Shaul Kuba has been appointed chief investment officer by Dallas-based CMCT, a real estate investment trust that owns, operates, and develops premier multifamily and creative office assets.
Shaul Kuba [Photo: CIM Group]
CMCT said that Kuba will direct the continued expansion of CMCT’s portfolio of highly amenitized, premier multifamily and creative office assets in dynamic, high-barrier-to-entry markets across the nation.
Kuba is a CMCT board member as well as a co-founder of CIM Group. The company said that he brings a wealth of experience in creative office, multifamily, and mixed-use investment, and development in leading CMCT’s investment strategies which focus on next-gen assets and partnering with co-investors.
As part of its strategy, CMCT leverages the global partner and investor relationships and the development capabilities of CIM Group, its manager, to execute on CMCT’s pipeline using an asset-light approach.
CMCT said it raises third-party capital on an asset-level basis, maintains a minority interest, and earns a management fee and a percentage of the profits.
Recently, CMCT said it is acquiring 696 apartment units across three assets in Los Angeles and the San Francisco Bay Area. CMCT said it also has a pipeline of multifamily development opportunities on land it owns, representing more than 1,500 units.
In March, CMCT announced it closed a co-investment with three international institutional investors to convert a prominently located office building in Los Angeles to multifamily. CMCT will maintain 20% ownership of the building.
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