LANDMAR GROUP, LLC
CHARLOTTE, NC

For over half a century, Crescent Communities has helped define moments that matter for everyone that lives, works and plays at our properties. Our mission is to create single family, commercial / mixed use, multifamily and land developments that cultivate communities, grow relationships and establish legacies. We are based out of Charlotte, NC and our offices and developments cross some of the most active real estate markets across the U.S. For almost half a century, we have been dedicated to creating communities that are designed to prosper. Our company has grown each year because our developments have grown with us.  - Duke Energy begins operations as Catawba Power Company - Duke Power Established A forestry department to manage company land and promote good practices of soil and water conservation, as well as a watershed management program - Land-Focused Business - Crescent's business relied on land management and commercial forestry before expanding to residential and resort properties - Crescent undergoes rebranding - Crescent Resources becomes Crescent Communities, reflecting its focus on community development across all business units The ideal of community and the goal of improving people’s lives for the better is at the forefront of everything we do. We are inspired by our vision and we relentlessly pursue it every day. For our colleagues, our investors, our partners, and our customers, our legacy will be our ability to build community and change lives for the better. We are explorers, seeking information and perspectives that help us consistently generate insight into our customers and our marketplace. We are thoughtful, always asking why and rigorously seeking creative solutions to complex challenges. We act with unwavering integrity, treating our people, partners and places with which we are involved as we would want to be treated. We are stewards of our relationships, our communities and the land. For our organization, colleagues, customers and partners, we are relentless in our pursuit of exceptional work, our search for growth and creating places with lasting value. Just as we focus on the people thriving in our communities, we also focus on our people, our employees. After all, it is their diligence and attention to detail that drives our business day in and day out. At Crescent, we pride ourselves on hiring people whom we would qualify as masters – they drive their profession to be better every day, they “get” people and they never give up. Our commitment to stewardship reflects our appreciation for the beauty of the environment, the cherished company of friends and neighbors, the gift of health and happiness and our determination to cultivate and preserve these benefits so others can enjoy them. Simply put, it reflects our desire not only to provide shelter but also to build community and change lives for the better. We are excited to unveil our third Statement of Stewardship Report. While we are proud of the stories and examples described in this publication, we also recognize that part of being a good steward is staying open and transparent about our efforts. We are honored to continue to share our stewardship journey with you.  It is a fundamental requirement to doing business the right way. At Crescent, we strive to incorporate stewardship into every project, to make difficult decisions that address current and future challenges, and to improve continuously. Through ongoing measurement, we hold ourselves accountable to challenging goals in traditional areas of environmental sustainability and in community building, health, happiness and longevity. Our ultimate goal is to ensure that the land and communities under our stewardship remain vibrant. We seek to leave behind legacies whose value builds with time. The business and affairs of the Company are directed, managed and controlled by our Board of Managers, which currently consists of the following seven people: Mr. Van Epp has served as Non-Executive Chairman of Holdings’ Board of Managers since January 2012, and from September to December 2011, was our interim Chief Executive Officer. Mr. Van Epp currently serves on the board of the Newland Real Estate Group, LLC, a diversified real estate management and development company specializing in MPCs. He was previously Executive Vice President, Capital Markets and Acquisitions and Chief Investment Officer. In this role, he provided strategic and operational consultation to the Chairman of Newland, while also leading the company’s efforts in capital markets and acquisitions. Mr. Van Epp previously served as Chief Operating Officer of Newland and President of its Mountain Region beginning in 2005. Mr. Van Epp has more than three decades of experience in real estate entity management and leadership. From 1995 until 2004, he was Senior Vice President of The Rouse Company and President of its affiliate, The Howard Hughes Corporation, where he was responsible for the planning, development and production of residential, retail and office projects totaling millions of square feet. While at the Hughes Corporation, he led the development of its flagship community, Summerlin, in Las Vegas. Mr. Van Epp holds a bachelor’s degree in building construction from Virginia Tech. Mr. Allen is currently a Partner at Anchorage. Prior to joining Anchorage, Mr. Allen spent the previous six years with Morgan Stanley, and in his most recent role, was responsible for North American Credit Trading with a primary focus on bank debt, high yield bonds and distressed securities. Earlier in his career at Morgan Stanley, he oversaw the performing loan and distressed loan trading desks, and later managed the leveraged credit trading and high-yield operations. Prior to joining Morgan Stanley in 2002, Mr. Allen was a Loan Trader at Goldman Sachs and a Corporate Bond Trader at Fidelity Investments. Mr. Allen received his B.S. from Skidmore College and his M.B.A. from Duke University's Fuqua School of Business.