Investors - FEBRUARY 21, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

CIM Group and Mitsui & Co. announce strategic partnership

by Andrea Waitrovich

Mitsui & Co. has acquired 20 percent of CIM Group, forming a strategic partnership that expands both organizations’ growth initiatives in real estate and infrastructure investments across North America. Mitsui’s total investment will be $450 million to $550 million, with adjustments based on terms of the agreement.

Proceeds from Mitsui’s 20 percent investment in CIM will be used to fund CIM's continued growth. Mitsui also will commit capital to multiple CIM funds. CIM will continue to be overseen and controlled by its founders and principals.

Through its partnership with CIM, Mitsui will enter the U.S. real estate asset management market and will enhance its steady profit base, with CIM positioned at the core of its international asset management strategy.

“We are excited to partner with Mitsui to position CIM to be the first choice for Japanese investors interested in real estate and infrastructure investments in North America,” said Avi Shemesh,

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy