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.

Crescent Partners with Local Sawmill to Treecycle

In 2013, Crescent Communities partnered with Kyle Edwards of Sawmills Ltd, a local family owned business. Timber from the Alexander Village property was repurposed to create exposed beams for the Meetinghouse community space and benches for the community dog park. The process was documented, along with a deeper exploration of individual responsibility for our environment. Make a step forward to tread lightly.

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 over $20 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 $12 billion in assets, they own 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 Global Opportunties Partners III L.P. is a global asset manager with a focus on distressed and other credit opportunities, managing $6.3 billion across a range of credit strategies. Their private equity strategy is characterized by control or active participation in the restructuring and revitalization of distressed companies. They are 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.

Peter Schoels, Member of Board of Managers - Mr. Schoels is the Managing Partner at MatlinPatterson Global Advisers LLC. 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 in July 2002, Mr. Schoels was a member of Credit Suisse’s Distressed Group, which he joined in 2001. From 2000 to 2001, Mr. Schoels was Director of Finance and Strategy for Tradeledger and Knowledge Platform, application service providers focused on systems integration and content management, respectively, both subsidiaries of Itim Group Plc. From 1998 to 2000, he was Manager of Mergers and Acquisitions for Ispat International NV, the fourth largest steel company in the world, specializing in buying distressed steel assets in emerging markets. Mr. Schoels holds a master’s degree in business administration from United Business Institutes in Brussels, Belgium, and a bachelor’s degree in international business from Eckerd College in St. Petersburg, Florida.

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

OUR


COMMUNITIES

A Crescent community is built by all of those within it.

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.

RESIDENTIAL

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.

MULTIFAMILY

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.

COMMERCIAL

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.

MULTIPLE


USE

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.

LAND


MANAGEMENT

Crescent Communities owns and manages approximately 50,000 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.

Customize your search options below to find your perfect tract.

MAP


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.

OUR


PERSPECTIVE

We never stop learning.

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.

 

 

PRESS


ROOM

Keep up with Crescent

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.

 

CAREERS


Our focus on community begins with our company.

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.

  • Competitive Medical, Vision and Dental coverage
  • Flexible Spending Accounts
  • Comprehensive insurance plans, including Life and AD&D
  • Short and Long-term Disability
  • Travel Accident coverage
  • A 401(K) Retirement Plan
  • Adoption Assistance for growing families
  • Education Reimbursement to continue growing
  • Ample Paid Time Away, including vacation and holidays
  • Service and Retirement Awards

JOB LISTINGS


Find your place at Crescent.

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.

Project Administrator/Staff Accountant - Dallas, TX

Marketing Manager - Bluffton, SC


BENEFITS &


REWARDS

At Crescent, our work isn't the only reward.

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.

IN ACTION


We're ready to play.

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.

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CONTACT


US

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.

May we contact you by email in the future with updates and Information?

WE'RE


SOCIAL