CIM Group, a prominent real estate and infrastructure firm, has announced financing support for the creation of Round Hill Capital Ventures, an investment platform that now manages assets previously overseen by Round Hill Capital. Michael Bickford will take on the role of CEO of the new entity, with operations continuing across six offices in the EU, the U.K., and the U.S. Additionally, CIM Group is providing growth capital to support Round Hill Capital Ventures’ expansion.
Round Hill Capital Ventures will oversee a $2.1 billion portfolio of real estate, primarily in Europe, consisting of 13,450 residential units across 10 countries, including the U.K., Netherlands, Germany, Spain, Portugal, Ireland, Denmark, Finland, France, and the U.S.
This new venture will build on the solid foundation of Round Hill Capital’s established real estate management business, benefiting from CIM Group’s extensive experience and growth capital. CIM Group’s portfolio currently includes $28.6 billion in assets across 135 communities in North America, Latin America, and the U.K.
The investment from CIM Group is expected to facilitate Round Hill Capital Ventures’ growth, enhance its capital-raising capabilities, and strengthen its relationships with global partners. The collaboration aims to leverage CIM Group’s expertise to improve operational efficiency.
Since its inception in 2002, Round Hill Capital, under Michael Bickford’s leadership, has transacted over $13 billion in real estate and invested in more than 140,000 residential units and student housing beds.
Richard Ressler, Co-Founder and Principal of CIM Group, commented, “Our investment in Round Hill Capital Ventures aligns with our strategy of partnering with top-tier managers. We anticipate Round Hill Capital Ventures will excel in the living sector across the EU and the U.K., and we are excited to support its growth.”
Michael Bickford added, “CIM Group’s extensive experience and resources are crucial as we aim to expand our business in Europe. This partnership positions us well to deliver strong performance for our investors.”
Morgan Stanley & Co. LLC acted as the exclusive financial advisor to CIM Group for this transaction.
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By Proptechbuzz
By Ravi Kumar
