Wednesday, January 23, 2019

Crow Holdings Picks Up 353-Unit Apartment Complex in Suburban Philadelphia

Crow Holdings, a full service investment firm headquartered in Dallas, purchased a 352-unit apartment complex in Chadds Ford, Pennsylvania, from Sentinel Real Estate Corporation. Valleybrook at Chadds Ford sold for $74.5 million, or about $212,000 per unit.

The garden-style complex at 7000 Johnson Farm Lane comprises one-, two- and three-bedroom units ranging from 590 to 1,425 square feet in five, four-story buildings. Built in 2002, the 4-Star property spans 13 acres less than 17 miles from Philadelphia International Airport.

Since 1998, Crow Holdings Capital–Real Estate and CHC-affiliated entities have managed six funds with equity capital totaling approximately $4.1 billion, with which nearly $13 billion in assets have been acquired or developed, according to its website.

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