Dallas Real Estate Investment Trust CMCT Names Chief Investment Officer

CMCT said that Shaul 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.

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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