Many were confused with today’s announcement that Morgan Stanley gave up ownership of Crescent Properties to lender Barclays. That was a different Crescent.
Toby’s Commentary: This is another example of confusing corporate identities. By the way, Crescent Resources Corp. (TSX VENTURE:CRC) is a mining exploration company unrelated to either Crescent Resources LLC or Crescent Properties. Thanks to all readers who contacted me about this story.