
Key Relationships
East West Partners has several external partners and lenders including:
Crescent Real Estate Equities Company (CEI), one of the country's largest real estate investment trusts, owns and manages, through its subsidiaries, a diversified portfolio consisting of Class A office properties, luxury resorts and spas, and residential developments. CEI has been a principal investor in East West partners for the last 16 years and has invested in excess of $500 million in the partnership. CEI was taken private in 2007.
Crow Holdings and Investcorp, are two nationally know firms which invest in public and private companies and have invested in East West Partners Deer Valley Project. Crow Holdings has also invested in the Westin Riverfront Resort and Spa in Avon, Colorado. Crow Holdings is the group of international, diversified investment companies that owns and directs the investments of the Trammell Crow family and its investment partners. Investment partners include high-net-worth individuals and families worldwide, institutional investors including university endowments, charitable foundations, and private equity funds. Since 1998, Crow Holdings has sponsored four private equity funds exceeding $2 billion. Investcorp is a global investment group with a real estate investment business in New York. Since 1995 Investcorp has acquired 120 properties, totaling approximately $3.3 billion in value. It currently has $1.8 billion of property under management.
Vail Resorts (MTN), owns and operates five resort properties that provide a comprehensive resort experience throughout the year to a diverse clientele with an attractive demographic profile. Vail, Breckenridge, Keystone and Beaver Creek, all located within Colorado and Heavenly in California/Nevada are year-round mountain resorts offering a full complement of on-snow and off-snow activities. Vail Resorts has participated in many resort developments with East West Partners as well as merging their real estate brokerage firm with East West Partners in 1994 to form Slifer, Smith & Frampton, the largest real estate brokerage firm in the Vail Valley.
Hyatt Hotels, owns and operates luxury hotels around the world. Much of what Beaver Creek has become today is largely the result of the relationship between East West Partners and the Hyatt Corporation. The two companies came together to build the Park Hyatt Beaver Creek and also two Colorado and one California Hyatt Vacation Clubs.
Intrawest (IDR), is a leading developer and operator of village-centered destination resorts across North America. East West and Intrawest teamed up in Summit County, Colorado to develop Three Peaks, a golf and residential community.
Booth Creek Holdings, is a ski resort operator in North America with distinctive regional resorts located within 200 miles of major metropolitan areas. East West Partners has joined with Booth Creek to develop Northstar Village and Northstar Highlands, two master planned communities at Northstar at Tahoe.
Financial Relationships
We currently have significant relationships with four national banks and one regional bank for our construction and development loans. To date East West Partners has developed over $2 billion in construction and has had loan commitments of over $1.5 billion. Currently we have the following active loan commitments:
JP Morgan Chase - We have banked with JP Morgan Chase, or its predecessors, since 1985, when they made the first loan on The Meadows townhomes.
US Bank - We have banked with US Bank since 1998.
Wells Fargo Bank - We have banked with Wells Fargo, or its predecessors, since 1996.
Bank of America - We began banking with Bank of America in 2000.
First Bank - We began banking with First Bank in 1985.
In addition to these national banks we have relationships with numerous regional banks including Alpine Bank, MidFirst Bank, Plumas Bank, and Bank MidWest.
Accounting and Legal Relationships
We currently engage the public accounting firm of Ernst and Young for annual financial audits. Our primary legal firm is Sherman and Howard.
