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CIM Group Partners on Creation of Round Hill Capital Ventures
Los Angeles-based CIM Group has provided financing for the creation of Round Hill Capital Ventures, a newly formed investment platform that has acquired management contracts for assets formerly managed by Round Hill Capital. Terms were not disclosed.
Michael Bickford will serve as CEO of the successor entity, with the portfolio continuing to be managed by teams across six offices in the EU, the U.K. and the U.S. As part of the partnership, CIM Group is also providing growth capital to Round Hill Capital Ventures.
Round Hill Capital Ventures will manage a $2.1-billion portfolio of investment and development real estate located predominantly in Europe and concentrated in the residential sector, representing 13,450 units in 10 countries including the U.K., Netherlands, Germany, Spain, Portugal, Ireland, Denmark, Finland, France and the U.S.
“We believe Round Hill Capital Ventures will be a top-tier living sector fund manager across the EU and the U.K., and we look forward to being a part of its growth going forward as an investor and supportive partner,” said Richard Ressler, co-founder and principal of CIM Group.
Pictured: Round Hill Capital’s The Six13 apartments in Fort Lauderdale, FL.
- ◦Financing
