1948-1979
Trammell Crow built his first warehouse in Dallas, Texas in 1948.[33] From its founding through the 1980s, Trammell Crow Company's (TCC) primary business was the development and management of industrial, office and retail projects.[34] In 1965, Trammell Crow and Mack Pogue founded Lincoln Property Company as a developer and manager of residential communities throughout the US.
By 1971, Trammell Crow was the biggest private landlord in the US, with over $1 billion in real estate.[35] In 1976 and 1977 the company re-organized into three separate but connected entities: the Trammell Crow Company for commercial development; the Trammell Crow Residential Companies for residential development; and Crow Family Holdings, which included the Dallas Market Center,[36] warehouses[37] and hotels.[38] Trammell Crow held the position of CEO until 1977.[39][40] In 1977 Pogue purchased Trammell Crow's share in the company.[41]
1980s
In 1981, Trammell Crow founded Wyndham Hotel Corporation.[42]
In 1982 Trammell Crow Interests was established. TCI was headed by Trammell's son, Harlan Crow.[43] TCI is the predecessor of Crow Holdings.[44] By 1984 Trammell Crow was the biggest real estate developer in the U.S., with 140 million square feet of property in 73 cities.[45]
1990s
In 1993, Trammell Crow Residential spun off its Northeastern division to create Avalon Properties Inc, a REIT based in Wilton, Connecticut.[46][47]
Also in 1993, TCR combined its Atlanta, Dallas, and Houston divisions, as well as Nashville assets to form REIT Gables Residential Trust. Gables Residential issued its IPO in 1994. Gables merged with Lion Gables Apartment Fund LP in 2004, an investment fund managed by ING Clarion Partners and Lehman Brothers. It was then taken private under the name Lion Gables Apartment Fund LP.[48] Clarion acquired Gables Residential in 2015.[49]
In 1996, Homegate Hospitality, Inc., an extended-stay hotel chain, was founded by TCR, Greystar Capital Partners, L.P. and Crow Investment Trust, the real estate investment arm of the Crow Family.[50]
2000s
Patriot American Hospitality was later converted from a REIT to a corporation and renamed Wyndham International. Blackstone acquired Wyndham International in 2005.[59]
In 2006 Trammell Crow Company was sold to the CB Richard Ellis Group.[51]
In 2008, Crow Holdings moved into its Old Parkland headquarters located in Dallas, Texas, having acquired the historic campus in 2006.[60]
In 2017, Michael Levy was appointed as CEO of the firm.[61] In 2023, Crow Holdings founded Crow Holdings Renewables to develop solar and energy storage assets.[62]
