DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

C••••••• R••• E••••• L••

Asset manager (funds and pooled vehicles)Fort Worth, TexasCRD 158397SEC 801-73629websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Feb 14, 2012 · 24 filings
SEC status approved since Mar 16, 2012
RAUM
$5.1B
reported, Item 5.F
Discretionary
76%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
113
34 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
43
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$5.1B as of Mar 31, 2026
Mar 27, 2013$2.3B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 27, 20130 then
Employees (5.A)113 as of Mar 31, 2026
Mar 27, 201313 then
Private funds43 as of Mar 31, 2026
Mar 27, 20131 then
RAUM +18% over the last fiscal year+4.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$119MderivedRAUM over accounts (5.F.2.f)
Discretionary
76%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+18%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$5.1B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
43reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      72 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      G••• 3•••• P•••••••• L•Real Estate Fund$829M79Mar 31, 2022
      G• I••••••••• F••• I•• L•Real Estate Fund$564M52Mar 29, 2019
      N•••••••• H•••• V•••••••• L•••Real Estate Fund$552M3May 14, 2020
      C••••••• R••• E••••• H••••••• L••no longer reportedReal Estate Fund$535M2May 14, 2020
      G••• F•••••••• L••no longer reportedReal Estate Fund$534M2Mar 29, 2018
      C••••••• U••••• H•••• P•••••••• L•Real Estate Fund$526M67Mar 31, 2022
      G••• A• O••••• V••••••• L•Real Estate Fund$440M61Mar 29, 2024
      G• I••••••••• F••• I••• L•Real Estate Fund$417M90Mar 31, 2022
      G••• I• I••••••••• L•Real Estate Fund$315M30Mar 29, 2019
      C••••••• U••••• H•••• I••••••••• L•Real Estate Fund$273M85Mar 31, 2022
      G••• C• P•••••••• L•Real Estate Fund$271M46Mar 31, 2022
      G••• H•••• A• A••••• P•••••••• L•Real Estate Fund$263M20Mar 31, 2021
      G••• H•••• A• A••••• A•• L••Real Estate Fund$217M2Mar 31, 2021
      U•• B•••••• E••• P•••••••• J• L••Real Estate Fund$180M2Mar 29, 2024
      G••• S••••• O••••• L•no longer reportedReal Estate Fund$167M10Mar 29, 2018
      N•••••••• M••• H•••••• L••Real Estate Fund$155M2Mar 29, 2018
      G• I••••••••• F••• I• L•Real Estate Fund$144M36Mar 30, 2016
      G••• P••••• 1• D••••••••• L••no longer reportedReal Estate Fund$134M3Mar 29, 2018
      G••• B•••• P•••••• L•Real Estate Fund$132M24Mar 29, 2019
      W• V•••••• H•••••• V••• L••Real Estate Fund$125M3May 14, 2020
      2••• M•••• I••••••• L••Real Estate Fund$98.7M4Mar 31, 2023
      G••• C•••••••• P••••••• L•Real Estate Fund$96.9M20Mar 31, 2023
      G••• M•••••• H•••• P•••••••• L•Real Estate Fund$95.2M22Mar 31, 2023
      G••• C• S•••••• P••••••• L••no longer reportedReal Estate Fund$86.3M5Mar 29, 2019
      G••• 2••• C• P••••••• L••Real Estate Fund$74.0M3Mar 29, 2018
      G••• C•• H•••• P•••••••• L•Real Estate Fund$72.0M31Mar 29, 2024
      G••• H•••• A• A••••• I••••••••• L•Real Estate Fund$70.8M7Mar 31, 2022
      G••• K••• H•••• P•••••••• L•Real Estate Fund$65.4M43Mar 31, 2023
      G••• W•••• L•Real Estate Fund$65.3M6Mar 29, 2019
      C••••• M•• I••••••• L••no longer reportedReal Estate Fund$64.8M2Mar 31, 2015
      G••• H•• L•no longer reportedReal Estate Fund$64.1M3Mar 29, 2018
      G••• S••••• I• P•••••••• L•Real Estate Fund$62.6M36Mar 31, 2023
      R••••••••• J•• L••Real Estate Fund$53.3M3Mar 31, 2022
      G••• B••••• H•••• P•••••••• L•Real Estate Fund$48.1M35Mar 29, 2024
      S•• I••••••••• P••••••• I•• L•Real Estate Fund$42.5M2May 14, 2020
      G••• A• P•••••••• L•no longer reportedPrivate Equity Fund$42.4M13Mar 31, 2021
      K••••••••• E•••••••• C•••••••••no longer reportedReal Estate Fund$42.0M6Mar 29, 2019
      G••• O•••••• H•••• P•••••••• L•Real Estate Fund$40.9M26Mar 29, 2024
      C• A••••• I••••••••• L•Real Estate Fund$36.1M191Mar 31, 2022
      S•• I••••••••• P•••••••• L•Real Estate Fund$33.8M2Mar 29, 2018
      All funds of C••••••• R••• E••••• L••
      Owners and control persons
      Schedule A and B, latest filing
      • A•••••••• J••••• E• · Ceo/O••••control
        since 06/2016 · owns 10% to 25%
      • G•••• J•••• C•••••• · Chairmancontrol
        since 02/1998 · owns 50% to 75%
      • L•••••••• A•••••• P•••••• · Chief Compliance Officer, Chief Financial Officercontrol
        since 12/2017 · owns less than 5%
      • S••••••••• C•••••• J••••• · Ceo/O••••control
        since 11/2006 · owns 10% to 25%
      • G•••• J•••• C•••••• · Trusteecontrol
        since 11/2010 · owns 75% or more of J••• C• G••• 2••• F••••• T••••
      Entity owners
      • J•• 2••• H•••••••• L• · O••••
        direct · owns 50% to 75%
      • J•• 2••• M••••••••• L•• · General Partner
        indirect · owns F of J•• 2••• H•••••••• L•
      • J••• C• G••• 2••• F••••• T•••• · Limited Partner
        indirect · owns 75% or more of J•• 2••• H•••••••• L•
      Related persons
      Schedule D 7.A
      • C••••••• U••••• G• L••
        pooled vehicle sponsorn
      • G••• C•••••• M••••••••• L••
        pooled vehicle sponsorn
      • G••• F•••••• S••••••••• L••
        investment adviserpooled vehicle sponsorn
      • G••• 2••• C• M•••••• L••
        pooled vehicle sponsorn
      • G••• 2••• M•••• M•••••• L••
        pooled vehicle sponsorn
      • G••• 3•••• G• L••
        pooled vehicle sponsorn
      • G••• A• O••••• V•••••• G• L••
        pooled vehicle sponsorn
      • G••• A••••••••• H•••• G• L••
        pooled vehicle sponsorn
      • G••• B••••• H•••• G• L••
        pooled vehicle sponsorn
      • G••• B•••••• E••• M•••••• L••
        pooled vehicle sponsorn
      • G••• B•••• P••••• G• L••
        pooled vehicle sponsorn
      • G••• C•• H•••• G• L••
        pooled vehicle sponsorn
      • G••• C• G• L••
        pooled vehicle sponsorn
      • G••• C•••••••• G• L••
        pooled vehicle sponsorn
      • G••• D••••• H•••• G• L••
        pooled vehicle sponsorn
      • G••• G• I• L••
        pooled vehicle sponsorn
      • G••• G• I•• L••
        pooled vehicle sponsorn
      • G••• G• I•• L••
        pooled vehicle sponsorn
      • G••• H•••• A• A••••• G• L••
        pooled vehicle sponsorn
      • G••• H•• G• L••
        pooled vehicle sponsorn
      • G••• I• I•••••••• G• L••
        pooled vehicle sponsorn
      • G••• I•• I•••••••• G• L••
        pooled vehicle sponsorn
      • G••• K••• H•••• G• L••
        pooled vehicle sponsorn
      • G••• M•••••• H•••• G• L••
        pooled vehicle sponsorn
      • G••• M• B•••••• G• L••
        pooled vehicle sponsorn
      • G••• N•••••••• G• L••
        pooled vehicle sponsorn
      • G••• N•••••••• L••
        pooled vehicle sponsorn
      • G••• O•••••• H•••• G• L••
        pooled vehicle sponsorn
      • G••• R••••••••• M•••••• L••
        pooled vehicle sponsorn
      • G••• S••••• I• G• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Dallas, TX10 employees
      • Denver, CO9 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • discretionary share shiftChange between filings · filing Mar 31, 2026
        discretionary share of RAUM moved from 48.0% to 76.0% between the annual amendments of 2025-03-31 and 2026-03-31
        peers: ASSET_M••••••, $5B to $20B (684)
      What changed
      consecutive filings, newest first
      • Accounts · 37 to 43
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 35 to 34
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 37 to 43
        Mar 31, 2025 to Mar 31, 2026
      • Employees · 97 to 113
        Mar 31, 2025 to Mar 31, 2026
      • Private funds · 37 to 43
        Mar 31, 2025 to Mar 31, 2026
      • Discretionary RAUM · $2.1B to $3.9B
        Mar 31, 2025 to Mar 31, 2026
      • Non-discretionary RAUM · $2.2B to $1.2B
        Mar 31, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $4.3B to $5.1B
        Mar 31, 2025 to Mar 31, 2026
      • RAUM · $4.3B to $5.1B
        Mar 31, 2025 to Mar 31, 2026
      • Advisory employees · 33 to 35
        May 10, 2024 to Mar 31, 2025
      • Employees · 99 to 97
        May 10, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        May 10, 2024 to Mar 31, 2025
      • Discretionary RAUM · $2.2B to $2.1B
        May 10, 2024 to Mar 31, 2025
      • Non-discretionary RAUM · $2.5B to $2.2B
        May 10, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $4.7B to $4.3B
        May 10, 2024 to Mar 31, 2025
      • RAUM · $4.7B to $4.3B
        May 10, 2024 to Mar 31, 2025
      • Accounts · 35 to 37
        Nov 30, 2023 to Mar 29, 2024
      • Advisory employees · 31 to 33
        Nov 30, 2023 to Mar 29, 2024
      • Pooled vehicle clients · 35 to 37
        Nov 30, 2023 to Mar 29, 2024
      • Employees · 96 to 99
        Nov 30, 2023 to Mar 29, 2024
      • Private funds · 35 to 37
        Nov 30, 2023 to Mar 29, 2024
      • Discretionary RAUM · $2.0B to $2.2B
        Nov 30, 2023 to Mar 29, 2024
      • Non-discretionary RAUM · $1.9B to $2.5B
        Nov 30, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $3.9B to $4.7B
        Nov 30, 2023 to Mar 29, 2024
      • RAUM · $3.9B to $4.7B
        Nov 30, 2023 to Mar 29, 2024
      • Accounts · 36 to 35
        Mar 31, 2023 to Jun 22, 2023
      • Pooled vehicle clients · 36 to 35
        Mar 31, 2023 to Jun 22, 2023
      • Private funds · 36 to 35
        Mar 31, 2023 to Jun 22, 2023
      • Discretionary RAUM · $2.6B to $2.0B
        Mar 31, 2023 to Jun 22, 2023
      • Pooled vehicle RAUM · $4.5B to $3.9B
        Mar 31, 2023 to Jun 22, 2023
      • RAUM · $4.5B to $3.9B
        Mar 31, 2023 to Jun 22, 2023
      • Accounts · 38 to 36
        Aug 30, 2022 to Mar 31, 2023
      • Advisory employees · 29 to 31
        Aug 30, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 38 to 36
        Aug 30, 2022 to Mar 31, 2023
      • Employees · 107 to 96
        Aug 30, 2022 to Mar 31, 2023
      • Private funds · 38 to 36
        Aug 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $2.7B to $2.6B
        Aug 30, 2022 to Mar 31, 2023
      • Non-discretionary RAUM · $2.2B to $1.9B
        Aug 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $4.8B to $4.5B
        Aug 30, 2022 to Mar 31, 2023
      • RAUM · $4.8B to $4.5B
        Aug 30, 2022 to Mar 31, 2023
      Signals
      5 dated events
      • Suzanne Stevens (Chief Financial Officer) no longer on Schedule A of C••••••• R••• E••••• L•• (listed 2022-08-30, absent 2023-03-31)
        Mar 31, 2023 · Control person left · inference
      • C••••••• R••• E••••• L•• reported RAUM $4.9B, up 32% from $3.7B (2021-03-31 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Wesley Mark Collier (Senior Vice President - Finance, Chief Compliance Officer) no longer on Schedule A of C••••••• R••• E••••• L•• (listed 2019-03-29, absent 2020-05-14)
        May 14, 2020 · Control person left · inference
      • C••••••• R••• E••••• L•• reported RAUM $2.8B, up 76% from $1.6B (2017-04-01 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      • G••• C•••••• P•••••••• L• reported succeeding to the business of Another Adviser (Form ADV Item 4)
        Dec 22, 2016 · Succession (Item 4) · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/crescentrealestatellcreportedpublic record, Form ADV, Sep 18, 2026
      Website
      C•••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      817-321-2100reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      C••••••• R••• E••••• L•• is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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