February 22, 2017
Tokyo-based Mitsui & Co., Ltd. is investing between $450 to $550 million for a 20% stake in Los Angeles-based CIM Group, as well as funds CIM manages. It is the Japanese firm’s first investment in the U.S. real estate asset management market.
Proceeds of the investment will fund CIM’s continued growth. A newly established special purpose entity, Sabre Investments LLC, will receive investment capital from Mitsui for several CIM funds.
“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 CIM Group’s Avi Shemesh.
Mitsui, one of the oldest and most respected Japanese companies, brings deep experience in listing and managing public Japanese REITs, private fund management, and partnering with investment managers.
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