Barclays Capital has entered into a joint venture with Goff Capital, Inc., to acquire Crescent Real Estate Equities LP from Morgan Stanley Real Estate Funding II. John Goff has been named as chairman and chief executive of Crescent. Until its sale to Morgan Stanley in 2007, he was Crescent's vice chairman and CEO. "The quality of Crescent's portfolio is strong and I look forward to partnering with the Crescent and Barclays Capital teams to manage the company through the current cycle and ensure that we are well positioned for the market recovery," said Mr. Goff.
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