The funds managers will select investments based on a proprietary global database and research model developed by Global Real Analytics, an applied real estate analytics specialist known for its longstanding National Real Estate Index that CSIM acquired in January. Both CSIM and GRA are headquartered in San Francisco.
CSIM's head of real estate investment and research James Sempere, formerly GRA's chief operating officer, says the fund was launched in part because the opportunity to invest in securities worldwide is growing as more countries adopt a REIT-like structure similar to the US. The new fund will be in subscription until May 30 and will begin trading on May 31.
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