LOS ANGELES & TOKYO–CIM Group, LLC (“CIM”) and Mitsui & Co., Ltd. (“Mitsui”) announced today a strategic partnership that expands both organizations’ growth initiatives in real estate and infrastructure investments across North America. Proceeds from Mitsui’s 20% investment in CIM will be used entirely to fund CIM’s continued growth. Mitsui will also commit capital to multiple CIM funds. This relationship demonstrates Mitsui’s confidence that CIM’s investment management capabilities will be increasingly valued by global investors. CIM will continue to be overseen and controlled by its founders and principals. Mitsui’s total investment will be $450-550 million, with adjustments based on terms of the agreement.
“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, Co-Founder and Principal of CIM Group. “This partnership will allow CIM to better meet the growing needs of our investors.”
Mitsui is one of the oldest and most respected Japanese companies. The company has deep experience in listing and managing public Japanese REITs, private fund management, and partnering with investment managers. In addition, through its wholly-owned subsidiary, Japan Alternative Investment Co., Ltd., Mitsui is a leading advisor to Japanese institutional investors. Through its partnership with CIM, Mitsui will enter the U.S. real estate asset management market, the largest globally, and will enhance its steady profit base with CIM positioned at the core of its international asset management strategy.
“Our investment in CIM was the culmination of a systematic search for a best-in-class manager in the real-asset management business. Investing in CIM is consistent with our strategic plan to expand Mitsui’s real-asset management business to the U.S. and to enhance Mitsui’s global assets under management,” said Tatsuo Yasunaga, President and CEO of Mitsui.
About CIM Group
Established in 1994, CIM is a leading partner for global institutional investors seeking to invest in real assets located in and serving urban communities with a principal focus on North America. CIM is a real assets manager with approximately $19 billion in assets under management offering investment strategies in opportunistic, core/stabilized, and value-add real estate, real estate debt, and infrastructure. CIM’s broad expertise includes in-house research, acquisition, investment, development, finance, leasing and property management capabilities. Headquartered in Los Angeles, CIM maintains regional offices in New York City, Oakland, CA, Bethesda, MD, and Dallas. For more information, please visit www.cimgroup.com.
Mitsui is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 138 offices in 65 countries as of Feb. 1, 2017. Utilizing its global operating locations, network and information resources, Mitsui is multilaterally pursuing businesses ranging from product sales, to worldwide logistics and financing, to the development of major international infrastructure and other projects in the following sectors: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Integrated Transportation Systems, Chemicals, Energy, Food, Food & Retail Management, Healthcare & Service, Consumer Business, IT & Communication Business, and Corporate Development Business. Mitsui is actively pursuing opportunities for global business innovation around the world. For more information, visit http://www.mitsui.com.