference included a fireside chat between Dean Adler, CEO and co-founder of Lubert-Adler Partners, and Roy Hilton March, CEO of Eastdil Secured, followed by a panel titled "Investment Sentiment in a Changing Macro Environment."
  • Leaders from top real estate companies, including Rockefeller Group and Equity Office, were on the panel.

Crescent Communities Hosts Ceremonial Groundbreaking for The River District

Retrieved on: 
Thursday, March 30, 2023
Crescent Communities, Charlotte Douglas International Airport, National Green Building Standard, Partnership, Housing, WELL, LEED, Imlay and Laurel Streets District, Economy, Mayo River State Park (North Carolina), Neighborhoods of Richmond, Virginia, Catawba River, Carbon, River, City, Douglas International Airport, Restaurant, Water, Economic development, Community, Growth, Commercial, Health, Environment, Commercial property, Renewable energy, Property management

CHARLOTTE, N.C., March 30, 2023 (GLOBE NEWSWIRE) --  Nationally recognized Crescent Communities celebrated yesterday the groundbreaking celebration for what will be Charlotte’s most transformative master-planned development in over 20 years: The River District .

Key Points: 
  • CHARLOTTE, N.C., March 30, 2023 (GLOBE NEWSWIRE) --  Nationally recognized Crescent Communities celebrated yesterday the groundbreaking celebration for what will be Charlotte’s most transformative master-planned development in over 20 years: The River District .
  • The groundbreaking ceremony took place on Wednesday, March 29, and commemorated key construction milestones with representatives from Crescent Communities, the City of Charlotte and the State of North Carolina.
  • Crescent Communities is proud to donate land to Laurel Street to achieve a diverse mix of housing and incomes and foster an inclusive community throughout The River District.
  • Partners for The River District include 505 Design, LandDesign, Thrift Commercial Real Estate Services and Blythe Construction.

Crescent Communities Announces Life Science Brand, THE YIELD, Celebrates Key Milestones at North Carolina Project

Retrieved on: 
Tuesday, January 24, 2023
National Green Building Standard, Tenant, WELL, Quality of life, CGMP, LEED, News, Commercial, Partnership, SF, Nuveen, Growth, Crescent Communities, Fine chemical, CSL Limited, Crescent

CHARLOTTE, N.C., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, today announces the launch of its life science brand, THE YIELD. Dedicated to building highly amenitized, purposefully designed campuses for the life science industry, THE YIELD provides bio-manufacturing and lab space in markets offering strong access to life science talent, great quality of life, and a welcoming business environment.

Key Points: 
  • CHARLOTTE, N.C., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities, today announces the launch of its life science brand, THE YIELD.
  • “We see THE YIELD as an opportunity to inject Crescent Communities’ commercial experience into an industry with substantial demand and opportunity,” said Brendan Pierce, President of Commercial at Crescent Communities.
  • Crescent Communities’ second life science campus THE YIELD Holly Springs Phase 2 is a partnership between Crescent Communities and Nuveen.
  • December 2022 also marked the land close of Crescent Communities’ third life sciences campus, THE YIELD North.

HARMON Five Points Leasing Soon

Retrieved on: 
Thursday, January 19, 2023
Symphonia: sum fluxae pretium spei, Atlantic Union Bank, Housing, National Green Building Standard, SMART, Crescent Communities, Senior, Health, Point, Water, BTR, Walking, Interior, PETS, Investment, Population growth, Property management, Uptown

CHARLOTTE, N.C. and NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Crescent Communities and Pretium are pleased to announce leasing will begin soon at HARMON Five Points, the fourth build-to-rent (BTR) community under development, and the second in Charlotte, as part of their previously announced joint venture. The community is comprised of 76 BTR homes with accompanying shared amenities. Progress Residential, Pretium's single-family rental management services platform, is providing the leasing and property management services.

Key Points: 
  • CHARLOTTE, N.C. and NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Crescent Communities and Pretium are pleased to announce leasing will begin soon at HARMON Five Points , the fourth build-to-rent (BTR) community under development, and the second in Charlotte, as part of their previously announced joint venture.
  • HARMON Five Points offers residents the option to rent three-story townhomes with three bedrooms, three and a half baths, outdoor balconies, private garages, and driveways.
  • HARMON Five Points is located two miles from Uptown and is walking distance from the Gold Line Streetcar.
  • Imagery of HARMON Five Points is available here and floorplans can be found here .

CORTLAND HIRES JARED FORD AS PRESIDENT OF CONSTRUCTION AND DESIGN

Retrieved on: 
Tuesday, January 10, 2023
Partnership, Ford Motor Company, Construction, Crescent Communities, Acquisition, Growth, Investment, TDC, Senior, Commercial property, Management, Harriet Dinerstein

Ford reports to Cortland's CEO, Steven DeFrancis, and will lead a cohesive strategy for two of the award-winning multifamily company's divisions, Cortland Build and Cortland Design.

Key Points: 
  • Ford reports to Cortland's CEO, Steven DeFrancis, and will lead a cohesive strategy for two of the award-winning multifamily company's divisions, Cortland Build and Cortland Design.
  • He will be responsible for executing acquisition renovations, ground-up development construction, capital expenditure projects, and design services across Cortland's portfolio of more than 250 communities.
  • Ford will work in partnership with Cortland investment and development platforms as well as its operations and facilities departments.
  • Before Dinerstein, Ford was the Senior Vice President for Crescent Communities where he oversaw the execution of development, design, and construction operations across all its multifamily investments nationwide.

One Independence Center Welcomes The Bank of London to Charlotte

Retrieved on: 
Monday, August 8, 2022
City, Queen City, Bank, Industry, GLOBE, Center, Growth, Environment, History, Nuveen, JLL, Partnership, 20 Bank Street (London), Real estate, Wachovia, CBD, Financial Conduct Authority, Wells Fargo, Heart, Fair, Interior design, Financial services, Trade, Crescent Communities

CHARLOTTE, N.C., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Crescent Communities is thrilled to announce The Bank of London has located its US Global Platform & Services headquarters at One Independence Center.

Key Points: 
  • CHARLOTTE, N.C., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Crescent Communities is thrilled to announce The Bank of London has located its US Global Platform & Services headquarters at One Independence Center.
  • We are excited to welcome The Bank of London to One Independence Center as the company expands its US footprint, said Brendan Pierce, President Commercial at Crescent Communities.
  • With The Bank of London building its US Center of Excellence in Charlotte, we continue to demonstrate that Charlotte is the epicenter of where finance and technology converge, said Mayor Vi Lyles.
  • About The Bank of London:
    The Bank of London launched 30th November 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years.

THE BANK OF LONDON ANNOUNCES A MULTIMILLION DOLLAR INVESTMENT IN CHARLOTTE AND THE CREATION OF 350 NEW JOBS

Retrieved on: 
Monday, August 8, 2022
Bank of England, Prudential Regulation Authority, Queen City, Risk, Bank, Prudential regulation, Ecosystem, Technology, History, Compliance, Instagram, Twitter, Central Bank of London Ltd., Wachovia, Intention, Financial Conduct Authority, Wells Fargo, Crescent Communities, Financial services, Central business district

The opening of the Bank's US Global Platform and Services division in Charlotte brings access to a strong and deep new talent pool.

Key Points: 
  • The opening of the Bank's US Global Platform and Services division in Charlotte brings access to a strong and deep new talent pool.
  • I spent some of the happiest years of my working life in Charlotte when employed by Wachovia Bank (now Wells Fargo).
  • The Bank of London launched 30thNovember 2021 as the sixth principal clearing bank of the United Kingdom, and only the second clearing bank in 250 years.
  • The Bank of London is a leading-edge technology company and the world's first purpose-built global clearing, agency, and transaction bank.