Longstanding actual property developer, investor, and operator commemorated for business and public management and exceptional tasks throughout various sectors

CHARLOTTE, N.C., Oct. 14, 2024 /PRNewswire/ — Crescent Communities, a nationally identified, market-leading actual property investor, developer, and operator of mixed-use and business communities, used to be decided on because the Commercial Real Estate Development Association (NAIOP)’s 2024 Developer of the While, the affiliation’s very best honor. The award used to be introduced to Crescent’s President of Industrial and The River District, Brendan Pierce, in a rite ultimate presen all through NAIOP’s CRE.Converge convention in Las Vegas. Since 1979, the Developer of the While award has been introduced to a construction corporate that best possible exemplifies management and innovation within the industrial actual property business.

Based in 1963 as Crescent Land and Wood and headquartered in Charlotte, N.C., Crescent Communities’ construction portfolio comprises greater than 86 multifamily communities and 25 million sq. toes of industrial territory. Crescent is energetic in 17 markets national and has 8 places of work within the U.S., together with Atlanta, Charlotte, Dallas, Denver, Nashville, Orlando, and Phoenix. The developer had a banner date in 2023, with $7.2 billion of energetic multifamily and industrial investments together with 7.5 million sq. toes of commercial, age science, and place of job territory, and greater than 15,000 multifamily devices beneath its NOVEL, HARMON, and RENDER manufacturers. Since 2010, Crescent has labored with 80-plus capital companions to lift over $7.8 billion in third-part capital.

“Being named NAIOP’s 2024 Developer of the Year is an incredible honor for Crescent Communities and a testament to the hard work, dedication, and strategic vision of our entire team,” mentioned Crescent Communities CEO, Brian Natwick. “At our core, we foster a culture of collaboration, innovation, and a shared commitment to doing what’s right. This recognition reflects that collective spirit, and we’re inspired to continue pushing boundaries and delivering impactful communities that enhance both the built environment and the lives of those within it.”

NAIOP cited Crescent Communities’ skill to resist tricky marketplace headwinds – and thrive in spite of them – by way of leveraging intensive revel in to amplify trade choices because the group’s key aggressive merit. Some fresh exceptional examples come with Crescent’s enlargement of its multifamily portfolio in 2021 to incorporate a suburban mid-market emblem named RENDER by Crescent Communities and a unmarried public built-to-rent emblem known as HARMON by Crescent Communities, complementing its current award-wining luxurious emblem NOVEL by Crescent Communities.

Moreover, Crescent Communities selected to emblem its business traits AXIAL Industrial by Crescent Communities in 2022 to strategically leverage consciousness throughout markets. Lately, Crescent Communities’ AXIAL portfolio comprises 65 tasks totaling over 14 million sq. toes within the East patch. Crescent additionally branded its age science traits THE YIELD by Crescent Communities in 2023 then the a hit initiation of its first venture with over 3 million sq. toes of extremely amenitized campus-style age science and complicated production territory in North Carolina’s Analysis Triangle patch.

Regardless of the wave demanding situations of place of job construction, Crescent Communities has endured to spend money on strategic and selective places, together with Carson & Tryon, a 31-story mixed-use construction mixing Charlotte’s South Finish – probably the most people’s freshest construction submarkets – with Uptown. Carson & Tryon will come with greater than 30,000 sq. toes of employee-centric facilities. Crescent additionally led your entire overhaul of Charlotte’s iconic One Independence Center with 20 tales of contemporary Magnificence-A place of job territory complemented by way of a new food hall known as Monarch Marketplace, together with a number of upscale bars and backup sought-after retail that has helped reimagine this portion of Uptown Charlotte.

Guided by way of its core values of “Do What’s Right, Be Curious, Innovate Always, Deliver Excellence,” Crescent Communities has carried out day-to-day practices to additional its constancy to stewardship, together with its impactful paintings thru its Variety, Fairness and Inclusion Job Pressure and its intentional partnerships with minority- and women-owned native companies. Crescent has been identified as a countrywide chief for its sustainability efforts, with traits that incorporate LEED, National Green Building Standard (NGBS), Fitwel, and WELL certifications.

“Receiving NAIOP’s 2024 Developer of the Year award is both a deeply meaningful milestone and a reflection of the incredible efforts of our team,” mentioned Pierce. “As a former president of NAIOP’s Charlotte chapter, this recognition holds special significance. Our core values of doing what’s right, being curious, innovating always, and delivering excellence aren’t just aspirational; they fuel our commitment to creating places of authenticity and impact that resonate with people and leave a lasting legacy.”

Crescent Communities used to be decided on for the award from an noteceable slate of nominees and used to be evaluated by way of a staff of seasoned builders on please see standards: exceptional attribute of tasks and products and services; energetic backup of the business thru NAIOP; monetary consistency and steadiness; skill to evolve to marketplace situations; and backup of the native public.

“It is NAIOP’s honor to recognize the tremendous work of Crescent Communities as the 2024 Developer of the Year. Its ongoing commitment to advancing the commercial real estate industry through cutting-edge innovation and exemplary real estate development across many property sectors is impressive,” mentioned Marc Selvitelli, NAIOP president and CEO. “Crescent Communities has demonstrated significant market resilience and adaptability, overcoming economic headwinds to consistently deliver value.”

About Crescent Communities:
Crescent Communities is a nationally identified, market-leading actual property investor, developer, and operator of mixed-use “communities.” We form top of the range, differentiated multifamily and industrial communities in lots of the quickest rising markets in america. Since 1963, our construction portfolio has incorporated greater than 86 multifamily communities and 25 million sq. toes of industrial territory. Crescent Communities has places of work in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL, RENDER and HARMON by way of Crescent Communities, our business traits are branded AXIAL by way of Crescent Communities, and our age science traits are branded THE YIELD by way of Crescent Communities.

SOURCE Crescent Communities

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