Shenehon Center for Real Estate

Research. Education. Outreach.

2013 Inductee: Thomas Crowley

Described by his peers as the preeminent mortgage broker in the Twin Cities, Tom Crowley has directed countless financing projects in the real estate community.

A graduate of St. Benedict’s College in Kansas, Crowley has more than 43 years’ experience in the mortgage banking industry. He spent 41 years at Heitman, LLC where he was a partner and executive vice president responsible for placement of debt with correspondent lenders, of which TIAA was a major source. He was an integral part of a program that generated more than $4.5 billion of mortgage loans and a servicing portfolio of $2 billion.

After retiring from Heitman, Crowley joined Dougherty Funding, LLC as executive vice president. His portfolio of work is expansive. He has regional and national recognition with the financing of specific projects such as Mall of America, North Park Regional Mall of Dallas, five Ritz Carlton Hotels, IDS Center, City Center of Minneapolis, Republic Plaza of Denver and Citicorp Plaza Los Angeles, among other properties. His client lists have included Oxford Properties, OPUS, Carlson Companies, the Simon Organization, the Ryan Companies, the Hillwood Group, CSM, the Mid America Companies, United Properties, the Klodt Companies, the Ritz Carlton Hotel Company, the Hyatt Organization and Kimco Realty.

Admired by his colleagues, Crowley is said to always make certain each deal is a win-win situation for all involved. He has been described as consistently high achieving, well respected and unrivaled as a mortgage broker. His work ethic, values, diligence, honesty and integrity are second to none.

Crowley is a board member of Realty Equity Ventures of Citigroup and a member of the University of St. Thomas Real Estate Advisory Board.

The list of financing transactions Tom has spearheaded in his 40+ years of involvement in commercial real estate finance is staggering, simply staggering; an extraordinary performance unequalled in today’s marketplace. Tom’s personal and professional contributions to the Twin Cities’ commercial real estate industry are phenomenal. – Patty Gnetz, Senior Vice President, US Bank

If someone performed at a higher level of accomplishment in Minnesota real estate finance, I haven’t met them and likely never will. – John N. Allen, CEO and sole principal of Industrial Equities, LLP.