Crescent Real Estate LLC on Jan. 30 announced the hiring of Scott Rodgers as vice president for development as the firm plans to increase its involvement in multifamily real estate.
Rodgers will focus on sourcing and developing multifamily projects nationally in Crescent’s targeted markets.
Crescent, based in Fort Worth, used the GP Invitation Fund I (GPI Fund), launched in 2016, to acquire multifamily assets in Texas, Illinois and Florida. The company’s current portfolio consists of more than 6,575 units of multifamily properties located in large metropolitan areas, with one location in Live Oak near San Antonio, Texas, and a location in Houston suburb League City. Other properties are in Chicago suburb Evanston, Illinois and Tampa, Florida.
Rodgers graduated from Texas A&M University with a Bachelor of Science Degree in Environmental Design and The University of Texas at Austin McCombs Graduate School of Business with an MBA in Real Estate and Finance. Prior to joining Crescent, Rodgers was manager and partner at Ascension Apartment Development LLC and a partner in Richman Ascension Development Group LLC. He was responsible for sourcing and developing luxury multifamily opportunities for Ascension and Richman in Dallas, Austin and the Denver metropolitan area.
Rodgers also developed properties with CLB Partners, First Worthing Company and JPI Development which ranged from institutional multifamily, condominium, townhome and mixed-use developments. Prior to his career in multifamily development, Rodgers had an architectural background and was employed by Cooper Carry & Associates in Washington, D.C. and Overland Partners in San Antonio.
In 2017, more apartments were added to inventory in the Dallas/Fort Worth Metroplex than any other metro in the country, according to Drew Kile, senior director at Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap.