#United States #Charlotte, NC #Crescent Communities #Novel #Benjamin Collins

Crescent Communities Promotes Benjamin Collins

Crescent Communities has recently announced the promotion of Benjamin Collins to President of Multifamily, a pivotal role in steering the company's multifamily sector toward future growth. This transition comes following Jay Curran's elevation to Chairman and CEO, marking a significant shift in leadership.

Collins has a rich history with Crescent Communities, serving the organization for over 16 years. Initially, he played a crucial role in enhancing the company's presence in the Carolinas and subsequently extended their reach into key areas such as Washington, D.C., and Tennessee. His ascent to Managing Director and more recently to Executive Managing Director underlines his pivotal contributions in expanding the multifamily platform into the Western United States.

In his new role, Collins will be tasked with setting the strategic direction for Crescent’s multifamily division, which operates under the NOVEL brand. This includes overseeing all aspects of development, investment, and operations nationwide. Jay Curran acknowledges Collins's instrumental role in the growth of the multifamily business, emphasizing his leadership qualities, market insight, and commitment to excellence.

Under his leadership, Collins has successfully managed the delivery of 23,000 multifamily units and approximately 375,000 square feet of retail space, with an accumulated project valuation of $6 billion. His continued dedication to the mission of crafting high-quality, differentiated communities has been a cornerstone of Crescent Communities' brand ethos, enhancing the living experiences of residents and fostering meaningful community connections.

In a statement regarding his new position, Collins expressed his honor at taking on such a significant responsibility. He highlighted the unique approach of Crescent Communities in prioritizing placemaking as foundational to their business. This vision aligns with the aim of delivering long-term value to both residents and the communities at large.

Crescent Communities boasts a multifamily portfolio valued at $5.3 billion, encompassing over 23,574 residential units. Their reach spans various sectors, including commercial and mixed-use developments in some of the fastest-growing markets in the United States. Recent highlights from their multifamily developments include the successful leasing of NOVEL 14th Street in Washington, D.C., the groundbreaking of NOVEL Lulah Hills in Decatur, Georgia, and the leasing of NOVEL Davidson in Davidson, North Carolina.

The partnership between Curran and Collins has cultivated the remarkable growth of Crescent Communities’ multifamily sector over the past decade, solidifying its position as a leader within the industry. The company is confident in the strategic direction provided by Collins in this new capacity and looks forward to continuing its trajectory of innovation and excellence in community development.

Crescent Communities, known for its innovative and market-leading developments, reflects a commitment to high-quality community-building since its inception in 1963. With offices across numerous key cities, the company's broad spectrum of developments includes multiple branded multifamily projects, distinctly named NOVEL for urban developments, RENDER for suburban projects, and HARMON for build-to-rent offerings. Their commercial developments are encapsulated under branding such as AXIAL (industrial), THE YIELD (life science), and BOWER (office), showcasing the diverse nature of their portfolio.

As Collins steps into his new role, the future looks promising for the multifamily platform as it aims to continuously elevate community standards and perspectives in residential living. With a focus on placing people and community at the forefront, Crescent Communities is set to enhance its legacy of excellence in multifamily living.