Crescent Heights
Crescent Heights is a privately held, vertically integrated urban real estate developer that designs, builds, owns, and self-manages architecturally distinctive luxury high-rise residential and mixed-use properties across major US gateway cities, serving affluent urban professionals, families, and institutional tenants.
- Company typePrivate
- Founded1986
- HeadquartersMiami, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Crescent Heights does
Crescent Heights is a privately held, vertically integrated urban real estate developer founded in 1986 and headquartered in Miami, Florida. The company develops, owns, and self-manages architecturally distinctive luxury high-rise residential and mixed-use properties concentrated in major US gateway cities including Miami, Chicago, San Francisco, Los Angeles, Seattle, Boston, and New York. Crescent Heights serves affluent urban professionals and families through branded property lines such as NEMA (lifestyle apartments in Chicago, San Francisco, and Boston), Ten Thousand (Beverly Hills/Century City), and Forma Miami (Edgewater), alongside standalone luxury developments like 11th & Olive, Jasper, Palladium Residences, 524 Howard, 10 South Van Ness, 640 W. Washington, and the planned 4th & Columbia tower in Seattle. The stabilized portfolio comprises more than 4,600 residential units across these assets, with additional for-sale condominium product including Ten Thousand and the newly launched 14 Roc project in downtown Miami.
Revenue is generated through three primary streams: recurring monthly residential rental income from self-managed luxury properties (Forma Miami is 97% leased), recurring commercial/retail tenant income from curated ground-floor and anchor tenants (Whole Foods Market at Forma Miami, a 35,000-square-foot Equinox at Brickell Heights), and one-time condominium sales from for-sale developments. Crescent Heights deploys proprietary resident-facing technology including a predictive service app with beacon-based personalization, the CHARLEY butler-robot (an early residential deployment), smart-home automation with keyless entry and smart thermostats, and gigabit internet infrastructure. The firm is operationally distinguished by vertical integration spanning acquisition, entitlements, architecture, development, asset management, and self-management, with deep, multi-decade capital relationships across Goldman Sachs, Morgan Stanley, Bank of America, JP Morgan, HSBC, Blackstone, Citi, UBS, Deutsche Bank, Barclays, Wells Fargo, and Bank of China.
Crescent Heights firmographics
Firmographics- Name
- Crescent Heights
- Legal name
- Crescent Heights IP, LLC
- Website
- https://crescentheights.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Crescent Heights is a privately held, vertically integrated urban real estate developer that designs, builds, owns, and self-manages architecturally distinctive luxury high-rise residential and mixed-use properties across major US gateway cities, serving affluent urban professionals, families, and institutional tenants.
- Ownership category
- akta.pro rank
Crescent Heights industry classification
Industry- Product category
- Luxury Urban Real Estate Development
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), Real Estate and Rental and Leasing (53), Rental and Leasing Services (532)
- SIC
- Real Estate Operators (No Developers) & Lessors (6510), Real Estate (6500), Operative Builders (1531)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
- akta.pro secondary industries
- Premium Condos, Penthouses & High-End Apartments (THAMAEAC), Luxury Serviced Residences (THAGAEAJ)
Keywords
Where Crescent Heights is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Crescent Heights business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Residential Rental Income: Primary revenue stream from leasing luxury rental residences across their portfolio of high-rise properties in major US cities. Properties include NEMA Chicago (800 residences), NEMA San Francisco (754 residences), Ten Thousand (283 residences), and numerous others. Self-managed with in-house property management teams.
- Commercial/Retail Tenant Income: Revenue from retail and commercial tenants within mixed-use properties. Examples include Whole Foods Market at Forma Miami, Equinox fitness center at Brickell Heights (35,000 sq ft), and various other retail spaces totaling tens of thousands of square feet across the portfolio.
- Condominium Sales: Some properties are developed as condominiums for sale, such as Ten Thousand (sold briskly setting record per-square-foot prices in Los Angeles), The Remington (93 residences sold), and various other condo developments in the portfolio.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Luxury rental residences with extensive amenities and hospitality-style services |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Crescent Heights product offering
Product offeringCore offering
Crescent Heights develops, owns, and operates architecturally distinctive luxury mixed-use high-rise residential properties in major US gateway cities. Revenue is generated primarily through recurring monthly rental of luxury apartment residences, supplemented by condominium unit sales and ground-floor retail/commercial tenant leases, with the company self-managing all properties through in-house teams and a proprietary technology platform.
Product overview
Crescent Heights operates as America's premier urban real estate developer specializing in architecturally distinctive mixed-use high-rise residential properties across major U.S. cities. The company's portfolio consists of multiple branded residential product lines: the NEMA lifestyle apartment brand spanning Chicago, San Francisco, and Boston; the luxury Ten Thousand brand in Los Angeles; the Forma Miami wellness-focused residence; and various standalone residential towers including 11th & Olive, 10 South Van Ness, 4th & Columbia, Jasper, Palladium Residences, 524 Howard, and 640 W. Washington. Properties share unifying elements including artful design, world-class architecture, thoughtful lifestyle programming, technological optimization, and white-glove services, while each project is tailored to reflect local culture and environment. Crescent Heights maintains vertical integration across acquisition, entitlements, architecture, development, asset management, and operations.
Differentiator
Problem solved
Functional benefit
Brands
- NEMA: Multi-city lifestyle apartment brand featuring thoughtful design, extensive amenity collections, and personalized tech-powered service. Properties include NEMA Chicago, NEMA San Francisco, and NEMA Boston.
- Forma
- Ten Thousand
- Crescent Heights Retail
Products and services
- NEMA Chicago
Quantifiable outcome
- 97% leased for Forma Miami tower
- +3 more outcomes
Companies that use Crescent Heights
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles3 records
Crescent Heights technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Crescent Heights partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core.
- Rafael Viñoly ArchitectscoreStrategic collaboration for NEMA Chicago (76-story tower) and 1370 NE 2nd Ave (43-story serpentine tower). Described as world-renowned architect with whom Crescent Heights works closely on iconic projects.
- KPF (Kohn Pedersen Fox)coreHighly acclaimed architectural firm in strategic collaboration with Crescent Heights for award-winning buildings.
- ODAcoreArchitectural firm led by Eran Chen working on 11th & Olive project in downtown Los Angeles.
- GenslercoreGlobal architecture firm collaborating on 1901 Minor project in Seattle's Denny Triangle.
- ArquitectonicacoreSignature architecture by Arquitectonica for Forma Miami property in Edgewater.
- Stanley SaitowitzcoreAward-winning architect designing Jasper (San Francisco) and Palladium Residences (Los Angeles).
- Handel ArchitectscoreArchitecture firm for Ten Thousand (Los Angeles), 524 Howard (San Francisco), and other properties.
- David RockwellcoreDistinguished designer bringing talent and vision to interiors of Crescent Heights buildings including Forma Miami and NEMA Chicago.
- Rockwell GroupcoreInterior design by Rockwell Group for Forma Miami and Brickell Heights projects.
- Shamir Shah DesigncoreInterior designer for Ten Thousand and Hanley New York projects, bringing refined aesthetic sensibility.
- Whole Foods MarketcoreAnchor tenant at Forma Miami property, bringing wellness-focused convenience and grocery retail to the residential community. Located within the building.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Crescent Heights competitors and assessment
Company assessmentBroad incumbents
- AvalonBay Communities: Large public multifamily REIT with urban and suburban Class A properties in coastal US markets. Comparable high-end multifamily operations at scale but broader and less luxury-specialized.
- Equity Residential: Public REIT focused on urban/high-density Class A multifamily in gateway US cities (NYC, SF, Boston, LA, DC). Comparable urban luxury positioning but operates as a public REIT rather than private developer.
- Essex Property Trust: West Coast-focused multifamily REIT with concentrated exposure to California (LA, SF, Seattle). Geographic overlap with Crescent Heights' California portfolio and comparable urban Class A positioning.
- Lincoln Property Company: Major US multifamily developer and third-party manager. Comparable scale and integrated development/management model, though less luxury-specialized than Crescent Heights.
- Greystar Real Estate Partners: Largest US multifamily operator/developer (~800K+ units managed). Comparable operating model and third-party property management capabilities, though broader and less luxury-focused than Crescent Heights.
Direct peers
- The Durst Organization: Family-owned NYC luxury high-rise developer (One57, Bjarke Ingels-designed towers). Comparable scale, vertical integration, and luxury multifamily focus in supply-constrained gateway markets.
- Tishman Speyer: Global real estate developer and owner-operator with significant luxury high-rise residential exposure (e.g., The Spiral, MoMA Tower). Closely matches Crescent Heights' vertical integration model and gateway-city focus.
- Mill Creek Residential: Privately-held multifamily developer focused on Class A urban and suburban rental communities in major US markets. Comparable scale, integrated development/management, and gateway-city focus.
- The Related Companies: Major privately-held luxury mixed-use high-rise developer in NYC and gateway US cities (Hudson Yards, Time Warner Center). Directly comparable as a vertically-integrated developer of architecturally-distinctive luxury residential towers.
Others
- JLL (Jones Lang LaSalle): Global real estate services firm providing investment sales, capital markets, and property management. Adjacent service provider and lender counterparty rather than direct competitor, but operates in the same luxury urban real estate ecosystem.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Crescent Heights social profiles
Digital presenceCrescent Heights financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crescent Heights leadership team
Management profileNumber of profiles
Profiles3 records
Crescent Heights funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crescent Heights M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crescent Heights
What does Crescent Heights do?
Crescent Heights develops, owns, and operates architecturally distinctive luxury mixed-use high-rise residential properties in major US gateway cities. Revenue is generated primarily through recurring monthly rental of luxury apartment residences, supplemented by condominium unit sales and ground-floor retail/commercial tenant leases, with the company self-managing all properties through in-house teams and a proprietary technology platform.
Is Crescent Heights a public or private company?
Crescent Heights is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Crescent Heights founded?
Crescent Heights was founded in 1986. It employs 251 to 500 people.
Where is Crescent Heights based?
Crescent Heights is headquartered in Miami, United States, in the North America region.
How does Crescent Heights make money?
Three revenue lines are on record. Residential Rental Income is the primary driver. The others are commercial/Retail Tenant Income and condominium Sales.
Who are Crescent Heights's main competitors?
Broad incumbents on record are AvalonBay Communities, Equity Residential, Essex Property Trust, Lincoln Property Company and Greystar Real Estate Partners. Direct peers are The Durst Organization, Tishman Speyer, Mill Creek Residential and The Related Companies. JLL (Jones Lang LaSalle) is listed as an others.
Does Crescent Heights have an API?
No public API is recorded for Crescent Heights.
What industry is Crescent Heights in?
Crescent Heights's product category is Luxury Urban Real Estate Development. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of THAMAEAC, Premium Condos, Penthouses & High-End Apartments. Its NAICS code is 53111 and its SIC code is 6510.