Crow Holdings has announced the final close of its tenth value-add real estate fund with $3.1 billion of commitments. In addition to investments in the primary fund, Crow secured co-invest agreements totaling nearly $600 million in equity capital, for a total of $3.7 billion in equity for the strategy.
The fund will invest in value-add real estate assets across the US, primarily in industrial and multifamily, as well as in specialty sector opportunities, including manufactured housing, convenience retail, self-storage, and student housing. More than 25% of Fund X's capital to date has been committed across 14 investments.
Fund X marks the firm's largest fundraise to-date and is a nearly 35% increase from the $2.3 billion of commitments raised for the predecessor Fund IX.
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