Investment Management

CREA combines local intelligence with traditional and non-traditional data analytics to pinpoint residential and mixed-use properties for investment.

We creatively structure our investments to access real estate in the path of growth before the broader market.

years in operation
transaction volume
major markets

Leading the way in the
fastest growing cities.

We invest and develop in the nation’s top growth markets of population, urbanization, GDP, employment opportunity, housing value, cost of living and job growth. These include our primary markets: Austin TX, Dallas TX, Denver CO, Nashville TN, and Raleigh/Durham NC.

Our Strategy

Investment management

Over the last 25 years, CREA has raised ten investment funds from institutional investors and deployed over $7 billion of capital. We strive to maximize the net return to our investors. CREA achieves this through methodical site selection, hands-on value creation, and the reduction of costs through a fully integrated, more efficient platform. We protect capital through meticulous risk management and thoughtful portfolio construction.

High growth, resilient markets in the Southeast and Southwest – Austin, Denver, Nashville, Raleigh
Buying and building high-quality, more affordable urban infill communities
Single Family
Building single family rental communities at scale in suburban employment centers
Assembling mixed-use portfolios as part of a broader transformation of urban infill neighborhoods

We are opportunistic and nimble with a long history of executing on real estate through complicated land assemblages, off-market equity investments, distressed debt, and loan acquisitions.

Our History

Local focus is our edge.

1989 - 1992

Founders Steve Clark and Tim Clark form the Clark-Pilgrim Partnership on behalf of Harvard University endowment to buy RTC assets

Fund ONE


CREA founded, backed by four prominent endowments

Fund Two


Raised Fund Three

Fund Three


CREA makes its first investment in Denver, setting the stage for the Mile High City to become our second most active market today


Headquarters moved from Houston to Austin, TX


Execute the first investment in Austin, the firm’s most active market for nearly 20 years

Fund Four


CREA raises Cypress Realty V, broadening the investor base to include other endowments, foundations, pensions, and family offices

Fund Five


CREA assembles twelve land parcels off-market in the East Riverside Corridor of Austin which would later become Oracle’s cloud computing headquarters


Raised Fund Six

Fund six


CREA raises the first fund post-global financial crisis and the first of the  "CREA" funds

Fund Seven (CREA)


Acquired 1.88 acres in East Austin, two blocks east of I-35, and developed the Corazon Apartments


Raised Fund Eight (CREA I)

Fund Eight (CREA I)


CREA makes its 100th investment with the purchase of a site on Braker Lane near Austin’s Domain, which was subsequently developed into the Copeland Apartments


John Burnham and Dudley Simmons named as Managing Principals after almost a decade at CREA

Fund Nine (CREA II)


CREA Management founded


CREA raises its 10th fund amidst the firm’s 25th anniversary

Fund Ten (CREA III)