Weil advised Crow Holdings, a leading national real estate investment and development firm, in the final closing of Crow Holdings Realty Partners X, L.P., the firm’s largest fundraise to date. The fund closed at $3.1 billion of commitments with more than 70% of prior investors re-upping their investment in the flagship value-add fund series, and with significant participation from new investors.

In addition to investments in the primary fund, the Fund manager secured co-invest arrangements totaling nearly $600 million in equity capital, resulting in the potential for approximately $3.7 billion in total investable equity for the strategy. The fund intends to invest in value-add real estate assets across the U.S., primarily in industrial and multifamily, as well as in specialty sector opportunities, including manufactured housing, convenience retail, self-storage and student housing.

The Weil team was co-led by U.S. Private Funds Head Jonathon Soler and Private Funds partner Stephanie E. Srulowitz and included Private Funds partner Sarah Borden, Tax partner Robert Frastai and counsel Brittany Burnham.