cim group · 2019-10-29 · cim’s experience with real assets, infrastructure, net-lease assets...

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CIM Group www.cimgroup.com | 4700 Wilshire Boulevard, Los Angeles, California 90010 | 323.860.4900 | © 2019 CIM Group Investment Sourcing Opportunities Third Quarter 2019 CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Our broad in-house expertise includes decades of research, acquisition, credit analysis, development, finance, leasing and property management. CIM’s experience with real assets, infrastructure, net- lease assets and associated credit strategies share an investment principle of helping strengthen local economies. Since 1994, CIM has rigorously qualified 124 urban communities for investment, and has owned and operated assets in 74 of them. 1. As of 6/30/2019. Assets Owned and Operated (AOO) represents the aggregate assets owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and coinvestors, whether or not CIM has discretion, in each case without duplication. AOO also includes the $0.3 billion of AOO attributable to CIM Compass Latin America (CCLA), which is 50% owned and jointly operated by CIM. Mexico San Francisco San Francisco Los Angeles Los Angeles Washington, DC Washington, DC New York New York Austin Austin Oakland Oakland Chicago Chicago Boston Boston Denver Denver Areas with Asset(s) Areas Approved for Asset(s) Corporate Offices About CIM CIM’s Qualified Communities CIM Community-Focused Investment Strategies » Loans in communities where CIM has strong operational capabilities » Cashflow yield » Current cashflow » Cashflow yield and asset- level value appreciation » Current or near-term cashflow » Asset-level value appreciation with growing income » Redevelopment, repositioning, development, lease-up » Asset-level value appreciation » Single-tenant properties leased long-term to creditworthy tenants » Loans to cashflowing real property » Stable, current cashflow 25 Years in Business $30.6 billion Assets Owned and Operated 1 124 CIM Qualified Communities 74 Qualified Communities with CIM Assets 8 Corporate Offices Across the U.S. 979 CIM Employees 1 Creating Value. Enhancing Communities. Opportunistic Equity Stabilized Equity Value-Add Equity CIM Community-Focused Real Estate Debt National Credit & Net Lease

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Page 1: CIM Group · 2019-10-29 · CIM’s experience with real assets, infrastructure, net-lease assets and associated credit strategies share an investment principle of helping strengthen

CIM Group

www.cimgroup.com | 4700 Wilshire Boulevard, Los Angeles, California 90010 | 323.860.4900 | © 2019 CIM Group

Investment Sourcing Opportunities Third Quarter 2019

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer.

Our broad in-house expertise includes decades of research, acquisition, credit analysis, development, finance, leasing and property management.

CIM’s experience with real assets, infrastructure, net-lease assets and associated credit strategies share an investment principle of helping strengthen local economies.

Since 1994, CIM has rigorously qualified 124 urban communities for investment, and has owned and operated assets in 74 of them.

1. As of 6/30/2019. Assets Owned and Operated (AOO) represents the aggregate assets owned and operated by CIM on behalf of partners (including where CIM contributes alongside for its own account) and coinvestors, whether or not CIM has discretion, in each case without duplication. AOO also includes the $0.3 billion of AOO attributable to CIM Compass Latin America (CCLA), which is 50% owned and jointly operated by CIM.

Mexico

San FranciscoSan Francisco

Los AngelesLos Angeles Washington, DCWashington, DC

New YorkNew York

AustinAustin

OaklandOakland ChicagoChicago BostonBostonDenverDenver

Areas with Asset(s)Areas Approved for Asset(s)

Corporate Offices

About CIM

CIM’s Qualified Communities

CIM Community-Focused Investment Strategies

» Loans in communities where CIM has strong operational capabilities

» Cashflow yield

» Current cashflow » Cashflow yield and asset-

level value appreciation

» Current or near-term cashflow

» Asset-level value appreciation with growing income

» Redevelopment, repositioning, development, lease-up

» Asset-level value appreciation

» Single-tenant properties leased long-term to creditworthy tenants

» Loans to cashflowing real property

» Stable, current cashflow

25Years in Business

$30.6 billionAssets Owned and Operated1

124CIM Qualified Communities

74Qualified Communities

with CIM Assets

8Corporate Offices Across the U.S.

979CIM Employees1

Creating Value.Enhancing Communities.

Opportunistic Equity Stabilized Equity Value-Add Equity CIM Community-Focused Real Estate Debt

National Credit & Net Lease

Page 2: CIM Group · 2019-10-29 · CIM’s experience with real assets, infrastructure, net-lease assets and associated credit strategies share an investment principle of helping strengthen

www.cimgroup.com

CIM GroupInvestment Sourcing Opportunities

Opportunistic Equity

Representative Transactions

Real Estate Debt

Net Lease

Stabilized Equity

Value-Add (Infra)

Value-Add (Real Estate)

» West building: five interconnected buildings for redevelopment into condominiums and retail

» East building: site planned for 83-story residential and retail tower » Strong for-sale residential fundamentals » Irreplaceable location in Magnificent Mile

» Mezzanine loan on 23-story condominium construction project » Prime location just east of TriBeCa and facing City Hall Park » Significant public and private investment of $30 billion in downtown

Manhattan over past decade

» 162,000 SF property serves as Valvoline’s corporate headquarters, housing senior executives and key departments

» NN lease with 14.3 years remaining at time of acquisition » Annual rent increases and three five-year renewal options

» Two Class B+ office buildings in the LoDo submarket of Denver » 1331 17th St is 220,000 sf. 1401 17th St is 190,000 sf » Collectively ~80% leased » Prominent location » High barriers to entry for office product

» The Center has vital yet economical connectivity to the busy Downtown Toronto Hub

» 2 megawatts of power are currently available, and the property is entitled for an additional 60,000 sf data center building

» Potential for cost-saving build-out of partially-developed space

» 25-story office and retail building located in the corridor between Herald Square, Times Square and Bryant Park

» Close proximity to commuter hubs and nearly all NYC subway lines » Reposition opportunity to mark-to-market rent/lease-up vacancy

1440 Broadway | New York, NY

Markham Data Center | Markham, ON

Tribune Towers | Chicago, IL

Valvoline Headquarters | Lexington, KY

One Beekman | New York, NY

Artistic renderings for illustrative purposes only.

Artistic renderings for illustrative purposes only.

LoDo Towers | Denver, CO

Creating Value. Enhancing Communities.