A fund managed byAlmanac Realty Investors has agreed to provide$300 million in growth capital to CIP Real Estate.The funds will be used to accelerate CIP's value-add investmentstrategy, which focuses on value-add multi-tenant industrialproperties in select markets in the United States.
CIP pursues a vertically integrated investment strategyinvolving acquisitions, asset management, leasing, repositioningand, in some cases, development. CIP intends to partnerwith Almanac to build a diversified, institutional-qualityportfolio of multi-tenant industrial in the West Coast, Southeastand Southwest markets.
CIP retained JLL Securities as part of a broader strategicobjective which resulted in CIP's partnership with Almanac.
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