CIM Group affiliate boosts stake in CIM Commercial Trust

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CIM Group affiliate boosts stake in CIM Commercial Trust

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The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview

14 Oct, 2019

Author Dawood Fakhir
Theme Real Estate

An affiliate of CIM Group LP purchased 2,468,390 shares of common stock of CIM Commercial Trust at about $19.17 apiece.

The $47.3 million private transaction increased the stake of CIM Group and its affiliates to about 19% of the real estate investment trust's outstanding shares of common stock.

Author
Dawood Fakhir
Theme
Real Estate

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CIM Group affiliate boosts stake in CIM Commercial Trust