Crow Selling RE Portfolio for $2.2B

Crow Holdings, a Dallas-based real estate investor representing the Trammell Crow family, is selling a portfolio of 147 assets to GE Real Estate, Norwalk, Conn., for $2.2 billion.The portfolio consists of 112 industrial buildings (9.3 million square feet), 19 retail properties (3.6 million square feet), eight multifamily properties (3,141 units), six hotels (1,727 rooms), and two office buildings (350,000 square feet) located across the United States, according to Crow. GE RE is selling the 19 retail properties to Kimco Realty Corp., a New Hyde Park, N.Y.-based retail real estate investment trust, for about $920 million. Crow Holdings is seeking "to capitalize on today's attractive investment sales market and generate very strong returns for our partners," the company said. Crow can be found online at http://www.crowholdings.com.