CREA announced its 2019 results, including a record $852.2 million in equity closed and an additional $354.6 million in equity raised. Since inception, CREA has raised over $6 billion. The impact of CREA’s 2019 efforts span 26 states, where nearly 7,800 affordable homes will be preserved or created. Contributing to the total equity raised, CREA closed its largest-ever national fund, Fund 74, with commitments of $351.3 million. The fund supported the development of 32 properties with capital from 20 investors. CREA also closed $230 million in 14 active proprietary funds.
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