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- CIM Group Partners with Round Hill Capital Ventures to Manage $2.1 Billion Portfolio
CIM Group Partners with Round Hill Capital Ventures to Manage $2.1 Billion Portfolio
Slice of Real Estate Team
August 02, 2024
Key Highlights:
CIM Group provides financing for Round Hill Capital Ventures, managing a $2.1 billion portfolio.
Michael Bickford appointed as CEO of the new investment platform.
Portfolio includes 13,450 residential units across 10 countries.
CIM Group brings $28.6 billion in assets and extensive operational expertise.
Strategic partnership aims for accelerated growth and enhanced capital deployment.
Source (Business Wire)
Notable Quotes:
“We believe this strategic partnership with CIM Group positions us advantageously at a compelling point in the market cycle across Europe, which should allow us to deliver superior performance for all of our investment partners. We are excited about this new chapter to grow our business. We have significant ambitions to continue expanding across Europe, and CIM Group’s expertise and resources will be invaluable in helping us achieve those goals.”
CIM Group’s investment in Round Hill Capital Ventures is part of our firm’s longstanding practice of expanding our platform by partnering with best-in-class managers in their home markets, including by providing financial and operational support.”
Our Take:
This partnership between CIM Group and Round Hill Capital Ventures marks a significant development in the real estate and infrastructure sector. By leveraging CIM Group's extensive experience and financial support, Round Hill Capital Ventures is well-positioned for accelerated growth and enhanced operational efficiency. This strategic alliance underscores the importance of collaboration between established firms to drive performance and expand market presence, particularly in a dynamic and competitive environment such as the European real estate market. The leadership of Michael Bickford and the involvement of seasoned professionals across multiple regions will likely lead to robust investment opportunities and superior returns for stakeholders.