Crow Holdings is doubling down on its commitment to retail with the creation of a $2.6B joint venture and investment platform aimed at acquiring shopping centers.
The investment vehicle was formed through the recapitalization of a $1.8B, 173-property portfolio owned by two real estate funds managed by Crow Holdings Capital, according to a news release. The partnership with an undisclosed global institutional investor will allow Crow to pick up small-format centers in more than 50 primary and secondary markets across 30 states.