CIM Core Real Estate Fund Added to NCREIF’s NFI-ODCE Index
LOS ANGELES--CIM Group, a community-focused real estate and infrastructure owner, operator, lender, and developer, announced today that its open-end core real estate fund (the “Fund”) has been added to the National Council of Real Estate Investment Fiduciaries’ (NCREIF) Open‐end Diversified Core Equity Index (NFI-ODCE) commencing Q4 2020. Inclusion in the NFI-ODCE Index does not change the Fund’s strategy.
The NFI-ODCE is a capitalization-weighted, gross of fee, time-weighted return index with an inception date of December 31, 1977. As of December 31, 2020, the NFI-ODCE consisted of 26 funds, totaling $209 billion of net real estate assets. Open-end funds are generally defined as infinite-life vehicles consisting of multiple investors having the ability to enter or exit the fund on a periodic basis, subject to contribution and/or redemption requests, thereby providing a degree of potential investment liquidity. The term Diversified Core Equity style typically reflects lower risk investment strategies utilizing low leverage and generally represented by equity ownership positions in stable U.S. operating properties diversified across regions and property types.1
1 Source: https://www.ncreif.org/data-products/funds/
About CIM Group
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.