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.
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