Attractive demographics and strong job and wage growth trends
Focused on High-growth Sunbelt U.S. Markets
Crescent Communities Opportunities Fund
Crescent Investment Management (CIM) is focused on generating attractive risk-adjusted returns on behalf of institutional partners through the development and acquisition of real estate assets. We seek to leverage our diverse expertise across multi-family, commercial, and industrial assets to identify and execute compelling real estate opportunities for our investors. With Crescent’s 60 year institutional history, a track-record of successfully executing over $8BN in development projects, and a global industry network, we have access to a robust and stable pipeline of opportunities.
INVESTMENT FUND STRATEGIES
Closed in 2022, the Crescent Real Estate Opportunities Fund (CREOF) is seeking to generate attractive returns through the development of class-A multifamily-anchored assets located in lifestyle-driven, highly amenitized submarkets close to jobs, entertainment and retail. Our developments will offer best-in-class amenities and unit finishes that exceed the competitive set, in order to attract top-of-market rents. CREOF will seek to maximize returns through dispositions, upon completion and stabilization of the projects.
Crescent Communities seeks to pursue a Core strategy where we identify, acquire and hold high quality, stabilized assets with the intent of providing attractive current income, long term value appreciation, and tax efficiency. Through rigorous asset management, Crescent believes it can improve operations, grow income and provide inflation protection to our institutional investors. CIM can also leverage its own pipeline of development assets and that of our parent, Sumitomo Forestry, to provide a steady supply of opportunities.
BUILD TO CORE
Crescent Communities seeks to pursue a Build-to-Core strategy, which involves developing a project from the ground up, stabilizing the asset, then holding the property for the long-term. Value is created during the ground up development phase, with the asset transitioning to higher-yielding passive income, upon stabilization. This strategy allows investors to take advantage of both appreciation and cash flow, while leveraging a reliable pipeline of opportunities, directly from Crescent Communities.
Crescent Communities can leverage its expertise across segments (multi-family, commercial / office, industrial, etc.), strategies (opportunistic, core, build-to-core, etc.), and geographies (US, Europe, Asia) to modify existing strategies or develop new ones as opportunities arise.
Investment Management Team
Experienced Team. Industry Focused.
Our leaders consist of experienced senior management team averaging 23 years of relevant industry experience. We have a team of 150 professionals with integrated sourcing, underwriting, development, and asset management capabilities. Read our profiles below.
Member of Board of Directors, Investment Committee & Executive Committee
Brian Natwick is the Chairman and CEO for Crescent Communities with over 27 years of real estate investment and development experience representing $10.5 billion in total capitalization. He is responsible for vision and strategic oversight of a full suite of complementary businesses including multifamily, single family build-to-rent, industrial, life science, office, construction and investment management. Brian previously served as President and COO and joined Crescent Communities in 2006.
Prior to Crescent Communities, Brian held senior management and executive positions at Centex Construction Company (now Balfour Beatty), Skanska USA Building, and Moss & Associates and was responsible for over $500 million of development for notable clients such as Walt Disney Imagineering, Hilton/LXR Luxury Resorts and the Blackstone Group.
Active in the community and industry, Brian serves on the board of trustees/directors for Queens University of Charlotte, Charlotte Christian School, Charlotte Executive Leadership Council, and Charlotte Center City Partners, and is an active member of Young Presidents' Organization (YPO), Urban Land Institute, National Multi Housing Council and National Association of Home Builders. In addition, he served on the board of Habitat for Humanity Charlotte (former board chair).
He graduated with highest honors from the University of Florida with a degree in construction management and earned a MBA from the McColl School of Business at Queens University. Brian and his wife, Holly, reside in Charlotte and have three children.
Member of Board of Directors
Kevin Lambert was named Chief Financial Officer of Crescent Communities in 2007. Kevin has nearly three decades of financial and operating experience with the Company. As CFO, Lambert oversees financial reporting and analysis, strategic planning, risk management, tax and information technology functions. He also manages the corporate credit facilities for Crescent Communities and acts as chair for its internal investment committee. Kevin has led many of the Company’s major financing transactions representing nearly $2.5 billion in total capital.
Kevin joined Crescent Communities in 1993 and previously held the positions of vice president-controller, commercial division controller and senior accountant. Before joining Crescent Communities, Kevin worked for Deloitte & Touche of Charlotte.
Active in the community and industry, Lambert serves on several advisory boards including the Childress Klein Center for Real Estate at UNC-Charlotte and is past chairman of the board at Lake Norman Charter School in Huntersville. He is also a member of the Urban Land Institute.
Kevin earned a bachelor’s degree in business administration and a master’s in accounting, both from the University of North Carolina at Chapel Hill. Kevin and his wife, Angie reside in Cornelius and have 2 children.
Member of Board of Directors, Executive Committee & Investment Committee
Jason LaBonte, Executive Vice President and Chief Investment Officer joined Crescent Communities in 2016. He oversees Crescent Communities’ investment strategy, capital markets and finance activities across the platform including multifamily, commercial, build-to-rent and investment management business. As a part of this role, he is responsible for joint venture equity and debt relationships, underwriting, finance, dispositions and coordination with asset management functions. He is also a member of Crescent Communities’ Investment Committee and a member of the Board of Directors. Jason plays a key role in strategic initiatives and the acquisition and development of assets.
Jason has over twenty-five years of real estate experience and more than twenty years of capital markets and private equity experience working as a Managing Director for Bank of America Merrill Lynch both in New York City and Charlotte, where he executed over $50 billion in transactions within the firms Leverage Finance, Real Estate Investment Banking and Global Strategic Capital groups. Jason was most recently with Centennial Holding Company, LLC, as Managing Director of Corporate Development, leading the firm's efforts for capital raising while also focusing on strategic planning, platform development and investor relations. Jason has served on numerous for-profit boards including Archstone Inc., IPREO, Themarkets.com and the National Stock Exchange.
Jason received his Bachelor of Science in Civil Engineering from the Georgia Institute of Technology and has an MBA with a focus in finance from the Goizueta Business School at Emory University. Jason also holds the designation of Chartered Alternative Investment Analyst. Jason currently serves as the Chairman on the Charlotte city advisory board of Entryway, a non-profit that transitions individuals experiencing homelessness to economic self-sufficiency, and formally served for the Board of Carolinas Student Hunger Drive. He is also active with ULI as a member of the Capital Markets Committee and Multifamily Platinum Council.
Alec Petty joined Crescent Communities in 2022 and currently serves as the Portfolio Manager for the Crescent Real Estate Funds. Alec is responsible for portfolio management, fund administration, capital raising, and investor relations.
Prior to Crescent Communities, Alec was a Managing Director at Bank of America covering the Global Principal Investments Group, a division of the bank which executes and manages Private Equity investments. In this role he focused primarily on Portfolio and Risk Management. Serving as the co-head of the Investment Committee, he oversaw $2BN in equity capital deployment, across both direct and fund investments. Alec worked closely with Blackstone on the management of several sponsored International Real Estate Funds, including serving on the LPAC. Alec was also previously employed at JP Morgan as an Investment Banker in New York and San Francisco.
Alec earned a Bachelor of Arts degree from Duke University and a Master of Business Administration from The Darden Graduate School of Business at the University of Virginia. Alec holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.