CRG Real Estate Solutions

What CRG Real Estate Solutions does

CRG Real Estate Solutions is a privately held national real estate development and investment firm founded in 1993 and headquartered in Chicago, operating as a subsidiary of design-build parent Clayco. The firm develops and invests in industrial, multifamily, student housing, office/institutional, and data center projects across North America, executing through two proprietary brands: The Cubes (industrial logistics) and Chapter (multifamily and student housing). Since inception it has developed more than $14 billion in assets across 220 million square feet and 12,500+ acres, supported by seven regional offices in Chicago, St. Louis, Atlanta, Conshohocken, Phoenix, Tustin, and Gig Harbor.

The firm's underlying technology is a vertically integrated delivery platform that combines internal design (Lamar Johnson Collaborative), concrete self-perform (Concrete Strategies), and general construction (Clayco), enabling end-to-end control from site selection through delivery. Capabilities include 3D as-built drawings for clash detection and feasibility analysis, proprietary The Cubes specifications (clear heights, dock doors, trailer storage, sustainability), standardized Chapter interior and amenity packages, and a track record of LEED Platinum (Zurich North America HQ) and LEED Gold (Centene Plaza) certifications. Seven regional teams provide localized execution while sharing national capital, design, and construction resources.

CRG's business model combines real estate development (development fees, property sales, build-to-suit and speculative leasing) with an investment management platform that allows outside investors to participate in projects and dedicated funds. Capital is raised through vehicles such as U.S. Logistics Fund I (2018 vintage, $421M deployed) and U.S. Logistics Fund II (closed June 2022 with $300M LP commitments and a $1.5B+ total deployment target). Enterprise customers span retail/wholesale (Costco, Dart Container), financial services (Zurich North America, CitiMortgage), healthcare (Centene), manufacturing (Worldwide Flight Services, Daedex, States Manufacturing), and institutional/office clients (Pfizer), with institutional LPs participating via fund vehicles. Day-to-day leadership rests with President Shawn Clark; Bob Clark serves as Founder, Chairman, and CEO of parent Clayco.

Name

CRG Real Estate Solutions

Legal name

CRG

Website

https://realcrg.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

CRG Real Estate Solutions is a privately held, vertically integrated real estate development and investment firm that develops industrial, multifamily, student housing, office, and data center projects across North America under proprietary brands The Cubes and Chapter.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Commercial real estate development
• Industrial real estate
• Student housing development
• Real estate investment management
• Multifamily development

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Real Estate Development: CRG develops industrial, multifamily, student housing, office, institutional, and data center projects throughout North America. Revenue generated through development fees, property sales, and lease-up activities. The firm has developed more than $14 billion in assets since 1993.
2. Investment Management: CRG offers opportunities for investors to invest alongside the firm in projects and funds. The company manages investment vehicles including U.S. Logistics Fund I and II, creating fee income from fund management and carried interest.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

CRG is a national real estate development and investment firm that delivers industrial, multifamily, student housing, office/institutional, data center, and master-planned projects across North America through a vertically integrated platform combining internal design, construction, and development teams. The firm also manages investment vehicles (U.S. Logistics Fund I and II) that allow institutional investors to participate alongside CRG in development projects. Two proprietary brands, The Cubes (industrial) and Chapter (multifamily/student housing), standardize quality and design across markets.

Product overview

CRG Real Estate Solutions is a privately held national real estate development and investment firm operating a vertically integrated platform that combines internal design, construction, and development teams. The company operates two primary product brands: The Cubes (industrial real estate brand focused on state-of-the-art speculative and build-to-suit warehouse/distribution facilities) and Chapter (upscale multifamily and student housing developments). CRG's core services span data center development, industrial development, student housing, multifamily residential, institutional/office projects, and master-planned communities throughout North America. The firm has developed more than $14 billion in assets across seven regional offices.

Differentiator

Problem solved

Functional benefit

Brands

• The Cubes: CRG's industrial brand representing the company's philosophy of developing for the demands of next generation industrial users. The Cubes are designed with emphasis on sustainability and state-of-the-art building specifications with consumer centric logistics strategies.
• Chapter

Products and services

• The Cubes Industrial Development
• Chapter Multifamily & Student Housing Development
• Data Center Development
• Industrial Development Services
• Student Housing Development
• Multifamily Development
• Institutional & Office Development
• Master Planned Development
• Real Estate Investment Management
• Chapter Madison Student Housing
• Chapter Eugene Student Housing

Quantifiable outcome

• $14B+ in assets developed since 1993
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• ClaycocoreStrategic or Co-development PartnerCRG's parent company and integrated design-build partner. Clayco provides construction services for CRG developments and is part of the Clayco Collective with Lamar Johnson Collaborative and Concrete Strategies.
• Lamar Johnson Collaborative (LJC)coreStrategic or Co-development PartnerArchitecture and design firm subsidiary of parent company Clayco. Serves as integrated design partner for CRG projects across industrial, multifamily, and commercial developments.
• Concrete StrategiescoreImplementation/ SI/ Consulting PartnerSubsidiary of Clayco that self-performs concrete framework using innovative sequencing plans. Partnered on major projects including Centene Plaza and CitiMortgage Headquarters.
• Shapack PartnersmajorStrategic or Co-development PartnerJoint venture partner for One Fulton Market development in Chicago's Fulton Market District. Shapack Partners oversees leasing of retail and office space at the project.
• Kenter CapitalmajorStrategic or Co-development PartnerDevelopment partner with CRG on multiple student housing projects including Chapter Eugene and Chapter Alder near University of Oregon.
• Hughes PropertiesmajorStrategic or Co-development PartnerDevelopment partner with CRG on Chapter Ann Arbor project near University of Michigan.
• The Koman GroupminorStrategic or Co-development PartnerPartnered with CRG on Centene Plaza development in Clayton, Missouri.
• CG SchmidtminorImplementation/ SI/ Consulting PartnerGeneral contractor for Chapter Mifflin student housing project in Madison, Wisconsin.
• John Hyland ConstructionminorImplementation/ SI/ Consulting PartnerGeneral contractor for Chapter Eugene student housing project in Eugene, Oregon.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Panattoni Development Company: One of the largest privately held industrial real estate developers in North America, directly comparable to CRG's The Cubes industrial platform in speculative and build-to-suit logistics/manufacturing facilities.
• Becknell Industrial: Private national industrial developer focused on speculative and build-to-suit distribution, manufacturing, and cold-storage facilities — overlapping with CRG's The Cubes product across similar end users and geographies.
• The Scion Group: Leading private student housing developer and operator focused on Tier-1 university markets — closely comparable to CRG's Chapter student housing brand in target school selection, unit scale, and amenitized product.
• CenterPoint Properties: Private industrial real estate investment and development company focused on logistics, e-commerce, and manufacturing infrastructure — directly comparable to CRG's USLF industrial strategy and The Cubes brand.

Broad incumbents

• Trammell Crow Company: Diversified commercial real estate developer (subsidiary of CBRE) with industrial, office, and multifamily practices — broader than CRG but comparable on integrated development platform and institutional build-to-suit execution.
• American Campus Communities: Largest publicly traded owner/developer of student housing properties in the U.S.; directly comparable to CRG's Chapter student housing development platform in Power-5 university markets, though at much larger scale.
• Lincoln Property Company: National diversified real estate developer and manager with multifamily, office, industrial, and student housing practices; comparable to CRG in multifamily (Chapter) and office/institutional development execution.
• Hines: Global privately held real estate developer and investment manager with diversified office, multifamily, industrial, and master-planned practices; comparable to CRG on integrated development plus investment management.
• Crow Holdings: Diversified national real estate investment and development firm with industrial (Crow Holdings Industrial), multifamily, and office platforms; comparable to CRG on vertically integrated industrial development and institutional fund management.
• Greystar Real Estate Partners: Global leader in multifamily and student housing investment, development, and management; closely comparable to CRG's Chapter multifamily/student housing focus and Tier-1 university market strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/crg_real_estate
• Facebookfacebook.com/CRGRealEstateDevelopment
• LinkedInlinkedin.com/company/11099195
• Instagraminstagram.com/crg_real_estate

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CRG Real Estate Solutions