Crosland Forming RE Investment Fund

Crosland LLC, a Charlotte, N.C.-based real estate company, is forming an investment fund with life insurance company Northwestern Mutual with a development potential of about $1.5 billion.The fund will deploy about $225 million toward land acquisition and make additional mixed-use developments on the lands, Crosland reported. Residential, retail, office, and mixed-use developments will be pursued. The land acquisition will be focused on "urban infill redevelopment as well as outlying growth corridors," Crosland said. The fund is managed by Jamie Dunn, Crosland's vice president for investments, and Perry Reader, Crosland's Florida division president.