Crown Realty Partners announces its final close on its real estate fund with $165.5 million in commitments from institutional investors and Crown partners. The new fund, Crown Realty III Limited Partnership (CR III LP) will build upon Crown’s past success with its value-add funds. Crown is currently seeking commercial office investment opportunities that will fit the Fund’s value-add investment mandate. Click here to view the news release.
Crown Realty Partners (“Crown”) announced its final and most recent close for its third value-add fund, Crown Realty III Limited Partnership (CR III LP). With this closing, the fund is fully subscribed with equity commitments totaling $165.5 million. CR III LP is co-invested by Canadian institutional investors and Crown partners. Consistent with its predecessor funds, it is focused on identifying value-add office investment opportunities across the Greater Toronto Area.
“Through the application of a practical, cost effective management approach for which Crown has become known, we can continue to successfully execute an array of investment strategies that assist in generating exceptional returns to our investors,” said Michael Pittana, Founding Partner of Crown Realty Partners. “Our institutional investors value our previous track record.”