Crow Holdings Secures $380.2 Million Refinance For 1,549-Unit Multifamily Portfolio

Crow Holdings has secured a refinancing loan of $380.2 million for a multifamily portfolio that consists of 1,549 units located across five Alexan communities situated in Texas, Colorado, and Virginia. The portfolio encompasses properties developed between 2019 and 2023 by Trammell Crow Residential and Crow Holdings. The involved addresses include 5619 Belmont Avenue, 10801 North Mopac Expy, 700 East 11th Street, 400 West 38th Avenue, and 400 Wythe Street.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $380,200,000
• Lender: AllianceBernstein
• Landlord: Michael Levy - Crow Holdings
• Brokers: Andy Scott, Michael Cosby, Kris Lowe, Tom Burns & Bo Beidleman - CBRE
• Units: 1,549
• Market: Texas, Colorado & Virginia
• Loan Type: Refinance

The refinancing was arranged by CBRE, with brokers Andy Scott, Michael Cosby, Kris Lowe, Tom Burns, and Bo Beidleman playing significant roles in facilitating the deal. This transaction underscores the collaborative effort of Crow Holdings and AllianceBernstein, showcasing a strategic financial maneuver within the multifamily asset sector.