Crescent Communities Announces Opening of Phoenix Office

Office to Be Led by Newly Appointed Director of Development Ken Keefe

PHOENIX, AZ (July 29, 2020) – Crescent Communities, a nationally recognized, market-leading real estate investor, developer, and operator of mixed-use communities across the Southeast, Mid-Atlantic, and Southwest, announced the opening of its Phoenix office this summer, located at 2415 E. Camelback Road.

The office will be led by Ken Keefe, who recently joined Crescent Communities as Director of Development for the company’s Phoenix multifamily group. Keefe is responsible for overseeing the company’s growing Phoenix portfolio which includes three completed communities as well as NOVEL Midtown Phoenix, which is currently under construction.

“We are thrilled to announce the opening of our Phoenix office and to welcome Ken to the team,” said Ben Krasnow, Managing Director for the Southwest region of the Crescent Communities multifamily team. “Ken brings with him substantial experience in the multifamily arena, and his leadership and expertise will be invaluable as we continue to build Crescent Communities’ presence in this market.”

Prior to joining Crescent Communities, Keefe, a multifamily real estate development executive with more than 25 years of experience, served in leadership roles at 4Terra Investments Inc. and Archstone.

“I’m excited to join Crescent Communities, to open our office in Phoenix, and to manage our growing presence in this market,” says Keefe. “The job and population growth projections, relative affordability metrics, and the overall livability of the greater Phoenix market makes this an attractive expansion for Crescent Communities.”

Nationally, Crescent Communities has a growing multifamily portfolio that includes 15,000 units and 432,000 square feet of retail completed or under construction, representing a total investment of $3.3 billion. Overall, the organization operates in ten states across the Southeast, Mid-Atlantic, and Southwest growth markets with offices in Charlotte, Washington, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and now Phoenix.

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 59 multifamily communities, 21 million square feet of commercial space and 60 single family master-planned communities. Headquartered in Charlotte, Crescent Communities has regional offices in Washington, DC, Atlanta, Orlando, Nashville, Dallas, Denver, and Phoenix. Our multifamily communities are branded NOVEL by Crescent Communities.

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