{ "crd_number": 158397, "slug": "crescent-real-estate-llc-fort-worth-tx-158397", "primary_business_name": "CRESCENT REAL ESTATE LLC", "legal_name": "CRESCENT REAL ESTATE LLC", "dbas": [], "city": "Fort Worth", "state": "TX", "country": "United States", "cbsa_code": "19100", "metro": { "cbsa_code": "19100", "common_name": "Dallas", "msa_name": "Dallas-Fort Worth-Arlington, TX", "path": "/advisors/tx/dallas" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-03-16", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-09-23", "carried_forward": false, "raum_total": 5113386114.0, "raum_discretionary": 3877661409.0, "raum_non_discretionary": 1235724705.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 113, "advisory_employees": 34, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 5113386114.0, "count": 43 } }, "compensation_types": [ "fixed", "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CO", "TX" ], "websites": [ "https://crescent.com", "https://facebook.com/crescentrealestatellc", "https://linkedin.com/company/crescentrealestatellc" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158397", "city_as_filed": "FORT WORTH", "url": "https://advisorcensus.com/firm/crescent-real-estate-llc-fort-worth-tx-158397", "display_name": "Crescent Real Estate LLC", "summary": "Crescent Real Estate LLC is an SEC-registered investment advisory firm in Fort Worth, TX, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 23, 2026.", "citation": "AdvisorCensus. Crescent Real Estate LLC (CRD 158397): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Crescent Real Estate LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Crescent Real Estate LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other." }, { "q": "Where is Crescent Real Estate LLC located?", "a": "Crescent Real Estate LLC's principal office is in Fort Worth, TX, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Crescent Real Estate LLC registered with the SEC or a state?", "a": "Crescent Real Estate LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 158397." }, { "q": "How much does Crescent Real Estate LLC manage?", "a": "Crescent Real Estate LLC reports $5,113,386,114 in regulatory assets under management in its Form ADV filing dated September 23, 2026 (76% discretionary)." }, { "q": "How have Crescent Real Estate LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Crescent Real Estate LLC: Regulatory assets under management: $3,690,915,769 in the October 2021 data and $5,113,386,114 in the October 2026 data, up 39%. Total employees: 107 in October 2021 and 113 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Crescent Real Estate LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (43)." }, { "q": "Does Crescent Real Estate LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158397" }, { "q": "What changed in Crescent Real Estate LLC's recent Form ADV filings?", "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3690915769.0, "total_employees": 107, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 4846763450.0, "total_employees": 107, "filing_date": "2022-08-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3931998774.0, "total_employees": 96, "filing_date": "2023-06-22" }, { "period": "2024-10-01", "regulatory_assets_under_management": 4667010550.0, "total_employees": 99, "filing_date": "2024-05-10" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4316644320.0, "total_employees": 97, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5113386114.0, "total_employees": 113, "filing_date": "2026-09-23" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 35 to 34.", "Regulatory assets under management went from $4,316,644,320 to $5,113,386,114 (+18%).", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/crescent-real-estate-llc-fort-worth-tx-158397.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 43, "fewer_than_5": false, "raum": 5113386114.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158397", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }