CIM Group considering going public in next several years
The colossal CIM Group could become a publicly traded company, though it will take several years to know. The Los Angeles-based real estate firm is combining its assets and investments with its public, nontraded real estate investment trust, Bisnow reported. The firm has already taken a 67.5 percent share of the entity, CIM Real Estate Finance Trust. Existing shareholders of the REIT hold the rest of the trust. The combined company, CIM Group Inc., will not be treated as an REIT going forward. It will, however, continue its vertical operation as developer, owner and lender of its properties. The structuring […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Eight-room Tokyo hotel designed to feel like staying "at the home of a tasteful friend"
Rosemead shopping center lands $46M Wells Fargo refi
Bastion ups density, affordable unit count on LA-Culver City border development
The Biggest Kitchen Color Trends of 2026, According to Designers
Norman Rockwell’s Historic White House Paintings Are Now on Public Display
Bob Dylan’s Upper Manhattan Townhouse Just Sold for $2.8 Million
Beach Boys Cofounder Mike Love Lists His Longtime Lake Tahoe Estate for $43 Million
In Upstate New York, an 18th-Century Estate Tied to the Underground Railroad Seeks $595K
Dakota Johnson makes quick sale on Hollywood Hills home
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA