CB Richard Ellis To Advise Crow on Sale

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Crow Holdings, which oversees investments for the Trammell Crow family, has hired Los Angeles-based CB Richard Ellis Group Inc. and another firm to advise it on selling around $3 billion in properties.


Crow Holdings may sell its Fund III, a U.S. portfolio of retail properties, hotels, apartment buildings, industrial sites and other real estate, to capitalize on a rise in building and land values, according to the newsletter Real Estate Alert. Crow had planned to hold each of the properties for seven to 10 years until financial advisers recommended a sale, saying investors would be attracted to the portfolio’s diversity, Crow General Counsel Kevin Bryant told Bloomberg News.


In addition to Richard Ellis, Dallas-based Crow Holdings also hired Dallas-based Holliday Fenoglio Fowler to advise it on options for Fund III, which could include a new capital structure, joint ventures or a sale.


Fund III’s holdings include sites in California, Oregon, Utah, Colorado, Texas, Missouri, Florida, Maryland, South Carolina and other U.S. states.

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