the CIM Urban Real Estate Fund, LP. With the California Public Employees’ Retirement System and the California State Teachers’ Retirement System as lead investors, the fund has $676 million in equity, allowing for the investment of over $1.6 billion in real estate. The fund invests in all product types including mixed-use, apartments, condos, office, retail, entertainment and parking in urban and “main street” districts throughout the United States.
CIM Group also recently acquired a 21,930-square-foot building at 1637 Lincoln Blvd. The property is currently leased to Joann’s Fabrics.
Originally published in the Santa Monica Daily Press print edition on February 2, 2005. Read the original PDF.