Crescent Communities is a United States–based real estate investor, developer, and operator of mixed-use communities. Founded in 1963, the company develops multifamily, commercial, industrial, and life science properties in many of the fastest growing markets across the country. Its portfolio includes more than 86 multifamily communities and 25 million square feet of commercial space.
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| Formerly | South Carolina Land and Timber (1963) Crescent Land and Timber (1969) Crescent Resources (mid-80s) |
|---|---|
| Company type | Private Corporation |
| Industry | Mixed-Use Real Estate - both Multifamily and Commercial |
| Headquarters | Charlotte, North Carolina, U.S. |
Key people | |
| Total assets | US$1 billion+ (2017) |
Number of employees | 115 |
| Website | http://www.crescentcommunities.com/ |
The company is headquartered in Charlotte, North Carolina, with additional offices in Washington, D.C., Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Its commercial communities are branded Crescent Communities Office; its multifamily communities are branded NOVEL, RENDER, and HARMON; its industrial developments are branded AXIAL; and its life science developments are branded THE YIELD.
History
editCrescent Communities traces its roots to 1963, when it was founded as part of Duke Power (now Duke Energy) to manage land around Lake James and Lake Norman. It was later spun off as Crescent Resources, LLC, before rebranding to Crescent Communities.
Since its founding, the company has developed more than 86 multifamily communities and over 25 million square feet of commercial space.
Headquarters and Offices
editThe company is headquartered in Charlotte, North Carolina, with additional offices in Washington, D.C., Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix.
Business Segments
editCrescent Communities operates across multiple asset classes, each with distinct brand identities:
- Multifamily: NOVEL, RENDER, HARMON
- Industrial: AXIAL
- Life Sciences: THE YIELD
The company emphasizes mixed-use development, integrating residential, retail, office, and recreational components into its communities.
Vision and Values
editCrescent Communities’ stated vision is “Build Community. Better People’s Lives.”
Its corporate values are:
- Do What’s Right
- Collaborate with Purpose
- Inspire Creativity
- Deliver Excellence
Leadership
editAs of 2023, the company’s leadership team includes:
- Brian Natwick – Chairman & Chief Executive Officer
- Jason Labonte – Chief Investment Officer
- Heather Kels – Chief Financial Officer
- Tracy Chambers – Chief People Officer
- Jay Curran – President, Multifamily
- Brendan Pierce – President, Commercial
- Daniel Cooper – President, Construction
Notable Developments
edit- Office:
- The River District (Charlotte, NC): A 1,400-acre master-planned community along the Catawba River. The project integrates residential neighborhoods, commercial space, a working farm, and more than 500 acres of open space.
- NOVEL by Crescent Communities: A multifamily brand with communities in urban and suburban markets across the U.S.
- RENDER by Crescent Communities: A rental housing brand offering streamlined, moderately priced multifamily communities designed for efficiency and accessibility.
- HARMON by Crescent Communities: A build-to-rent and single-family rental brand focused on providing flexible living arrangements that emphasize community, experiences, and lifestyle balance.
- AXIAL by Crescent Communities: Industrial and logistics campuses in key U.S. growth corridors.
- THE YIELD by Crescent Communities: Specialized life science developments serving the biotechnology and research industries.
Portfolio and Scale
editAs of 2023, Crescent Communities reported a total development portfolio valued at more than $10 billion. This includes over 35,000 multifamily units and more than 25 million square feet of commercial development across the U.S.
Philanthropy and Community Engagement
editCrescent Communities supports environmental, social, and financial sustainability initiatives through its developments. The company also contributes to charitable and community-focused programs under the banner Crescent Communities Cares.