Publications

Investors - SEPTEMBER 19, 2016

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

Sign in Start Your Free Trial Now View Purchase Options

San Francisco commits $150m to CIM Group

by Jody Barhanovich

The $19.9 billion San Francisco Employees’ Retirement System has committed $150 million to CIM Group’s SF Real Estate Investors LP.

The commitment is classified as a real estate investment within SFERS’ real assets portfolio and is SFERS’ fifth investment with CIM. Properties in the portfolio include core and value-added office, industrial, retail and apartment assets. The commitment was a part of an approved investment of up to $300 million with SF Real Estate Investors L.P. in a closed session at a Feb. 10 meeting.

CIM primarily invests in urban U.S. properties and focuses its investments on value-added and opportunistic real estate. CIM Group recently bought the Tribune Tower in Chicago for $240 million in an agreement with Tribune Media Co.

SFERS has a t

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?