#USA #Fort Worth #Crescent Real Estate #Tiffany Payan #Anne Mahaffey

Crescent Real Estate Promotes Key Officers

Crescent Real Estate LLC, a prominent name in the U.S. real estate sector, is excited to announce the elevation of two essential members within its corporate framework. Tiffany Payan and Anne Mahaffey have been promoted, signaling their growing influence and contributions across the organization.

Tiffany Payan: Senior Vice President of Finance and Compliance

Tiffany Payan takes on the role of Senior Vice President of Finance and Compliance. Joining Crescent in 2016, she quickly became a crucial figure in the firm’s finance department, demonstrating exceptional capabilities in financial reporting, fund operations, and regulatory compliance. Her technical knowledge and commitment to excellence have solidified her status as a vital asset within the company.

In her newly expanded role, Payan will now oversee Crescent's compliance platform and will transition into the position of Chief Compliance Officer. Her responsibilities will encompass various critical functions, including quarterly financial reporting, tax compliance, valuation methodologies, and addressing complex inquiries from investors. With her in-depth understanding of Crescent's diverse investment platforms, she is well-equipped to support the firm’s ongoing expansion and adapt to its evolving business landscape.

A graduate of Texas Christian University, Payan holds both a bachelor's and a master’s degree in accounting, along with certification as a Public Accountant.

Anne Mahaffey: Vice President and Fund Controller

Simultaneously, Anne Mahaffey has ascended to the role of Vice President and Fund Controller. Since she joined Crescent in 2021, Mahaffey has proved to be an instrumental leader in the company's fund accounting and reporting sectors. Her efforts have played a significant role in managing fund audits, collaborating with third-party administrators, and enhancing investor communication.

In her new capacity, Mahaffey will spearhead Crescent's fund accounting endeavors while continuing to broaden her responsibilities in fund reporting, audit collaborations, and investor initiatives. Additionally, she will develop and manage the expanding fund accounting team, showcasing her technical expertise and dedication to investor satisfaction as paramount to her work.

Mahaffey holds both a bachelor’s and a master’s degree in finance from Texas A&M University, alongside her Public Accountant certification.

Company Update and Future Direction

Andrew Lombardi, Senior Managing Director and Chief Financial Officer, commented on the promotions, stating, "These advancements recognize two exceptional professionals whose efforts have reinforced Crescent’s finance and reporting framework. Tiffany and Anne have consistently exhibited outstanding leadership qualities, expertise, and a deep commitment to exceptional service. Their progression within the organization underscores our dedication to nurturing talent from within. We anticipate their continued impact and leadership in the years to come."

These strategic promotions embody Crescent's commitment to acknowledging the hard work of its contributors and creating pathways for future leaders within the organization. As Crescent Real Estate continues to thrive in an ever-expanding market, the contributions of these talented professionals will undoubtedly play a pivotal role in its success.

About Crescent Real Estate

Founded by John C. Goff, Crescent Real Estate LLC stands as an eminent real estate operating company and investment advisor, managing over $10 billion in assets. The firm is involved in the acquisition, development, and operation of a diverse range of real estate asset classes alongside institutional investors and high-net-worth clients. Boasting a distinguished portfolio that spans various sectors, from Class A office spaces to life sciences and hospitality, Crescent reinforces its stature in the competitive real estate environment across the U.S.

For more detailed information about Crescent Real Estate and its offerings, visit www.crescent.com.