HOUSTON – (Realty News Report) – Crow Holdings, a Dallas-based real estate investment firm, and Mubadala Investment Company, the Abu Dhabi sovereign investor, have formed a joint venture to develop industrial properties across the United States.
“This joint venture is a significant step for both Crow Holdings and Mubadala,” said Michael Levy, Chief Executive Officer of Crow Holdings. “We welcome a leading global investor as we expand our exposure to the industrial sector and capture long-term growth in logistics demand. We are accelerating our market-leading presence in the industrial space by developing and acquiring state-of-the-art facilities through a range of strategies, from merchant-build projects to long-term build-to-core portfolio construction. Over the years we have grown and diversified our base of investment partners, which includes sovereign wealth funds, public pension plans, insurance companies, registered investment advisors, and investment management platforms.”
Headquartered in Abu Dhabi, Mubadala operates offices in major international markets including London, Rio de Janeiro, Moscow, New York, San Francisco, and Beijing.
Khaled Abdulla Al Qubaisi, Chief Executive Officer of Real Estate & Infrastructure Investments at Mubadala, commented, “Crow Holdings’ proven track record as a developer and investor complements our objective to expand industrial holdings and benefit from strong growth in U.S. logistics demand.”
With roots in the business legacy of Trammell Crow’s organization, Crow Holdings traces more than seven decades of activity in real estate and now manages approximately $21 billion in assets.
Crow Holdings has developed multiple industrial properties throughout Texas, including the Victory Commerce Center, a 349,050-square-foot distribution building in Deer Park on Houston’s southeast side.
Aug 31, 2021 Realty News Report. Copyright 2021.
Photo: Courtesy Colliers
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File: $1 Billion in Construction Coming from Crow Holdings, Mubadala JV