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CIM Group closed $57.5 million in a loan to Creation Equity and PGIM Real Estate to refinance a Houston industrial property portfolio.

Feb 24, 2025•5 months ago

Amount Raised

$57.5 Million

Phoenix

Investors

Pgim Real EstateCreation Equity

Description

CIM Group announced the closing of a $57.5 million whole loan to Creation Equity and PGIM Real Estate for refinancing a four-building industrial property portfolio in Northwest Houston. This financing will support the in-fill developments located conveniently near the Port of Houston.

Company Information

Company

CIM Group

Location

Phoenix, Arizona, United States

About

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

Funding Insights

Based on industry data
VC-backed spending patterns
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Tech investment trends
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