Trammell Crow passes away at 94

The real estate giant leaves behind a real estate empire that was purchased by CB Richard Ellis for $2.2bn in 2006, as well as a private investment office currently deploying $847m in capital. He died on 14 January after starting his real estate career in 1948.

Renowned real estate developer Trammell Crow passed away on 14 January at the age of 94.

Crow began his career in real estate with a single Dallas warehouse in 1948 and built one of the largest commercial real estate companies in the United States, Trammell Crow Company.

The firm, which raises value-added and opportunistic real estate funds is now part of Richard Ellis after being bought by the company in 2006 in a $2.2 billion deal.

Trammell Crow’s son, Harlan Crow, heads private investment firm Crow Holdings, which directs the investments of the Crow family and its investment partners.

Since 1998, Crow Holdings has raised four funds with equity commitments totaling $2.1 billion, approximately $450 million of which has been committed by the firm. The firm is currently investing its fourth fund which closed on $846.5 million in April 2006 with $150 million of capital from the Crow family.

Crow is survived by his wife, six children, 16 grandchildren and three great-grandchildren.