THE YIELD | Project Beyond Opportunities

PROJECT BEYOND

TRIANGLE BUILD-TO-SUIT DEVELOPMENT OPPORTUNITIES

MAY 2023

We are pleased to present two built-to-suit options in the Triangle for Project Beyond.

In this package, we have included background on our company, culture, and mission along with our project details and our history of delivering results.

Crescent Communities, in partnership with Nuveen, is actively under construction with a thoughtfully designed 120-acre innovation and technology campus called THE YIELD Holly Springs.

Located 20 minutes south of Raleigh and RDU Airport, THE YIELD Holly Springs is centrally located in one of the fastest-growing towns and counties in North Carolina. The town's growth has been driven by its excellent quality of life, affordable cost of living, and robust economy. It has a highly-educated workforce with over 50% of its residents holding a bachelor's degree or higher. Holly Springs offers small-town character while being home to a diverse population of community and industry leading, international companies.

Crescent Communities is well underway at THE YIELD Holly Springs and has multiple opportunities to provide build-to-suit options outlined in the enclosed. With entitlements and permitting completed, we are under construction across three buildings totaling 322,000 SF to deliver later this year along with many future pad positions available that can be tailored to deliver a building designed for your company’s needs. The unique entitlements in place at THE YIELD provide maximum flexibility and will likely support your proposed use.

Both of these options outlined on pages 12, 13, and 14 allow for Project Beyond to customize a building for your use within an innovative campus environment. With zoning in place and an all-star team, Crescent Communities and Nuveen are ready to meet Project Beyond’s needs and timelines.

We are eager to share more with you in person to learn more about your company and needs. We hope this package is helpful as you consider the Triangle and Holly Springs.

Brendan Pierce President Crescent Communities

OUR VALUES

WHO WE ARE

WE DEVELOP MORE THAN JUST GROUNDBREAKING 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 83 multifamily communities and 24 million square feet of commercial space. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our multifamily communities are branded NOVEL, RENDER and HARMON by Crescent Communities, our industrial developments are branded AXIAL by Crescent Communities, and our life science developments are branded THE YIELD by Crescent Communities.

TAKING THE RIGHT PATH OVER THE EASY ONE

OUR VISION

BUILD COMMUNITY. BETTER PEOPLE’S LIVES.

Since our inception decades ago, Crescent Communities has embraced a long-term value approach to development that is focused on creating the most extraordinary places to live, work, and play. Through our commercial, multifamily, industrial and mixed-use projects, we will continue to establish award-winning developments that endure and uphold our commitment to respecting the land and environment that has guided us since our company was formed in 1963.

DO

UNPARALLELED PARTNERSHIP

Nuveen Real Estate is one of the largest investment managers in the world with $156 billion of assets under management.

Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, Nuveen provides access to every aspect of real estate investing.

With over 85 years of real estate investing experience and more than 745 employees located across over 30 cities throughout the United States, Europe, and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.

MULTIFAMILY BRANDS

COMMERCIAL BRANDS

STEWARDSHIP

Being good stewards is fundamental to the pursuit of our mission to build community and better people’s lives.

Highlights

49 MULTIFAMILY COMMUNITIES

ACHIEVED GREEN CERTIFICATIONS through LEED or NGBS (23 additional projects in process)

ALL COMMERCIAL COMMUNITIES

PURSUING GREEN AND WELLNESS CERTIFICATIONS through LEED, WELL, Wired, and Fitwel

ACHIEVED FIRST NGBS GREEN CERTIFICATION FOR BUILD-TORENT IN NORTH CAROLINA with HARMON Five Points, with several additional communities now certified or pursuing certification.

ACHIEVED WELL PLATINUM CERTIFICATION for Charlotte Office of Crescent Communities, underscoring our commitment to the health and wellbeing of our colleagues.

At Crescent Communities, we strive to make decisions that address current and future challenges and to improve continuously in order to have a positive impact on the planet, the people, and the places we build and call home. We hold ourselves accountable through regular evaluation of our practices and ongoing measurement. Our goal is to ensure that the communities under our stewardship flourish for years to come. We seek to create legacies, the value of which build with time.

Four Pillars Of Stewardship Environment

To build prosperous and healthy communities within the ecological limits of our planet, it is essential to tackle climate change with disciplined and thoughtful development. We have adopted environmental sustainability principles, practices, and processes to both sustain the environment and support thriving economies. We seek to inspire our colleagues, residents, tenants, and the broader development community to make positive changes that enable ecosystems to flourish.

Community

A community is a network of relationships, enriched by shared values and motivated by the fundamental human desire to be part of something greater. We seek opportunities to build a more diverse, equitable, and inclusive community for our colleagues, partners, customers, and neighbors. When we provide opportunities for all, not only do we allow for productive communities to form and flourish, but we also create economic success.

COMMITMENT TO AFFORDABLE HOUSING

With 8% of River District housing dedicated to affordable housing development and investment in the 2020 and 2023 Charlotte Housing Impact Fund to create and preserve naturally occurring affordable housing.

TREE FOR A KEY Program

Supporting organizations that ensure all members of the community have access to the health and environmental benefits that trees provide. Crescent Communities has plated thousands of trees across the country.

PUBLIC ART PROGRAM

We work with local artists to design murals and other public art to include in communities.

DEDICATED TO THE COMMUNITY with thousands of employee hours spent volunteering and each member of executive leadership serving on Non-Profit Boards.

Wellness

We invest to create environments that support physical and emotional well-being. When we design communities where healthy choices are easy to make, we in turn support the well-being of every person who lives, works, and plays there. The places we create then become the catalyst for a healthier and happier lifestyle not only for our residents and tenants, but for our colleagues and the greater community.

Resiliency

Our culture of resilience is demonstrated by our approach to community development and our overall business strategy. To create communities that remain relevant and prosperous over time, we balance our vision and values with flexibility to adapt. Focusing on a foundation of resiliency allows us to seed communities that will sustain and continue to thrive long after our involvement ends. The cultivation of diverse yet synergistic lines of business supports a strategy that is both robust and resilient, yielding consistent results.

OUR CULTURE

We strive to focus on the relationships within our company, helping every Associate reach their fullest potential

While no two jobs and no two days are the same at Crescent Communities, colleagues are valued for their individual and collective contributions to achieving the company’s goals. Our colleagues are rewarded with a challenging and entrepreneurial work environment, a collaborative and open culture, competitive rewards, and a flexible benefits program that provides an array of options to meet our colleagues’ changing needs.

Challenging Work and Projects

Collaborative Environment

Work Life Balance Crescent Communities Cares – Give Back to the Community Lunch & Learns

Summer Hoopla College

Colors Day

Bring Your Kids to Work Day

Yoga & Fitness Classes

Summer Hours Crescent Go-Day

Our colleagues are encouraged to expand their skills and make a positive impact on the company, as well as the community and people they serve. Our success as a company is driven by our most important asset – our colleagues. It’s their ability to think differently, to innovate, to work hard, and to act as a team that enables us to build unsurpassed communities time and time again.

With over 24 million square feet of commercial space, and approximately $2.8 billion in completed mixed-use communities, we know our numbers well and our tenants even better.

As one of the few commercial developers equipped to tackle everything from 30+ story office buildings, to industrial spaces designed for efficiency, we’re uniquely prepared to bring your vision to life. Whether you’re looking to create a small niche office or a build-to-suit development with world-class amenities, we’ll make sure you’re poised for success with thoughtful design, careful planning and flawless execution. Because with Crescent Communities Commercial, you don’t just have a developer – you have a partner.

Distribution of SF In Portfolio

Developed over 24M SF office, mixeduse, industrial and life science communities representing nearly $2.8B of total investment

49% Office

51% Industrial/ Life Science

Additional 1,400 acres of land at The River District masterplanned community to be developed with office, residential, and mixed-use components

We merge big-company resources with the passion and attention to detail of a boutique firm.

Piedmont Town Center Charlotte, NC

One & Two Potomac Yard Arlington, VA

Commercial Overview

OVERVIEW

THE YIELD Way

By combining our Commercial platform capabilities –industrial, office and community planning – we can provide a unique perspective by listening to the market and by being responsive to the needs of innovative and technology companies seeking speed-to-market and high quality, campus-like settings with access to both infrastructure and talent.

THE YIELD Vision

Our campuses are more than land and buildings; they become a community full of vibrant talent and energy. We shape communities. We shape lives. We shape innovation.

THE YIELD Focus

We are always looking ahead of the curve to offer the best locations, thoughtful design and the ability to seamlessly weave our campuses into the fiber of the existing community. We make the complex simple. We strive to positively impact communities and local economies. Through relationships, expertise and financial flexibility, we can deliver a real estate solution faster than our competitors.

A GREAT PLACE TO LIVE HOLLY SPRINGS

Crescent Communities values placemaking and thoughtfully planned, mixed-use communities. Holly Springs is a well-executed marriage of small-town charm meets the best of modern living boasting beautiful residential communities, shopping, dining, and outdoor recreation and is the third fastest growing county in the US.

Town of Holly Springs Community Video from their Economic Development Team HERE.

• Parks, greenways, golf courses, and recreation

Vibrant community programming •

Highly regarded schools

Variety of housing options

Ample local and regional retail and dining

Close to museums and performing arts venues

Holly Springs maintains a thriving ecosystem encompassing infrastructure, diverse talent, affordability, and quality of life.

Located in the Research Triangle Region, Holly Springs is at the center of the Triangle’s innovation hub. With neighbors like FUJIFILM Diosynth, CSL Seqirus, and Amgen, Holly Springs has emerged as one of the top biomanufacturing submarkets in the country. THE YIELD is perfectly positioned in a business-friendly environment and just minutes from major thoroughfares, charming downtown Holly Springs, beautiful residential communities, and ample retail. It is easy to see why Holly Springs is a magnet for top talent.

BUILDING

FEATURES & SPECIFICATIONS

Slab

First floor is “slab ready” for maximum utility And equipment load flexibility

Interior Clear Height

32 feet

Structure

Engineered to allow subdivision of space into Mezzanine level or a second floor

Bay Depths

33’ x 44’ optimal structure bays

Loading Docks

4 doors per 100k SF incorporated with 8 Additional knockout panels

Parking

2.5 spaces per 1,000 SF

BUILDING A

Status

Entitled & site plan approved

Design

Build-to-suit Space

Engineered to allow subdivision of space into mezzanine level or a second floor

Acreage +/- 16 acres

BUILDING J

Status

Under Construction – March 2023

Design

Build-to-suit

Timeline

• Ready for Tenant Upfit – Q1 2024

• Estimated Completion – Q2 2024

Space

91,000 SF innovative manufacturing building

Acreage +/- 17 acres

CAMPUS & AREA AMENITIES

THE YIELD Holly Springs campus will contain a community full of talent and energy thanks to our placemaking, planned amenities, and green spaces. Created with the end users in mind, here are some of the key features at THE YIELD Holly Springs that allow for creativity and fresh thinking:

• Designated areas for food trucks and events

• Outdoor workstations and seating •

Greenways

Social lawn

Pocket parks

Seating and connected walking paths throughout • Walkable to local dining, shopping, and entertainment

• Variety of housing options within 5 miles of the campus

THE YIELD Holly Springs – Available Opportunities

Holly Springs, NC

Introduction THE YIELD Holly Springs is an impressive mixed-use campus with up to 2 million SF of life science, leading-edge manufacturing, office, lab, and retail space located in the town of Holly Springs. This unique opportunity is in the core of the Triangle’s innovation hub and wellpositioned to capture the Triangle Region’s best talent.

Master Developer Oversees all aspect of the design, construction and leasing efforts for the master planned campus

Development Program

• 150-acre mixed-use campus

• Up to 2 million SF of office and lab space

• 10+ building campus, dedicated to life science and manufacturing space

Partnerships Through Crescent Communities’ partnership with Nuveen, a TIAA company, one of the world’s largest real estate investment managers, we continue to deliver THE YIELD Holly Springs and expand to a second phase of 322k SF of speculative innovative commercial space that’s part of a larger campus and grow Crescent Communities’ life science presence in the Triangle. Nuveen Real Estate has a proven performance record across a range of portfolio offerings for more than 120 years and has been revolutionizing responsible investing for over 50 years, with a focus on embedding environmental, social, and governance factors into investment research, due diligence, portfolio construction, and ongoing monitoring.

THE YIELD Holly Springs – Completed

Holly Springs, NC

Introduction Phase 1 of THE YIELD Holly Springs sold in December 2022 to affiliates of Apollo Global Real Estate Management and GeneSuites. Phase 1, which showcased 210,000 SF of biomanufacturing space between two buildings and over 25 acres, is the first phase of Crescent Communities’ larger 150-acre, life science campus positioned in the Town of Holly Springs. Following the acquisition, Apollo and GeneSuites have rebranded this Phase 1 as Catalyst BioCampus.

Master Developer Oversees all aspect of the design, construction and leasing efforts for the life science campus Status

THE YIELD North

Holly Springs, NC

Introduction THE YIELD North is a secure and accessible life science campus positioned within the Friendship Innovation District in Holly Springs, NC and located approximately 20 miles southwest of Raleigh, in the heart of one of the fastest-growing regions of North Carolina.

Master Developer Oversees all aspect of the design, construction and leasing efforts for the life science campus

Development Program

• 83-acre life science campus

• Up to 1.3 million SF of biomanufacturing, lab, office and flex space

• Multiple building opportunities, including headquarters campus, build to suit and lease options

SUSTAINABILITY

LEED - READY

Sustainability Goals & LEED

Crescent Communities will help guide tenants to achieve LEED certification and will provide Tenant Guidelines for Sustainability and Wellness.

• Current Shell Design – Eligible for 10 LEED credits

• Tenant-Dependent Design – Over 60 credit options available LEED certification requires a minimum of 40 credits.

Features included in Base Building Design

Capitalizing on our expertise in the development of high-performing buildings that emphasize well-being and productivity, Crescent Communities is eager to work with prospective tenants to incorporate principles of environmental sustainability and wellness within the design, construction, and operations of THE YIELD Holly Springs and THE YIELD North.

• EV ready parking spaces

• Solar panel/PV readiness

• Reduction of carbon emissions by including fly ash in precast panels

• Native species for landscaping

• Reclaimed system for irrigation

• Minimizing parking

DEVELOPMENT TEAM

Brendan Pierce

President, Commercial

Brendan Pierce joined Crescent Communities in 2020 and currently serves as the President of Commercial and The River District Company. Brendan oversees the development, acquisition and disposition of commercial projects including office, industrial and life science across the East and West regions of the United States. Crescent Communities’ Commercial portfolio currently consists of 3.7 million square feet under construction and operating and 7.3 million square feet in planned future projects. The total development cost of this portfolio is over $2.5 Billion. He also serves as a member of the Crescent Communities Investment Committee, where he collaborates with senior leaders to implement new projects and govern corporate strategy. At Crescent Communities, Brendan previously held the position of Senior Managing Director of Commercial Development.

Previously, Brendan served as Office Development Partner at The Keith Corporation, a full-service commercial real estate firm headquartered in Charlotte where was responsible for sourcing development and acquisition ventures throughout the United States and abroad. Pierce also managed leasing for The Keith Corporation’s office portfolio. He began his development career in Washington DC with Clark Real Estate Advisors.

With over 20 years of commercial real estate development and brokerage experience, Brendan has developed and acquired over 2.6 million square feet of commercial real estate valued at $1.3 Billion.

Brendan has a distinguished record of community involvement, including his past service as President for the Charlotte NAIOP Chapter. He has been a member of various non-profit boards of directors and is the Founder of F3 Foundation. Previously active with the Greater Charlotte YMCA, Brendan was a recipient of the prestigious George Williams Award, recognizing outstanding volunteer service. An avid athlete, Brendan is a coach for his children and an amateur mountain climber.

Chase Kerley

Managing Director, Life Science & The River District

Chase Kerley joined Crescent Communities in 2016 and currently serves at Managing Director of Life Sciences & the River District for Commercial. Chase is responsible for land acquisition, entitlement, and development. His primary responsibility is leading all Life Science pursuits across the United States and managing The River District - a development of 8M SF of office, 5,000 homes and apartments, 500k SF of retail, and 1000 hotel rooms in Charlotte, NC. Previously at Crescent Communities, Chase served as Director of Land Acquisition and Development.

Chase has over 16 years of experience in commercial and residential acquisition and development having lead development for 2.1M SF of Life Science space, 1.4M SF of industrial, and over 8,200 residential units across the southeast.

Prior to Crescent Communities, Chase was the VP of Land Acquisition for Shea Homes where he led acquisition and development efforts for eleven years across NC and SC.

Chase serves active roles within ULI, HBA, and NAOIP.

Chase earned a Bachelor of Science in Business Management and Finance from North Carolina State University. Chase holds his real estate license in both North and South Carolina.

Elizabeth McMillan joined Crescent Communities in 2002 and currently serves as Vice President of Development. Elizabeth is responsible for entitlement, predevelopment and execution of developments across the commercial platform. Focused mainly in the Carolinas, Elizabeth has completed successfully, with no oppositions, over 12 rezonings and developed over 2200 acres and 9 million sf. Responsible for public private partnerships, Elizabeth has successfully negotiated over $40 million in public incentives. Elizabeth’s notable projects at Crescent Communities include: Potomac Yard, Belgate, Ally Charlotte Center, The River District, The Yield and Elizabeth on Seventh, among others. At Crescent Communities, Elizabeth previously held the positions of Director of Development, Project Manager, Assistant Project Manager and Marketing Specialist.

Elizabeth is the current Chair for ULI Charlotte and a member of the Charlotte Mecklenburg Planning Commission. She also is a graduate of Leadership Arlington and past board member of University City Partners and the Junior League of Charlotte, a nonprofit women’s group aimed at organizing and promoting volunteer activities in the community.

Elizabeth earned her Bachelor of Arts in Journalism and Mass Communication from the University of North Carolina at Chapel Hill and is a LEED Accredited Professional and a licensed real estate broker in North and South Carolina.

Elizabeth McMillan

Vice President of Development

OVERVIEW

1,400 Additional 1,400 acres of land at The River District masterplanned community to be developed with office, residential, and mixed-use components

Ally Charlotte Center Charlotte, NC Heritage Park Gilbert, AZ Carson & Tryon Charlotte, NC

Elizabeth on Seventh Charlotte, NC

Garren on Kimball Alpharetta,

OFFICE FOOTPRINT

2.

AWARDS & ACCOLADES

Our most recent achievements.

ALLY CHARLOTTE CENTER

2021

• ABC Carolinas | Eagle Award

• Business NC Awards

• Charlotte Business Journal Heavy Hitters | Top Mixed-Use Development

• ENR Southeast | Best Project Award of Merit

• IIDA Carolina Design Works Award

• ULI Crane Watch

2022

• Aurora Awards | Best Commercial Project, Best Mixed-Use Project

• Sustain Charlotte | Charlotte Sustainability Awards

• USGBC North Carolina and USGBC South Carolina | Health and Well-Being Project Award

• USGBC North Carolina and USGBC South Carolina | People’s Choice Award

ELIZABETH ON SEVENTH

2022

• City of Charlotte & UNC Charlotte School of Architecture | Great Urban Architecture

ENTERPRISE CAPABILITIES

OUR LEADERSHIP

OVER 155 YEARS OF COMBINED DEVELOPMENT EXPERTISE

Our team has over 155 years of combined development expertise and is led by a seasoned leadership team with extensive industry experience, a strong network of relationships and experience through multiple real estate cycles

spaces that have an unmatched sense of place.

Jay Curran President, Multifamily Jason Labonte Chief Investment Officer

Brian Natwick Chairman and CEO

Brendan Pierce President, Commercial Kevin Lambert Chief Financial Officer

Daniel Cooper President, Construction Tracy Chambers Chief People Officer

Heather Kels Chief Accounting Officer

ENTERPRISE SNAPSHOT

CULTURE-DRIVEN ORGANIZATION that attracts and engages industry leading talent across multiple product segments

Active Dollar Volume $2.5B

*NOVEL Midtown Atlanta Atlanta, GA

RENDER Covington Atlanta, GA

NOVEL West Midtown Atlanta, GA

NOVEL Harpeth Heights Bellevue, TN

*NOVEL University Place Charlotte, NC

*NOVEL Ballantyne Charlotte, NC

NOVEL Mallard Creek Charlotte, NC

*NOVEL Cary Raleigh, NC

NOVEL Morrisville Raleigh, NC

NOVEL Turtle Creek Dallas, TX

*NOVEL RiNo Denver, CO

OUR APPROACH to investment sourcing, planning and design, entitlement and execution creates market premiums and superior absorption

$7.3B

UNIQUE EXPERTISE and proprietary development processes deliver high-quality, differentiated developments in desirable locations with premium valuations

$3.4B

FINANCIALLY AND CRITICALLY successful multifamily and commercial developments in multiple markets

$3.9B Active Development Future Pipeline

*NOVEL Uptown Denver, CO

NOVEL White Farm Fence Denver, CO

*NOVEL River Oaks Houston, TX

Commercial Developments

*NOVEL Edgehill Nashville, TN

NOVEL Nona Orlando, FL

NOVEL Parkway Orlando, FL

NOVEL Beach Park Tampa, FL

NOVEL Indy Park Tampa, FL

*RENDER Legacy Trail Sarasota, FL

*NOVEL Val Vista Phoenix, AZ

*NOVEL Daybreak Salt Lake City, UT

HARMON Foxbank Charleston, SC

*HARMON Ballantyne Charlotte, NC

HARMON Five Points Charlotte, NC

*HARMON Legacy Trail Sarasota, FL

NOVEL Scott Addition Richmond, VA

*NOVEL 14th Street Washington, DC

Active Dollar Volume $916MM

One Independence Center Charlotte, NC

Escent Research Park Charlotte, NC

Carson & Tryon Charlotte, NC

AXIAL Bonds Farm Charlotte, NC

Elizabeth on Seventh Charlotte, NC

The River District Charlotte, NC

One University Place Charlotte, NC

THE YIELD Phase I Raleigh, NC

THE YIELD Phase II Raleigh, NC

SouthCourt Raleigh, NC

AXIAL Builders Solutions Group, Archdale, NC

AXIAL Crosspoint Greenville, SC

AXIAL Southgate 77, Rock Hill, SC

AXIAL 301 Manatee Tampa, FL

Heritage Park Phoenix, AZ

$1.39B

OUR FOOTPRINT & PLATFORM

HIGHLY DESIRABLE GEOGRAPHY.

17 Markets

9 Offices

Charlotte, NC

Raleigh, NC

Washington, DC

Richmond, VA

Greenville, SC

Charleston, SC

Atlanta, GA

Orlando, FL

Tampa, FL

South Florida

Nashville, TN

Dallas, TX

Austin, TX

Houston, TX

Denver, CO

Salt Lake City, UT

Phoenix, AZ

Integrated platform and expertise in sourcing, entitlement, design, finance, development, construction, amenity creation, marketing, leasing and asset management.

PURSUING A MORE THOUGHTFUL APPROACH TO DEVELOPMENT.

Crescent Communities embraces a fully integrated approach to development that is focused on creating the most extraordinary places to live. By finding new ways to make a difference in our consumer’s lives, we’ll continue to help connect people with their neighborhoods through programming and activities and uphold our commitment to respecting the land and environment that has guided the more than 69 signature multifamily communities we have completed to date.

A FOCUS ON PLACE MAKING WITH DELIBERATE USES TO BETTER LIVES.

More than 40% of our multifamily communities have embraced a mixed-use component. From food and beverage to soft goods to national grocers, we get to the core of what a community needs and deliver spaces that add to our residences, and the community.

Elizabeth on Seventh Charlotte, NC

CAPITAL PARTNERS

BUILDING ON MORE THAN 50 YEARS OF SUCCESS.

Crescent Communities is owned by Sumitomo Forestry America, Inc., a comprehensive housing and wood products corporation and wholly-owned subsidiary of Sumitomo Forestry Co., Ltd. Crescent Communities enjoys an improved capital structure with no corporate debt outstanding, approximately $600MM in total assets, $3.3 billion in total project capitalization, and $250MM in total liquidity to make substantial new investments.

Crescent Communities’ Capital Relationships

Include:

Ally Charlotte Center Charlotte, NC

OUR LEGACY

By looking to our past, we find inspiration for the future.

For over half a century, we have been dedicated to creating communities that are designed to prosper. Our company has grown each year because our developments have grown with us.

1939 Duke Power establishes a forestry department to steward 270,000 acres of undeveloped land

1963-1969

Duke Power forestry department becomes known as South Carolina Land & Timber Company and then later renamed Crescent Land & Timber.

1989 Crescent Land & Timber is renamed Crescent Resources as it begins to actively develop master-planned communities

1990 Crescent Resources’ first commercial development, Coliseum Centre, breaks ground in Charlotte, NC

20 02 Crescent Resources’ first multifamily community, Crescent Crosstown, breaks ground in Tampa, FL

20 06 Crescent Resources becomes a separate entity as Duke Energy sells its majority stake

2 013 Crescent Resources rebrands to become Crescent Communities

2 017 Crescent Communities’ luxury multifamily brand, NOVEL, is established

2018 328-year-old, Tokyo-based Sumitomo Forestry becomes principal shareholder

2021 Portfolio expands with the launch of two additional brands:

RENDER, Mid-Market Multifamily HARMON, Single-Family Build-to-Rent

2022 Portfolio expands with the launch of Industrial brand, AXIAL

2023 Portfolio expands with the launch of Life Science brand, THE YIELD

PROJECT BEYOND

TRIANGLE BUILD-TO-SUIT DEVELOPMENT OPPORTUNITIES

MAY 2023