Crescent Communities Appoints New Multifamily Managing Director in Florida
CHARLOTTE, N.C. (October 11, 2018) – Crescent Communities, a nationally recognized, market-leading real estate company that specializes in developing, owning and selling multifamily, commercial and mixed use communities across the Southeast and Southwest, has announced the addition of Tim Graff as Managing Director of Florida.
“We are excited to add a seasoned, successful leader of Tim’s caliber to head our multifamily business in Florida,” said Jay Curran, Senior Managing Director for Crescent’s East Region. “Tim is an extremely well-rounded real estate professional, bringing strong skills in identifying and securing great real estate for development, as well as deep experience and capabilities to ensure Crescent continues to execute on delivering our signature multifamily communities.”
As Managing Director of Florida for Crescent Communities’ multifamily business, Graff will oversee sourcing new development investments, as well as lead teams through all design, entitlement and execution efforts required to deliver superior investment returns. Based out of Orlando, Graff will initially focus on Crescent’s active investment markets in Tampa, Orlando and Jacksonville, with an outlook to expand Crescent’s Florida activity with new opportunities in South Florida. His new role reflects Crescent’s ongoing commitment to the Florida region for multifamily development.
“I am excited to join the Crescent Communities team and support their efforts in creating resident-oriented, high-quality and differentiated multifamily communities,” said Graff. “We are actively sourcing new investment opportunities to develop walkable mixed-use projects in exceptional locations with both our in-house expertise and with our retail, office and for-sale residential partners.”
Graff brings 14 years of multifamily development and investment experience to his position. Most recently, he served as a development executive for Alliance Residential’s North Florida division. Graff earned both his master’s degree in Business and his bachelor’s degree in Economics from Rollins College.
Crescent Communities currently has 20 multifamily communities under construction or in operation across the U.S. In total, these developments represent more than 6,300 apartments and a total investment of more than $1.5 billion. Additionally, the company has another 15 communities in the pipeline for 2018 and 2019. These additional projects represent another 4,700 apartments and a total investment of $1.3 billion.