Crescent Communities, Heitman announce JV partnership under Crescent’s HARMON Portfolio with $235M initial investment in projects across NC, TX, TN and AZ

5/2/2024

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IREI

• Subcategory: Capital Markets: Equity, MF: BTR, MF: Market Rate

• Tag: Investment | JV-Partnership

• Additional Filters-Subcategory: Capital Markets: Equity-Investment, MF: BTR-SFR, MF: BTR-Townhome, MF: Garden

• Company: Crescent Communities, Heitman

Crescent Communities, Heitman, and a state pension fund separate account have formed 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.