Crow Holdings Realty Partners IX, L.P
US $1 million
Crow Holdings Capital Representative: Bob McClain (CEO)
Location: 3819 Maple Avenue, Dallas, Texas 75219 10 years from the Final Closing Date
ESCON USA II, LLC
Delaware Toru Kumaki
September 29, 2021
ES-CON JAPAN Ltd.
Takatoshi Ito, President &
(TSE 1st Section, code: 8892)
Notice of Investment in U.S. Real Estate Investment Fund
ES-CON JAPAN Ltd. (hereinafter “ES-CON JAPAN”) announces that it has decided to invest in Real Estate Investment Fund “Crow Holdings Realty Partners IX, L.P” (hereinafter “the Fund”) formed by Crow Holdings Capital (Headquarter: Dallas, Texas; CEO: Bob McClain; hereinafter “CHC”), U.S. real estate company through our subsidiary ESCON USA II, LLC (established in February 2020), as described below.
1. Background and purpose
The Fund, to which ES-CON JAPAN decided to make a commitment, is formed by CHC, a major U.S. real estate investor. CHC’s parent company, Crow Holdings (Headquarter: Dallas, Texas; CEO: Michael Levy) has a 70-year history and a proven record of accomplishment. By utilizing Crow Holdings’ and CHC’s strong experience and the know-how, the Fund plans to invest in and develop a wide range of real estate fields, mainly rental apartments and Industrial properties in the U.S. The Fund also plans to increase the value of properties after it develop and/or acquire completed assets, and to sell them in stages after stable operations. The Fund’s main focus is to invest in rental apartments and warehouses (e-commerce) by focusing on the population growth of the region (market growth potential). In addition, the Fund intends to make diversified and stable investments in many projects/properties in the whole U.S. ES-CON JAPAN decided to invest in the Fund because its investment policy meet our strategy for overseas business expansion and ES-CON JAPAN believes that this investment will also be beneficial for us to understand the business sentiment and trends in U.S. real estate market.
ES-CON JAPAN will continue to focus its endeavors on developing new business fields with an eye on the next era, and its global implementation of a multifaceted real estate business that can contribute to the society.
2.Overview of the Fund and subsidiary Fund overview
Our planned investment
Name of subsidiary
Starting point for investment: Early October 2021
4. Impact on operating results
The impact of the equity investment on ES-CON JAPAN’s operating results is currently not projected.
Administration Group PR/IR Manager Tel: +81-3-6230-9308
ES-CON Japan Ltd. published this content on 29 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 04:01:07 UTC.