• LISTEN TO THE LAND

    What if the land brought people together? At Oakland Park that is exactly what’s happening.

  • LIVING A LIFE'S DREAM

    Jay Walea, Director of the Palmetto Bluff Conservancy, gives us an unprecedented glimpse into the heart and soul of caring for our land.

  • Live where Atlanta plays

    Crescent Terminus lets residents delight in the refined elegance of high-end shopping, exquisite dining, and indulgent living in a neighborhood where luxury knows no bounds.

  • Escape to Lake Rhodhiss

    Over 900 acres of pine forest and 5 miles of shoreline, Crescent Land Management markets exclusive lakefront tract for sale

  • Land Our most precious resource

    Over 40,000 acres of land holdings across the Carolinas suited for a variety of uses

  • LUXURY LIVING AT CRESCENT BAYSHORE

    Crescent Bayshore is destined to be one of the most desirable addresses in Tampa.

  • Expanding the Inn at Palmetto Bluff

    Crescent Communities announces more than $100 million investment to expand highly acclaimed Inn at Palmetto Bluff

  • We take pride in our heritage

    Since our founding in 1969, we have strived to uphold a sense of community and connection in every development we create.

ABOUT


CRESCENT

Watch our story.

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We build communities with room to thrive.

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.

HISTORY


By looking to our past we find inspiration for the future.

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.

 

 

VISION &
VALUES

Our Vision: Build Community. Better People’s Lives.

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.

Our Values:

Be Curious
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.

Innovate Always
We challenge assumptions, embrace risk and act with conviction in order to deliver “what’s next” in everything we do.

Deliver Excellence
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.

THE CRESCENT
WAY


We choose the right path over the easy one.

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.

LEADERSHIP


Our people are our difference.

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.

CRESCENT
SUSTAINABILITY


Sustainability is not optional. It is a fundamental requirement of doing business the right way.

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.

PRINCIPAL
INVESTORS


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.

BOARD OF
MANAGERS


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.

Mark Palmer, Member of Board of Managers - Mr. Palmer is a partner and investment professional of MatlinPatterson Global Advisers. Prior to joining MatlinPatterson in January 2009, Mr. Palmer was a Partner at the law firm of Bracewell & Giuliani LLP, where he served as the Chair of the firm’s Private Investment Funds Practice and as the Head of the Corporate Practice in New York (2006-2009). Prior to Bracewell & Giuliani, Mr. Palmer was the Head of the New York Corporate Practice of the international law firm Linklaters (2004-2006) as well as a Partner with the law firm of Stroock & Stroock & Lavan LLP (2002-2004). While an attorney, Mr. Palmer represented MatlinPatterson on many of its most significant transactions since inception. Mr. Palmer began his career as an Associate with the law firm of Sullivan & Cromwell LLP (1994-1998). Mr. Palmer holds a JD from Columbia University (1994) and a BA from the University of South Florida (1990).
 

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

  • Be Curious

  • Do What's Right

  • Innovate Always

  • Deliver Excellence