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Crimson Real Estate Fund, LP acquires and repositions real estate opportunities in key growth markets across the United States. The Fund is sponsored by Crimson Real Estate Advisors, LP, which is led by Dean Patrinely and Len O’Donnell. USAA Real Estate Opportunity Fund, which is sponsored by USAA Real Estate Company, is the largest investor in the Fund. USAA Real Estate Company has more than $5 billion of assets under management. The Fund targets office, multi-family residential and hotel properties but has the potential to invest across all asset classes, given Crimson’s extensive execution abilities for virtually all product types.Sponsor
Since 1983 Crimson Real Estate Advisors has emerged as a national leader in the acquisition, development and asset management of sophisticated real estate projects throughout the United States. Its conservative yet creative approach has led to innovative value-added investment opportunities and excellent performance for its partners and investors.Its execution capabilities have led to the successful delivery of properties in a variety of sectors, including high-performance corporate headquarters, luxury residential and mixed-use properties. This, coupled with broad expertise and superior execution skills provided by its service subsidiaries, has been the hallmark of its long-standing client relationships.
Strategy
The Fund will leverage the Sponsor’s operating capabilities, national platform and extensive relationships in order to capitalize on the emerging real estate investment opportunities resulting from the combined credit and housing crises.
Property Types
• Office Urban or suburban, distressed, value-add and corporate build-to-suit • Residential - Multi-family, distressed or repositioning opportunities - Distressed condominiums for sale or to reposition as rentals - Single-family lots/homes in bulk |
• Hospitality Luxury and resort hotels, branded and unbranded, residential component of interest • Retail Co-investment with experienced retail operators |
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