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We created this article as part of our research process for our US single family office database. Here, we are highlighting the launch of a new renewable energy focused business line from an US single family office.
You might also like the list of the 150 largest US renewable energy investors from our partner portal renewables.digital.
The family office of the Trammell Crow family, Crow Holdings, belongs to the major real estate development firms in the United States. The firm owns over 850 objects and manages more than $16bn. Part of the real estate portfolio are industrial sites, gas stations, student housing, self storage units or car washing stations. In its investment management division the family office also offers its management services for third-party investors. Now, the Crow family office launches a new renewables-focused division.
US family office targets renewable energy investments
In June 2023, Crow Holdings announced the launch of the “Crow Holdings Renewables” business line. The main goal of the business will be to develop solar and battery projects on rooftops of industrial buildings and development sites. First projects are targeted in California, Maryland, Illinois and New Jersey. In these states, energy prices are already relatively high. Through the new business line, the family office will enter the growing renewables market and support the transition to a greener energy supply.
Article Source: Costar
Picture source: Antonio Garcia
