Crescent Communities Named NAIOP 2024 Developer of the Era

Marketplace-leading Actual Property Developer, Investor and Operator Commemorated for Business and People Management; Remarkable Tasks Throughout Business, Future Science, Place of work and Multifamily

WASHINGTON, July 17, 2024 /PRNewswire/ — NAIOP, the Business Actual Property Building Affiliation, has decided on Crescent Communities as its 2024 Developer of the Era – the affiliation’s best honor. The award can be introduced all over NAIOP’s CRE.Converge convention in Las Vegas this October.

“We are honored to be named this year’s Developer of the Year by NAIOP, and we are humbled that the organization has recognized our extraordinary team and our community-driven development approach as an industry game-changer,” stated Crescent Communities Chairman and CEO Brian Natwick. “Our mission is to build community and better people’s lives, and we believe that starts from the inside out. We are as equally dedicated to designing and developing commercial and multifamily communities that enrich the way people work and live, as we are to creating an internal culture of connection and innovation, and this award underscores our unwavering commitment to these principles.”

Shaped in 1963 and headquartered in Charlotte, North Carolina, Crescent Communities’ building portfolio has integrated greater than 82 multifamily communities and 24 million sq. ft of industrial area. Crescent Communities is lively in 17 markets national and has 8 places of work within the U.S., together with Charlotte; Washington, D.C.; Atlanta; Orlando, Florida; Nashville, Tennessee; Dallas, Denver, and Phoenix.

Crescent Communities continues to thrive even in tricky occasions because of its skill to amplify industry choices via leveraging intensive revel in and innovation.

• In 2021, Crescent expanded its multifamily portfolio providing to incorporate a mid-market emblem known as RENDER via Crescent Communities and a unmarried people built-to-rent emblem known as HARMON via Crescent Communities to enrich the prevailing award-wining luxurious emblem of NOVEL via Crescent Communities, which has grow to be nationally known since 2010.
• In 2022, Crescent selected to emblem its long-standing commercial trends AXIAL via Crescent Communities to additional leverage emblem consciousness throughout markets. Finally, Crescent branded its past science trends, THE YIELD via Crescent Communities in 2023 later the a success initiation of its first venture with over 3 million sq. ft of extremely amenitized campus-style past science and complex production area in 2021.
   
• In spite of the stream demanding situations of administrative center building, Crescent Communities has persevered to spend money on strategic and selective places, together with Carson & Tryon, a 31-story mixed-use building in Charlotte’s South Finish – known as one of the most society’s freshest building submarkets – which can come with greater than 30,000 sq. ft of employee-centric facilities. Crescent additionally led your complete overhaul of Charlotte’s iconic One Independence Center with 20 tales of contemporary Elegance A administrative center area complemented via a new food hall called Monarch Market, together with a number of upscale bars and backup retail that has helped reimagine this portion of Uptown Charlotte.

Total, the developer had a banner age in 2023, with $7.2 billion of lively multifamily and business investments below building and in making plans together with 7.5 million sq. ft of business, past science, and administrative center area, and greater than 15,000 multifamily gadgets below its NOVEL, HARMON, and RENDER manufacturers. Since 2010, Crescent Communities has raised over $7.8B in third-part capital, running with over 82 capital companions.

Guided via its core values – “Do What’s Right, Be Curious, Innovate Always, Deliver Excellence” – Crescent Communities has applied day by day practices to additional its constancy to stewardship, together with its impactful paintings thru its Variety, Fairness and Inclusion Activity Pressure and its intentional partnerships with minority and women-owned companies. Crescent Communities has additionally been known as a countrywide chief for its sustainability efforts, with trends that incorporate LEED, Nationwide Inexperienced Construction Usual (NGBS), Fitwel and WELL certifications. And the developer is these days pursuing One Planet Living designation throughout The River District, its 1,400-acre master planned building in West Charlotte, the primary public within the Southeast to enforce this enthusiastic and forward-looking framework that helps circularity, accountable transit, condition and a discounted carbon footprint.

“All our core values are integral to the work we do, but our commitment to ‘do what’s right,’ is truly something we believe in and put into practice every day across all of our projects and communities,” stated Crescent Communities Business President Brendan Pierce. “It’s that integrity, and the innovation that results from finding the right answer – not the easy answer – that enables us to adapt across multiple sectors and serve as a leader in the commercial space.”

Since 1979, the NAIOP Developer of the Era award has been introduced to a building corporate that absolute best exemplifies management and innovation within the business actual property business. Crescent Communities used to be decided on from an remarkable slate of nominees and used to be evaluated via a crew of seasoned builders on refer to standards: exceptional component of initiatives and services and products; lively aid of the business thru NAIOP; monetary consistency and steadiness; skill to conform to marketplace statuses; and aid 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,” stated Marc Selvitelli, NAIOP president and CEO. “Crescent Communities has demonstrated significant market resilience and adaptability, overcoming economic headwinds to consistently deliver value.”

About NAIOP 
NAIOP, the Business Actual Property Building Affiliation, is the main group for builders, house owners, buyers and indistinguishable pros in administrative center, commercial, retail and mixed-use actual property. NAIOP supplies unprecedented business networking and schooling and advocates for efficient regulation to the behalf of our contributors. NAIOP advances accountable, sustainable building that creates jobs and advantages the communities through which our contributors paintings and are living. For more info, seek advice from naiop.org.

About Crescent Communities
Crescent Communities is a nationally known, market-leading actual property investor, developer, and operator of mixed-use “communities.” We assemble top of the range, differentiated multifamily and business communities in most of the quickest rising markets in the US. Since 1963, our building portfolio has integrated greater than 85 multifamily communities and 24 million sq. ft of industrial area. 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 via Crescent Communities, our commercial trends are branded AXIAL via Crescent Communities, and our past science trends are branded THE YIELD via Crescent Communities.

SOURCE NAIOP