Crow Holdings Announces Strategic Joint Venture with Abu Dhabi-Based Mubadala to Develop Industrial Properties Across the U.S. | Business

By Editor On Aug 31, 2021

DALLAS, Texas – (BUSINESS WIRE) – Dec. August 2021–

Crow Holdings, a national real estate investment and development company, and Mubadala Investment Company, the Abu Dhabi-based state investor, have announced a joint venture partnership to develop new Class A industrial real estate in key markets in the US $ 1 billion – dollars in development opportunities targeting a range of institutional industrial markets. The company with Mubadala underscores Crow Holdings’ continued focus on offering global investors a wide range of innovative solutions to help them meet their long-term investment goals.

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“This is an important joint venture for both Crow Holdings and Mubadala and we look forward to partnering with this leading global investor to increase its exposure to the industrial sector and benefit from long-term growth in logistics demand,” said Michael Levy. Chief Executive Officer of Crow Holdings. “We are expanding our market-leading presence in the industrial space by developing or acquiring state-of-the-art real estate using a range of strategies, from merchant build to long-term build-to-core portfolio construction. We have been incredibly fortunate to be able to expand and diversify our investment partners, which include sovereign wealth funds, public pension funds, insurance companies, registered investment advisors and investment management platforms. “

Khaled Abdulla Al Qubaisi, CEO of Real Estate & Infrastructure Investments at Mubadala, said, “We pride ourselves on working with world class partners and this joint venture with Crow Holdings is no exception. Crow Holdings’ strong track record and history as a real estate developer and investor complements our ambitions to expand our industrial engagement and capitalize on the rapid growth in US logistics demand. “

About Crow Holdings

Crow Holdings is a leading national real estate investment and development company with 70 years of operations and $ 21 billion in assets under management. With a strong track record across property types and market cycles, Crow Holdings pursues unique investment opportunities through a range of strategies and risk-return profiles, creating value for its investors, partners and communities. Operating out of 17 offices in the United States, Crow Holdings has extensive industry reach with expertise in multi-family, industrial, office and specialty sectors and has developed or acquired more than 225 million square feet. More information is available at www.crowholdings.com.

About Mubadala Investment Company

Mubadala Investment Company is a government investor managing a global portfolio aimed at generating sustainable financial returns for the Abu Dhabi government.

Mubadala’s $ 243.4 billion (AED 894 billion) portfolio spans six continents with holdings in multiple sectors and asset classes. We use our extensive industry know-how and long-term partnerships to achieve sustainable growth and profit while at the same time supporting the further diversification and global integration of the economy of the United Arab Emirates.

Mubadala’s Real Estate Investments team pursues direct investments with like-minded institutional partners. We invest across the capital stack and prioritize diversification by geography, property type and investment style to ensure the right balance between cash return and total return in our portfolio.

Mubadala is headquartered in Abu Dhabi and has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.

More information about the Mubadala Investment Company can be found at: www.mubadala.com

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CONTACT: Bill Mendel

Mendel communication

212-397-1030

bill@mendelcommunications.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

SECTOR KEYWORD: COMMERCIAL & REAL ESTATE & REAL ESTATE RIDING

SOURCE: Crow Holdings

PUB: 8/31/2021 8:00 AM / DISC: 8/31/2021 8:02 AM

http://www.businesswire.com/news/home/20210831005334/en

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