5
May
CIM Group launches new real estate fund
CIM Group has launched a new closed-end interval fund called CIM Real Assets & Credit Fund (CIM RACR).
The new fund will primarily invest in real assets and credit and credit-related assets.
The real assets may include direct real estate and infrastructure held through one or more wholly owned real estate investment trust (REIT) subsidiaries, as well as publicly traded REITs, non-affiliated private REITs and real estate debt.
Credit-related investments may include investments in floating and fixed-rate…
Source: Arizona Business Journal
