2023 DE&I Report

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DIVERSITY, EQUITY AND INCLUSION

Community

A community is a network of relationships, enriched by shared values and motivated by the fundamental human desire to be part of something greater. We seek opportunities to build a more diverse, equitable, and inclusive community for our colleagues, partners, customers, and neighbors. When we provide opportunities for all, not only do we allow for productive communities to form and flourish, but we also create economic success.

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We

will reinforce our commitment to create opportunities for all through an open and honest dialogue and develop proactive solutions that will lead to a more diverse, equitable, and inclusive workforce.

4 INTRODUCTION GOVERNANCE SOCIAL ENVIRONMENT DE&I TASK FORCE MISSION

Diversity, Equity, and Inclusion at Crescent Communities

DIVERSITY POLICY

Crescent Communities recognizes and values a diverse and inclusive workforce. Diversity embodies all differences: life experiences, work experiences, perspectives, cultures, religions, ethnicities, gender, age, socioeconomic status, and other aspects of life, all that make us unique individuals. Crescent Communities seeks diversity in its colleagues, values their differences, and endeavors to treat all colleagues with respect.

In 2020, the Executive Committee of Crescent Communities established a volunteer-based Diversity, Equity, and Inclusion Task Force. Led by our Executive Vice President and Chief People Officer, Tracy Chambers, our three DE&I Task Force Committees continued to act in support of its critical mission throughout 2023.

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DE&I Committee: Learning and Conversations

PURPOSE: Offer all colleagues the opportunity to gain new perspectives and share in conversations to help us become more aware, compassionate, and engaged in the quest for equity.

HIGHLIGHTS: The team hosted a wide array of educational opportunities and introduced colleagues to new perspectives from both inside and outside of the organization. During these well-attended events, team members participated in lunchtime conversations to bolster respect and appreciation for all.

MEMBERS:

Simon Andrew, Justin

Cislo (Leader), Katie

Congdon, Carrie DeLuca, Aldo Muccia, Lisa

Phocas, Erika Ruane, and Kesha Smith

Ben Collins and Jay Curran (Executive Sponsors)

FEBRUARY: FIRST GENERATION HOME OWNERSHIP AND BLACK COMMUNITIES

For Black History Month, we welcomed Winston Robinson, Founder & Executive Director of Applesauce Group. “Wilmo” shared his success in blending education, engagement, and entertainment to give people the tools

to pursue first-generation homeownership. Winston’s Applesauce Group takes its name from the concept of hiding medicine for children in sweet applesauce. In an honest dialogue, Winston discussed systemic issues facing minority communities, and specifically historically Black Communities in Charlotte.

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JUNE: LUNCH AND LEARN WORKSHOP FOR PRIDE MONTH — “QUEERLY BELOVED: A CONVERSATION ON LGBTQ+; INCLUSION, GENDER AND ALLYSHIP”

This engaging and interactive workshop by consultant Nate Shalev allowed colleagues to deepen their commitment to inclusion and build buy-in and understanding for LGBTQ initiatives. The session further provided tools and techniques for allyship and offered a framework for engaging in difficult conversations in real-life scenarios.

JULY: PUBLIC EDUCATION AND 3DE SCHOOLS

With 90 percent of students in public schools, and many of them up against systemic inequities, it takes visionary educational, civic, and corporate leaders to better prepare students for life beyond the classroom walls. Jack Harris, CEO of 3DE, is one of those visionaries.

Jack discussed his efforts to enhance public education and increase student retention, high school graduation, and preparation for post-secondary education through the programming and real-life experience offered by 3DE. A partnership between Junior Achievement, and local businesses, students who participate in 3DE graduate with a clearer vision for their future, more confidence in their abilities, and a path to achieve their goals.

SEPTEMBER: LUNCH AND LEARN — NATIONAL HISPANIC HERITAGE MONTH

Aligning with the 2023 theme, “Latinos: Driving Prosperity, Power, and Progress in America,” we recognized the contributions of a local leader and longtime friend of Crescent Communities. Former colleague, Magda Esola, shared her extraordinary experience arriving as a young woman in the United States with only her family and limited English-speaking skills, and the brave journey that led her to many achievements, including being the top selling realtor in Charlotte and the recently elected president of the Canopy Realtor Association.

OCTOBER: SUSTAINABILITY

Crescent Communities

welcomed CT Anderson, Founder and Creative Director of local nonprofit Springclean, whose mission is to create jobs and reduce landfill space by repurposing materials in new and innovative ways. Topics of discussion were circularity, textiles, and intersectionality from her perspective.

NOVEMBER: LUNCH AND LEARN — JAPANESE CULTURE

Our resident colleagues from our parent company, Sumitomo Forestry Americas, presented an entertaining and informational session on Japanese Culture. Topics covered in this well-attended event included table manners and chopstick use, communication style, business manners, housing, ambiguity, and festivals. Colleagues were also treated to an authentic TAIKO (Japanese drum) performance from Hirotaka Hayaski of SFA!

DECEMBER: MENTAL HEALTH

Hip-Hop artist Yung Citizen discussed his personal mental health story and the steps he took to better himself and live a life of growth, healing, confidence, and love. Seeking guidance through therapy and self-reflection helped him face himself honestly and overcome the trials of life. This session allowed our colleagues to become very vulnerable about their mental health and participate in a discussion on tools for self-improvement.

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DE&I Committee: Partnerships

PURPOSE: Support partnerships that foster diversity and equity, and actively seek diverse vendor relationships in all areas of construction and business operations.

MEMBERS:

Jonathan Bedford, Eoin Breen, Tommy Brehm, Tracy Chambers and Daniel Cooper (Executive Sponsors), Vianney Ferdinand, Erika Ruane (Leader)

The Partnerships committee focused on measurement, tracking, and recruiting to increase Minority and Women Owned Business Enterprise (MWBE) participation. The team sourced a new third-party software tool to track and manage the MWBE status of current vendor partners and the value of their contracts with Crescent Communities. The tool also allows internal colleagues to search for proven vendors by field, location, and/or MWBE status, etc. This year, the taskforce decided to focus on Tier 1 vendors, or those organizations that Crescent Communities is directly funding for projects. In the future, there will be an opportunity to delve into those payments to gather information on trade partners and other vendors that the Tier 1 vendors are funding for projects to track the company’s true impact more accurately.

The committee also succeeded in drafting MWBE language that will be included in construction contracts moving forward. This language requires contractor partners to maintain a reasonable goal of 9% MWBE partner inclusion by percentage of the total contract value, supporting the committee’s overall 2023 goal and demonstrating Crescent Communities’ commitment to a diverse workforce.

4TH ANNUAL MINORITY AND SMALL BUSINESS OUTREACH

More than 100 people attended our annual Minority and Small Business Outreach event in July. Vendors, general contractors, subcontractor partners, elected officials, and other government representatives joined Crescent Communities at the Innovation Barn in Charlotte to learn about our pipeline of development opportunities and our commitment to building a diverse and welcoming work environment and industry. Representatives from our key general contract partners were also in attendance to network and encourage participation with minority groups across our development footprint.

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DE&I Committee: Recruiting Strategy

PURPOSE: Ensure that our hiring practices are fair, equitable, and non-discriminative while striving to have qualified candidates that are diverse across gender, race, ethnicity, disability, and veteran status, among others. The goal of the Recruiting Committee is to increase diverse hiring sources and expand partnerships with Historically Black Colleges and Universities (HBCUs), while also working to ensure equitable internal growth opportunities.

HIGHLIGHTS

We enhanced our diverse representation and perspective by:

Posting open positions on 600+ locally focused and diverse job boards

Partnering with outreach organizations

Conducting a job fair at NC A&T

MEMBERS:

Jack Barnett, Tamesha Coleman, Kevin Gzym, Latondra Riley (Leader), Sagar Rathie, Tracy Chambers and Jason LaBonte (Executive Sponsors)

Adding more HBCUs to our recruiting roster

Hosting a successful summer associate program

Extending summer associate programs and hiring associates into full-time roles

Offering scholarships

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Our Summer Associates gave back to the community by preparing gift bags to bring joy, care, and hope to homeless and impoverished children through a partnership with the nonprofit, Bright Blessings.

“My time at Crescent Communities was an experience that I will never forget. Moreover, the time at Crescent Communities allowed me to further my knowledge on Project Management and the Superintendent side of construction, and I’m overjoyed to have the opportunity to work alongside a great team.”

PROJECT DESTINED

THE ROC CHARLOTTE

Crescent Communities is a proud supporter of the ROC Charlotte, a nonprofit organization with a mission to educate and mentor high school students for technical roles and career opportunities in the construction industry through a partnership with Central Piedmont Community College. Not only does our President of Construction, Daniel Cooper, serve on the Board of Directors for this amazing organization, but Crescent Communities had the fortunate opportunity to hire a high school student, Omari Nelson, as a Summer Associate. Omari was the first highschool student to be employed by Crescent Communities, and the team was impressed by his skill and professionalism!

Crescent Communities was once again proud to partner with Project Destined, a leading social impact platform that empowers students from underrepresented communities through training in financial literacy, entrepreneurship, and real estate. Our colleagues worked diligently with these diverse students through their 8-week program to ensure they were prepared for the end of program competition and ready to consider a rewarding career in real estate! Development Manager Dan Gualtieri and Development Associate Bradley Scholhamer served as Mentors for the program this year.

“Project Destined is a wonderful program that provides unparalleled access for students looking to enter the Real Estate field. The level of diversity, organization, and professionalism embodied by Project Destined and its students is an inspiration. It was an honor to join for their Executive Speaker Series and look forward to a long-term relationship with their organization.”
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Fostering a Culture of Inclusivity

COMMUNITY BUILDING

Crescent Communities is honored to establish a partnership with the Community Building Initiative (CBI), a nonprofit organization with a mission to give people and organizations the knowledge, skills, and courage to fight bias, remove barriers to opportunity, and build a more equitable Charlotte-Mecklenburg area.

For each of the last four years, two rising leaders within our organization have been chosen to participate in CBI’s LU40 program (Leadership Under 40). These young leaders will use the knowledge they gain through the program to help create positive, impactful change within Crescent Communities, in the real estate development industry, and throughout the greater community. Past participants include Ruth Evans, James Richardson, Violet Iwata, Shep Reynolds, Jack Barnett, and Matt Box.

“My organization is one-of-a-kind. The positive culture that embraces diversity and empowers you to do “you” is almost unheard of in this industry. They guide and do not dictate culture which ultimately creates the best most positive work environment.”

CRESCENT COMMUNITIES COLLEAGUE RESPONSE FROM 2023 ANNUAL CULTURE SURVEY

CURRENT LU40 PARTICIPANTS

Eoin Breen, Construction Manager

Tarang Vakharia, Finance Associate

WITH PRIDE

Crescent Communities sponsored the 2023 Charlotte PRIDE Parade and festival, supporting our commitment to diversity, equity, and inclusion. Colleagues also volunteered to set up the child and family zone, providing a fun place for kids to play during the festival.

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HARVESTING CONNECTIONS

Harvesting Connections is a collaborative forum nourishing women-driven relationships in the construction and real estate development industries. Held on October 19th, the 6th Annual Harvesting Connections event was the biggest yet, with over 90 women in attendance. Crescent Communities came together with Gensler, Turner Construction, Asana Partners, and Troutman Pepper to plan the event focused on women in the real estate and construction fields. Participants donated tools and funds to the nonprofit spotlight, She Built This City. Tori Stevens of Evolyoution led the session “Be You in Every Room,” giving women advice and tips on navigating their careers in a male-dominated field.

Our 2023 Workforce Composition

We are committed to fostering a more diverse and inclusive work environment. Better business decisions are made when all parties are included and welcomed. Although progress has been made, we acknowledge that we have much more work to do. This is a meaningful commitment that will not transform any organization overnight, but we understand the importance of investing our time and energy to create opportunities for ALL people, both within our company and in the real estate industry overall. We will continue to be transparent in our progress.

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200 Total Headcount 2.5% Asian 32.2% Female 25% Under 35 4.2% Under 35 25% Female 2.7% Asian 6.5% Hispanic or Latino 1.4% Hispanic or Latino 0.5% Two or More Races 5.6% Black 67.8% Male 33% Age 35-45 47.2% Age 35-45 42% Over 45 48.6% Over 45 75% Male 1.4% Black 1.0% Pacific Islander 94.5% White 83.9% White TOTAL HEADCOUNT BY ETHNICITY TOTAL HEADCOUNT BY GENDER DIRECTOR LEVEL & HIGHER: GENDER DIRECTOR LEVEL AGE GROUP TOTAL HEADCOUNT BY AGE DIRECTOR LEVEL & HIGHER: ETHNICITY

NEW HIRES (12/31/2023) (EXCLUDES SUMMER ASSOCIATES)

2023 PROMOTIONS

DIVERSITY, EQUITY AND INCLUSION AT CRESCENT COMMUNITIES 15 9 Summer Associates 5.13% 2023 Overall Turnover 26 Total Promotions 22.2% Black 33.3% Female 77.8% White 66.6% Male 3.8% Asian 11.5% Hispanic 7.7% Black 77% White
SUMMER ASSOCIATES TALENT METRICS
ETHNICITY ETHNICITY GENDER GENDER 77% Female 23% Male 9.5% Hispanic or Latino 14.3% Black 76.2% White 19% Female 81% Male TOTAL HEADCOUNT BY GENDER 2.06% Involuntary 3.07% Voluntary
ETHNICITY
The theme “Bloom” invites us to reflect on our unique talents and skills and challenges us to become the best version of ourselves.
16 INTRODUCTION SOCIAL GOVERNANCE ENVIRONMENT

Culture: A Commitment to our Greater Purpose — BLOOM!

Held on a semi-annual basis, the Greater Purpose Meeting brings all colleagues of Crescent Communities together to reinforce our mission to Build Community and Better People’s Lives. The theme of the 2023 Greater Purpose Meeting, held appropriately in May, was BLOOM. After a day of community volunteer events and small group huddles, the entire team gathered for an inspirational meeting.

The theme “Bloom” invites us to reflect on our unique talents and skills and challenges us to become the best version of ourselves. We all have the potential to grow personally and professionally, and during the Greater Purpose meeting, we examined strategies that encourage us to thrive while enriching the lives of everyone we serve.

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HIGHLIGHTS OF THE DAY:

Motivational speaker

Charles Clark, a USA Track and Field Superstar, 3-time national champion, and 6th fastest man in the world, inspired us to “Rise and Thrive.”

A panel discussion, led by Ohavia Phillips, encouraged the team to share their stories of personal and professional growth through the lens of the event theme. The allcolleague panel included Savannah McGowan, Jes Sanders, Kesha Smith, and Liam Torpey.

The day concluded with a spoken word poem, offered by award-winning master storyteller, speaker, and poet, Hannah Hasan. Throughout the day, Hannah sat quietly in the room, unrecognized by the audience. She listened to the speakers and witnessed the energy of the room and used this observation to write a beautiful spoken-word piece that was shared at the conclusion of the event.

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Crescent Communities Construction Team Guest speaker, Charles Clark
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Spoken word artist, Hannah Hasan Kaylin Devone (left) and Elizabeth Palmisano (right), artists who captured the event by creating paintings live.

Culture: Best Places to Work

The Best Places to Work Awards by the Business Journals recognize local employers that have gone above and beyond to create an outstanding workplace culture. The rankings are based on confidential colleague surveys that measure success in team dynamics, trust in leadership, communication and more, with only the top-scoring companies in the region earning the coveted right to be named one of the Best Places to Work. Based on our survey results, Crescent Communities took home the second-place award, and was named one of the Best Places to Work!

THESE ARE THE WORDS THAT OUR COLLEAGUES USE TO DESCRIBE OUR CULTURE AT CRESCENT COMMUNITIES!

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Collaborative Flexible Supportive Challenging Engaging Fun Motivating Inspiring Accepting Rewarding Friendly Positive Comfortable Driven Transparent Energetic Inclusive Inviting Encouraging Impactful Dynamic Professional Community Respectful Exciting

Growth Opportunities

In alignment with our Greater Purpose theme of “Bloom,” Crescent Communities encouraged our colleagues to grow and develop through several training opportunities and workshops throughout the year.

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DARE TO LEAD™ CURRICULUM

Women at Crescent Communities were invited to take part in the 16-hour program, led by the Founder and CEO of LUMO. Based on research of Dr. Brené Brown, Dare to Lead™ is a courage-based program, offering instruction on cultivating authenticity, harnessing the power of courage, and identifying core values.

MENTORSHIP PROGRAM

For the second year, we offered a structured mentorship program, establishing a partnership between colleagues for the purposes of learning and growth. Any colleague at any job level may participate and benefit from a mentoring relationship. Subject areas covered included leadership development, financial acumen, directing and delegating, presentation skills, conflict resolution, and developing a personal brand. This is a popular offering, as more than 20% of our colleagues serve as a mentor or mentee.

EFFECTIVE STRATEGIC LISTENING TRAINING

Led by Michael Reddington, President of InQuasive. This workshop offered tools for building and maintaining trusting relationships, leading negotiations, and listening for problem solving.

EDUCATION SUPPORT

In addition to supporting the continuing education requirements for related certifications, Crescent Communities offers educational reimbursement opportunities for colleagues wishing to further their education in related fields of study.

EFFECTIVE PROBLEM SOLVING

Led by our very own Jay Curran (President, Multifamily) and Brendan Pierce (President, Commercial). This session offered tips for time management, conflict resolution, developing solutions, and addressing challenges effectively in a team.

INCLUSIVE LEADERSHIP WORKSHOP

Led by Scott Horton, owner of Delta Consulting. Offered to all leaders, this course encouraged participants to understand their own diverse identity and life experiences and recognize how these factors influence our decisions about others at work. Further, participants learned to identify unconscious biases, and to develop appropriate plans for minimizing their negative impacts.

“I loved the session and found it extremely insightful and refreshing. I appreciated the general reset to the assumptions we all make towards colleagues, peers, prospects, etc. I particularly liked the exercise where you chose amongst the 4 personas and unconsciously added details that weren’t in the description — age, ethnicity, gender, etc. That was fascinating and helpful to remind you to reset your

expectations and biases.”

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Promoting Health and Well-Being

In 2023, our Annual Wellness Subsidy increased from $250 to $500. Colleagues can request a reimbursement for gym memberships, equipment, race entry fees, mental health apps, etc.

The team hosted an in-office health fair with Novant Health to offer vaccines for all colleagues.

A self-awareness and self-defense class was presented by NC Budo, a studio offering martial arts and wellness classes to students of all ages.

The Charlotte Mecklenburg Police Department joined Crescent Communities to offer an Active Survival Class.

Ergonomics instruction was offered to increase safety, comfort, and performance whether working in the office or working from home.

A webinar was offered by a licensed clinical social worker who shared tips on “Building a Better Mental Health State.”

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Crescent Communities Leadership Team

Surveys: Listening to our Colleagues

To ensure the success of our colleagues, we administer an anonymous Colleague Culture Survey on a semi-annual basis. Topics covered in the survey include career growth opportunity, work environment, training and development, communication, trust and collaboration, benefits and recognition, diversity and belonging.

The most recent survey results provided great feedback, as 97% of our colleagues would recommend Crescent Communities as a great place to work. They also agreed that the team members in their work group collaborated with one another to meet internal and external expectations. However, our responses were not flawless, as 78% of our colleagues felt that all backgrounds and identities have an equitable chance to advance their careers. In addition, 79% feel

their unique background and identity are valued. Our Executive Leadership team is committed to improving these results year over year.

We began by conducting focus groups with our colleagues, facilitated by Jessica Hall of Whitehall Consulting, to help us better understand and delve further into the feedback and to develop a solutions-based approach. To further address these concerns, the team focused on offering educational opportunities to colleagues of all levels to better understand natural biases and to create an environment where every single colleague feels a sense of belonging and appreciation. Many of these initiatives were mentioned in the DE&I section on page 37. We are committed to the continuation of this work and will conduct another survey in 2024.

79% of our colleagues feel their unique background and identity are valued.

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Building Community

CRESCENT COMMUNITIES CARES

We support community initiatives that align with our three thoughtfully identified focus areas: EDUCATION, ENVIRONMENT, SHELTER & SERVICES. Through the Crescent Communities CARES volunteer and charitable giving program, we cultivate a culture of passionate engagement, and we tackle difficult issues such as affordable housing, chronic homelessness, educational disparity, and the climate crisis.

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Supporting our Community

WE ARE PROUD TO HAVE SUPPORTED THE FOLLOWING ORGANIZATIONS THROUGH TIME, TALENT, OR TREASURE IN 2023:

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Trees ees Charlotte Plant, Preserve & Celebrate!

Greater Purpose

On the first day of the all-company Greater Purpose Meeting, 180 colleagues gathered to support the community through one of the volunteer opportunities offered throughout the Charlotte Region.

THE BULB

A team volunteered to weed, plant, and harvest in the Bulb’s Urban Farm, which utilizes sustainable farming practices to grow nutritious, high-quality produce for local foodinsecure communities at no cost.

DIGI-BRIDGE

Colleagues visited Briarwood Elementary School and built STEAM (science, technology, engineering, arts, and math) curriculum kits, which guide students in fun and engaging lessons highlighting topics such as Urban Planning, Community Engagement, Architecture, Construction, and Budgeting. They also led students through an exercise in building a community using art supplies.

TRIPS FOR KIDS

Colleagues broke down donated unwanted bicycles for the Re-cyclery, transforming them into reusable parts for restored bicycles and recyclable material. The mission of Trips For Kids is to transform lives, communities and landscapes through cycling. They believe the bicycle is a tool for physical, mental, and social change!

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HABITAT FOR HUMANITY

A team participated in a new home construction build at The Meadows in West Charlotte, helping to provide much-needed affordable housing for our community.

HABITAT FOR HUMANITY RESTORE

Team members stocked shelves, sorted donation items, and assisted with customer needs.

SHE BUILT THIS CITY & ROOF ABOVE

Colleagues built much needed picnic tables and benches for Moore Place, a shelter providing wraparound services to unhoused adults.

SECOND HARVEST FOOD BANK

Colleagues sorted and boxed nonperishable items to be distributed to families in need throughout the greater Charlotte region.

SHE BUILT THIS CITY

Crescent Communities hosted a group of pre-apprenticeship program students for a tour of our NOVEL Mallard Creek community in Charlotte where they could ask questions and see a “real life” development in progress.

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In addition to the volunteer events hosted during the Greater Purpose Meeting, the colleagues of Crescent Communities donated their time, talent, and treasure to worthwhile organizations across the country. Our team members consistently showcase their commitment to volunteerism, clearing more than 1,020 hours in 2023!

over 1,020 hours volunteered in 2023

Additional 2023 Crescent Communities CARES Events

CAROLINA WATERFOWL RESCUE

Corporate Earth Day: Through our partnership with EarthShare NC, our colleagues were connected to Carolina Waterfowl Rescue. The organization is run by federally licensed wildlife rehabilitators who provide sanctuary, rescue, and rehabilitation for wildlife, farm, and exotic animals. The volunteers cut up fruits and vegetables to feed hundreds of animals, cleaned and organized inside spaces, built a chicken enclosure, and repaired outside spaces for the animals. The team’s hard work

won EarthShare NC’s Best Overall award, acknowledging the use of our CCC team’s specific skills to support the organization.

Day 2: The Crescent Communities Construction team planned a second volunteer day with Carolina Waterfowl Rescue to finish the work they started at the previous event. They installed a door, attached a wire fence around a chicken house, and repaired driveway gates to support this great organization using the skills they have as contractors.

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Crescent Communities team at Carolina Waterfowl Rescue

THE PARK PEOPLE, DENVER DIGS TREES

Our Denver team planted 25 native trees with the help of The Park People at beautiful Washington Park, helping to keep the park shady for years to come.

HABITAT FOR HUMANITY OF THE GREATER CHARLOTTE REGION

In partnership with Habitat for Humanity, several Crescent colleagues participated in a Habitat New Construction Home Build project for a local Charlotte family. They hung drywall alongside the new homeowner, while learning her plans for making this house a home.

TREESATLANTA

The Atlanta team, alongside our partners at Juneau Construction Company, volunteered in beautiful Connally Nature Park in

SECOND HARVEST FOOD BANK

The Crescent team sponsored Second Harvest Food Bank’s 2023 Sort-aRama where volunteers across multiple organizations assembled thousands of meals for distribution to families in need across the Charlotte community.

CLASSROOM CENTRAL DONATION DRIVE

Throughout August, the Crescent team donated over 3,700 school supply items for Classroom Central. Classroom Central’s mission is to equip students to learn effectively by collecting and distributing free school supplies to more than 156,000 eligible students and their teachers, across six school districts, in more than 200 high-needs schools.

June. Our group helped Trees Atlanta hand-pull and cut invasive plants such as English Ivy, Chinese Privet, and Kudzu in a densely

wooded area off-trail to make the area safer for the people who use the area for recreation and for the wildlife that call the park home.

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FREEDOM COMMUNITIES: MAINTENANCE DAY AND FOOD DISTRIBUTION

JUNIOR ACHIEVEMENT

In addition to financially supporting the efforts of Junior Achievement of Atlanta, Georgia, several colleagues volunteered their time to serve as project coaches for the 3DE program offered to students in high-needs schools in the Atlanta area. This program offers real-life examples designed to prepare students for life beyond the classroom walls. Our coaching team included Amy Bezanson, Henry Brown, Ben Douglas, Eric Liebendorfer, Savannah McGowan, Les Roberts, and Ben Watt.

Maintenance Day: Several Crescent colleagues volunteered with Freedom Communities to remove invasive species in the landscape, organize offices and storage rooms, and fix a few things to make the area more welcoming and create more space for the dedicated people who work there. Freedom Communities works to support the Charlotte community through providing daycare, women’s support groups, computer classes, and more to encourage upward mobility.

Food Distribution: In one of their largest food distribution days ever, Crescent colleagues helped Freedom Communities hand food and holiday supplies to local families. Through our partnership with Freedom Communities, and with the help of Loaves and Fishes, we passed out vegetables, meats, and pantry goods to 142 families.

CATAWBA LANDS CONSERVANCY AND TARHEEL TRAILBLAZERS: TRAIL WORKDAY

In partnership with the Catawba Land Conservancy and Tarheel Trailblazers, Crescent volunteers helped remove invasive plant species from the Airline Bike Park trails, which are contiguous to the River District, and more specifically, Westrow Town Center.

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KEEPING HOLLY SPRINGS BEAUTIFUL

Colleagues supporting our Life Sciences Project, the YIELD Holly Springs supported the local community by organizing a litter sweep alongside construction and design partners from Gilbane, Timmons, Nuveen, and Obrien Atkins.

JAMES RIVER PARK SYSTEM INVASIVE PLANT REMOVAL

Colleagues supporting project efforts in the Richmond, Virginia area joined to remove invasive vines throughout the Pony Pasture of the James River Park, encouraging native plants and animals to thrive.

HOLIDAY DONATION DRIVE

We also held holiday donation drives for the Salvation Army and Toys for Tots to collect holiday gifts for the less fortunate in our communities.

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CHARITABLE MATCHING PROGRAM

To further reinforce our mission to Build Community and Better People’s Lives, Crescent Communities supports the spirit of giving among colleagues. Recognizing the important work that nonprofit organizations do to lift our community, Crescent Communities offers a financial match of up to $500 to qualified charitable contributions annually.

BOARD SERVICE SUPPORT

Colleagues are encouraged to serve the community and be involved with nonprofit organizations for which they are passionate. Crescent Communities offers financial support to qualified nonprofit organizations for which a colleague serves on a governing board.

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Support for Affordable Housing

Housing affordability is a growing concern in all markets where Crescent Communities develops. In addition to supporting several impactful nonprofit organizations who are tackling these challenges, Crescent Communities directly contributes to housing initiatives that create affordable housing options through development and by preserving naturally occurring affordable housing (NOAH).

In 2020 and again in 2023, Crescent Communities invested in the Housing Impact Fund, a private sector fund dedicated to purchasing, preserving, and improving NOAH in Mecklenburg County. Operated by Ascent Housing, the Housing Impact Fund has secured over 1000 residences, and successfully contracted over 90% of its renovation work with minority-led companies.

In 2023, Crescent Communities supported the Davidson Housing Coalition by providing financing to preserve and improve The Bungalows, a 32-unit affordable rental community in Davidson, NC. The financing allowed the residents to remain in their homes at affordable rates and supported repairs and improvements to the community.

In December, Crescent Communities invested in the development of a mixed-income Senior Living community in the

Charlotte area led by Laurel Street Residential. This project will provide much needed housing for both at-rate and affordable housing for the senior community located adjacent to an established master planned continuing care retirement facility.

“Driven by a personal passion for championing affordable housing and economic self-sufficiency, I am profoundly grateful to be part of a company that not only shares this vision but translates it into action through significant financial investment and dedicated volunteer hours. Together, we are providing more than houses; we are crafting the foundation for countless futures.”
JASON LABONTE, CHIEF INVESTMENT OFFICER, CHAIRMAN AND CITY ADVISORY BOARD MEMBER, ENTRYWAY
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