CIM Group, a Los Angeles-based company, has provided funding for the establishment of Round Hill Capital Ventures. This new investment platform has acquired management contracts for assets previously under the management of Round Hill Capital. The terms of this agreement have not been disclosed.
The successor entity will be led by Michael Bickford as CEO and will continue to manage its portfolio through teams located in six offices across Europe, the United Kingdom, and the United States. As part of their partnership, CIM Group is also providing growth capital to support Round Hill Capital Ventures.
Round Hill Capital Ventures now oversees a $2.1-billion real estate portfolio focused on investments and developments primarily in Europe with a concentration in residential properties. This includes 13,450 units spread across 10 countries such as the U.K., Netherlands Germany Spain Portugal Ireland Denmark Finland France and also includes some properties in the U.S.
Richard Ressler co-founder and principal at CIM Group stated that they believe Round Hill Capital Ventures will become one of top living sector fund managers throughout Europe and UK markets.They are excited to be an investor as well as supportive partner during their future growth journey.Pictured here are The Six13 apartments owned by Round hill capital located Fort Lauderdale Florida.
