Updated:
Crescent Real Estate LLC
Crescent Real Estate LLC is an SEC-registered investment adviser in Fort Worth, Texas, registered since 2012. The firm manages $5.1 billion in assets, with...
Crescent Real Estate LLC
Crescent Real Estate LLC is an SEC-registered investment adviser in Fort Worth, Texas, registered since 2012. The firm manages $5.1 billion in assets, with $3.9 billion managed on a discretionary basis. It has 113 employees and 34 investment advisers.
General information
Firm type
Asset Manager
Year founded
1987
AUM
$4.4 billion (per firm website, February 2025)
Location
Region
North America
Country
United States
City
Fort Worth
Corporate office
Fort Worth, TX, United States
Additional offices
Denver · Dallas
Principals
John Goff
Chairman
Richard Rainwater
Co-founder
Sector focus
Frequently asked questions
Who runs investment decisions at Crescent Real Estate?
John Goff, chairman, leads the firm. Goff co-founded Crescent in 1987 with Richard Rainwater and has directed its investment strategy since. The firm's team of over 100 real estate professionals executes across investment, development and operations (per firm website).
How does Crescent Real Estate source proprietary deal flow?
Crescent leverages its vertically integrated operating platform and longstanding relationships in South and Southwest growth markets. The team sources opportunities through direct relationships with developers, operators, and property owners, as well as through its GP Invitation Fund network of private clients (per firm website).
Is Crescent Real Estate structured as a family office or a real estate investment firm?
Crescent operates as a real estate investment advisor and operating company, not a family office. It manages capital for external investors through its GP Invitation Fund series, established in 2016. The firm is led by chairman John Goff, who also controls Goff Capital Partners (per firm website).
What investment stages does Crescent typically target?
Crescent focuses on acquiring and developing institutional-quality assets at an attractive basis. It targets dislocations in market cycles across office, multifamily and hospitality properties in U.S. growth markets. The firm is flexible on structure, including direct acquisitions, development, and re-development (per firm website).
Which sectors does Crescent explicitly avoid?
Crescent does not publicly disclose excluded sectors. Its stated focus is on hospitality, multifamily and office investments in South and Southwest U.S. growth markets. It does not appear to target industrial, retail or healthcare real estate (Altss research).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on registered investment advisers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: