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
Open-Air Centers Thrive As Enclosed Malls Expire
Indonesian Tycoon Mochtar Riady’s OUE REIT Boosts Stake In
Sydney Skyscraper In Deal Valued At $607 Million
2027 Kitchen Design Trends: Leading Indicators, Part
1:
2027 Kitchen Design Trends: Leading Indicators, Part
2
New Report Reveals Hidden Homeownership Costs For 30 U.S.
Cities
Data Centers Aren’t Crowding Out Construction, Except In Hot
Spots
Tov Enters The Furniture Rental Market With A Design-Forward
Approach
Long Island’s historic Oheka Castle finds buyer for $72M at
auction
J Scott: The House of Cards Is Going to Fall
Turning $12K in Rent Payments Into a $1.3M Real Estate
Portfolio
