Listen to the Land
What if the land brought people together? At Oakland Park that is exactly what’s happening. From residents to planners, they agree that a development can successfully meet the needs of both its people and the land.
For over half a century, Crescent Communities has helped define moments that matter for everyone that lives, works and plays at our properties. Our mission is to create residential, commercial, multi-family and land developments that cultivate communities with lasting legacies.
We are based out of Charlotte, NC and our developments cross-cities and resort towns across the South. As our assets exceed $1 billion, including 70,000 acres of land, we continue to stay focused on developing the most innovative places for today’s market. Our work goes beyond groundbreaking developments – we seek to instill the spirit of community into everything we do.
For almost half a century, we have been dedicated to creating communities that are designed to prosper. Our company has grown each year because our developments have grown with us.
Explore our timeline to learn more about our heritage.
We are inspired every day to cultivate communities and improve the lives of others, and this pursuit drives everything we do. Our legacy for our colleagues, investors, partners and customers will be our dedication to making moments that matter for the people that give us so much every day.
We are explorers, seeking information and perspectives that help us consistently generate insight into our customers and our marketplace. We are thoughtful, always asking why and rigorously seeking creative solutions to complex challenges.
Do What’s Right
We act with unwavering integrity, treating our people, partners, and places we are involved with as we would want to be treated. We are stewards of our relationships, our communities and the land.
We challenge assumptions, embrace risk and act with conviction in order to deliver “what’s next” in everything we do.
For our organization, colleagues, customers, and partners, we are relentless in our pursuit of exceptional work, our search for growth and creating places with lasting value.
At Crescent, we approach every development as a chance to create the greatest place for its purpose. From amenity-rich resorts to efficiency-focused offices, we attempt to create exceptional environments that deliver what matters most to our consumers. Our projects go beyond brick and mortar to ensure their long-term success and sustainability. By paying close attention to the fine details for all four of our workstreams, we can work simultaneously and efficiently to create the best developments for the objectives at hand.
Learn more about our unique process below.
Our team of experienced professionals has led the industry through both strong markets and challenging times. Their perspective is enriched with an intimate knowledge of buildings, developments, towns and cities across the world. We combine big picture thinkers with experienced industry veterans to create a team with the ability to handle any challenge, and take advantage of opportunity. The collaboration between the company’s diverse areas of expertise ensures the best ideas and solutions for each particular location and market.
We strive to incorporate sustainability into every project, to make difficult decisions that address current and future challenges, and to improve continuously. Through ongoing measurement, we hold ourselves accountable to challenging goals in traditional areas of environmental sustainability and in community building, health, and happiness. Our ultimate goal is to ensure that the land and communities under our stewardship remain vibrant. We seek to leave behind legacies whose value builds with time.
There is only so much of a sustainability journey that can be told with words. Words mean very little without the actions to back them up. We will continue to gather our data and “story” in a traditional sense over the coming months and years. For now, we invite you to explore some of our favorite conversations around sustainability. We hope others will join in.
Crescent Communities’ many developments are only possible with the help of our financial sponsors. We are owned by two global investment management funds that have collective assets under management of nearly $25 billion. Similarly to how we approach real estate, these funds focus on investments that have strong assets with long-term growth prospects. Learn more about our sponsors below.
Anchorage Capital Group, LLC
Anchorage Capital Group, LLC is a private investment firm that is able to invest across capital structure in both liquid and illiquid situations with a focus on special situations. They invest in opportunities with a view towards enhancing value as an active investor through recapitalization, restructuring, growth capital infusion and operational improvement. While managing $17.5 billion in assets, they own interests in regional builders California Coastal Communities and Orleans Homes, as well as private land management and development company Newhall Land.
MatlinPatterson Global Opportunties Partners III L.P.
MatlinPatterson is a leading global alternative asset manager with a focus on distressed and other credit opportunities, managing $7 billion of assets across a range of credit strategies, as of June 30, 2014. Their illiquid strategies are characterized by control or active participation in the restructuring of distressed companies. An entity managed by MatlinPatterson is the controlling shareholder of Standard Pacific Corp., one of the nation’s largest homebuilders.
The business and affairs of the Company are directed, managed and controlled by our Board of Managers, which currently consists of the following seven people:
Daniel C. Van Epp, Non-Executive Chairman of Board of Managers - Mr. Van Epp has served as Non-Executive Chairman of Holdings’ Board of Managers since January 2012 and, from September to December 2011, was our interim Chief Executive Officer. Mr. Van Epp also is Executive Vice President, Capital Markets and Acquisitions and Chief Investment Officer of Newland Real Estate Group, LLC, a diversified real estate management and development company specializing in MPCs. In those roles, he provides strategic and operational consultation to the Chairman of Newland, while also leading the company’s efforts in capital markets and acquisitions. Mr. Van Epp previously served as Chief Operating Officer of Newland and President of its Mountain Region beginning in 2005. Mr. Van Epp has more than three decades of experience in real estate entity management and leadership, most recently as owner of The Van Epp Companies, a Nevada company which provides consulting services in the real estate development arena. From 1995 until 2004, he was Senior Vice President of The Rouse Company and President of its affiliate, The Howard Hughes Corporation, where he was responsible for the planning, development and production of residential, retail and office projects totaling millions of square feet. While at the Hughes Corporation, he led the development of its flagship community, Summerlin, in Las Vegas. Mr. Van Epp holds a bachelor’s degree in building construction from Virginia Tech.
Gregory D. Ethridge, Member of Board of Managers - Mr. Ethridge is a Partner at MatlinPatterson Global Advisers LLC and joined the firm in January 2009. MatlinPatterson Global Advisers LLC is the investment manager of MatlinPatterson Global Opportunities Partners III L.P., one of our principal equity holders. Prior to joining MatlinPatterson Global Advisers LLC, Mr. Ethridge was a Principal in the Restructuring Group at Broadpoint Capital Inc. (subsequently renamed Gleacher & Company, Inc.), an investment banking firm. He started his career in crisis management at Conway, Del Genio, Gries & Co. in New York advising companies in Chapter 11. In 2001, he joined the Recapitalizaton and Restructuring Group at Jefferies & Company, Inc., where he executed corporate restructurings and leveraged finance transactions until 2005 when he joined Parallel Investment Partners LP (formerly part of Saunders, Karp and Megrue) as a principal investor executing recapitalizations, buyouts and growth capital investments in middle market companies. In 2006, he was one of two founding members of the New York corporate finance restructuring practice for Imperial Capital LLC. Mr. Ethridge graduated from the University of Texas at Austin where he received a bachelor’s degree in business administration and a master’s degree in accounting.
Soo Y. Kim, Member of Board of Managers - Since April 2009, Ms. Kim has been a senior member of the investment team of Anchorage Capital Group, L.L.C., where she is responsible for the real estate, building products and municipal bond investment sectors. Anchorage Capital Group, L.L.C. is the investment manager of Anchorage Capital Master Offshore, Ltd., one of our principal equity holders. Prior to joining Anchorage Capital Group, L.L.C. in 2009, Ms. Kim worked at Goldman Sachs, most recently as a Vice President in the Americas Special Situations Group where she was one of six industry heads responsible for the Group’s $3 billion public investment portfolio. Ms. Kim joined Goldman Sachs in 2001 into its Principal Investment Area and was a member of the investment team in the Distressed Debt Principal Investing Group where she invested in capital structure of large bankrupt or distressed companies in a broad range of industries. Ms. Kim received a bachelor’s degree in chemical engineering and management science from the Massachusetts Institute of Technology and a master’s degree in business administration from the Wharton School at the University of Pennsylvania.
Jon F. Weber, Member of Board of Managers - Mr. Weber has served as the Managing Director of the Portfolio Group at Anchorage Capital Group, L.L.C. since April 2010. Anchorage Capital Group, L.L.C. is the investment manager of Anchorage Capital Master Offshore, Ltd., one of our principal equity holders. From 2007 until 2011, he headed the Portfolio Operations Group within the Special Situations Group at Goldman Sachs, which was responsible for the operational oversight and value enhancement of portfolio companies in the Americas and Europe, the Middle East and Africa. Prior to joining Goldman Sachs, from 2003 to 2007, Mr. Weber was the senior finance and operations executive for Carl Icahn, where he was responsible for operational oversight of companies in which Mr. Icahn had a significant interest. In that capacity, Mr. Weber served as President of Icahn Enterprises, L.P., Chief Executive Officer of Philip Services Corporation and Viskase Companies, and as a board member of American Railcar Industries, National Energy Group, WestPoint International and XO Communications. Mr. Weber earned a bachelor’s degree and a master’s degree in business administration from Babson College and a juris doctor degree from Harvard Law School.
Thomas K. Sittema, Member of Board of Managers - Mr. Sittema is chief executive officer of CNL Financial Group, a leading private investment firm that provides global real estate and alternative investments. Sittema joined CNL in 2009 and assumed the CEO position in January of 2011. He leads a team that advises four real estate funds and a business development company. Since its inception in 1973, CNL Financial and its affiliates have formed or acquired companies with more than $26 billion in assets. Prior to joining CNL Financial, Mr. Sittema was managing director of real estate, gaming and lodging investment banking for Bank of America Merrill Lynch serving in numerous capacities, including sector head of REITS and lodging. Mr. Sittema led more than $20 billion in M&A transactions, $5 billion in equity offerings and more than $35 billion in debt transactions. Mr. Sittema’s career has also included real estate financing and management of the Dallas real estate office for Bank of America and its predecessors. In 2007, he was named one of the "Seven Investment Bankers Every Director Should Know" by Corporate Board Member Magazine. Mr. Sittema earned a bachelor’s degree in business administration at Dordt College and MBA in finance from Indiana University.
Todd W. Mansfield, Member of Board of Managers and President, Chief Executive Officer of Crescent Communities
Crescent treats every piece of land we own or acquire as an invitation to imagine and innovate. Our forward-thinking leadership team and land positions in key markets give us foresight into market needs and opportunities. Our several business units collaborate under one roof – residential; multifamily; commercial and retail; and land management. This teamwork maximizes our ability to creatively ideate solutions and leverage expertise. View the map of our developments.
Crescent Communities' residential communities have been recognized as some of the finest in the country. The company has developed more than 50 master-planned and resort communities in desirable locations in North Carolina, South Carolina, Florida, Georgia, Tennessee, Arizona and Texas. With community programming and amenities tailored to every lifestyle, our neighborhoods are thoughtfully planned to benefit the lives of residents and the greater community for years to come.
Since our expansion into the multifamily space, we have completed more than 15 signature communities, we have 14 currently under construction, and we are in the process of developing more. By focusing on what makes the greatest difference in our consumers’ lives, we are constantly creating new ways to help them connect within their neighborhoods. Each development offers programming and activities that help build community connection while also providing quality entertainment. We offer the tools to help our places prosper – our residents do the rest.
Currently, we have developments under construction in Nashville, Raleigh, Durham, Atlanta, Tampa, Orlando and Charlotte, with additional planning for future locations in Atlanta and Charlotte.
Crescent Communities has more than 20 million square feet of office, industrial and retail space in major cities across the Southeast, such as Charlotte, Nashville, Tampa, Orlando and Atlanta.
Grounded in meticulous attention to detail, our commercial projects lead the market in location, amenity offerings and service. This approach has attracted top tenants and corporate headquarters for organizations including Piedmont Natural Gas, Nissan Motor Company North America and the Environmental Protection Agency.
Our breadth of expertise allowed us to develop true mixed and multi-use communities almost two decades ago. Through our combined skills and in-depth knowledge of commercial, residential and multifamily developments, we are able to create spaces that have an unmatched sense of place. From hospitality and dining to retail and offices, our mixed and multi-use developments always strive for a harmonious mix of elements to create strong connections within and to the surrounding communities.
Crescent Communities owns and manages approximately 40,000 acres of land in North Carolina and South Carolina. We are focused on enhancing the value of this property by balancing land improvements with sound land management practices and environmental stewardship. Crescent markets select properties for sale to public entities, conservation groups, retail land buyers, developers and investors. Its land management practices are focused on the highest and best use for each tract. For more details on available land inventory and the Land Management Team, please visit www.CrescentLand.com
Customize your search options below to find your perfect tract.
Crescent Communities owns and manages approximately 60,000 acres of land in North Carolina and South Carolina. We are focused on enhancing the value of this property by balancing land improvements with sound land management practices and environmental stewardship. Crescent markets select properties for sale to public entities, conservation groups, retail land buyers, developers and investors. Its land management practices are focused on the highest and best use for each tract.
To create the most innovative, sustainable concepts for our customers, we stay informed of the ever-changing real estate trends and use them to continue looking ahead. We keep our communities knowledgeable of how these changes inform our decisions and impact the way they live and work – ultimately, recognizing the emerging needs of our customers is a high priority. Check in regularly for our market insights and other educational offerings.
What if the land brought people together? At Oakland Park that is exactly what’s happening. From residents to planners, they agree that a development can successfully meet the needs of both its people and the land.
It’s not just about buildings. The urban fabric that connects people and places is equally important. Well thought-out public spaces can create a sense of community, raise land values, and improve the health and longevity of our residents.
Lake Rhodhiss is one of the best kept secrets in the Carolinas. And now, through Crescent Land Management, a unique development opportunity exists for the 900 acre Decker Road Tract.
While building high-quality, sustainable residential spaces remains a priority, well-designed outdoor spaces allow our homes to connect as part of a functional, vibrant and sustainable community.
We won't lie. It takes a lot of work to deliver outstanding projects. That doesn't mean we can't have fun doing it. At Crescent, we strive to cultivate a creative workplace and apply lessons learned during "play" back into our work.
Sustainability is not optional for Crescent Communities. We constantly seek out new and unique ways to lessen the environment impact. Watch how.
We are explorers, seeking information and perspectives that help us consistently generate insight into our customers and our marketplace. See what our leaders have to say.
Sustainability lies at the heart of everything we do. For every new project, sustainable planning, building and development choices are
required in order to maintain our commitment to doing what’s right.
In the Spring of 2013, we gathered a group of thinkers and challenged them to change the Charlotte skyline. The outcomes from this three day session now serve as the foundation for our new code name development: Project Mercury.
We have restructured our approach and focused our combined efforts and innovative strategies on one simple commitment: to do what’s right. See how.
We are excited to share the latest news and information from Crescent Communities. Outside of our regular press releases, we aim to keep our partners and clients abreast of the stories that make our company so unique. For additional inquiries, please contact Heather Tamol with your questions.
Crescent does more than cultivate the communities it creates – we strive to focus on the relationships within our company, helping every member reach their fullest potential. Our employees are encouraged to expand their skills and make a positive impact on the company, as well as the community and people they serve. By maintaining a positive culture driven by results, our employees are excited to collaborate and innovate in a welcoming, friendly environment. Members of Crescent are not only driven to succeed – they are given the tools and encouragement to do so on a daily basis.
While no two jobs and no two days are the same at Crescent, employees are valued for their individual and collective contributions to achieving the company’s goals. Innovative ideas and practices from new teammates are welcomed by long-serving employees, providing Crescent with a well-grounded and fresh approach to all of its business practices. Our employees are rewarded with a lively and challenging work environment, a supportive and open-door structure, competitive compensation and a flexible benefits program that provides an array of options to meet our employees’ changing benefit needs.
Crescent Communities welcomes talented individuals who can deliver extraordinary results. We offer professional and personal growth in an environment that is rewarding, challenging and team-oriented. Careers at Crescent cross a variety of disciplines from finance, human resources and marketing to commercial, land management, multifamily and single-family residential development.
An equal opportunity employer, Crescent Communities treats each individual fairly without regard to race, color, gender, religion, age, national origin or disability in all employment decisions.
If you share our commitment to excellence and want to be part of a collaborative, forward-thinking team, please explore the job openings below.
While no two jobs and no two days are the same at Crescent Communities, colleagues are valued for their individual and collective contributions to achieving the company’s goals. Innovative ideas and practices from teammates are welcomed and seen as providing Crescent with a well-grounded and fresh approach to its business products, processes, practices. Our colleagues are rewarded with a challenging and entrepreneurial work environment, a collaborative and open culture, competitive rewards, and a flexible benefits program that provides an array of options to meet our colleagues’ changing needs. Crescent’s brand is known for quality and for Do What’ Right which mirrors the people who are behind the brand.
We won't lie. It takes a lot of work to deliver outstanding projects. That doesn't mean we can't have fun doing it. At Crescent, we strive to cultivate a creative workplace and find meaning in our jobs on a daily basis. We are a group of people who are excited by challenging opportunities and humbled by the knowledge that true leaders never stop learning.
If you would like more information on Crescent Communities, please fill out the form below and we will be in contact as soon as possible. Otherwise, feel free to contact us driectly via mail, phone, or find us on LinkedIn.