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Hamid Moghadam says the logistics real estate giant is now focusing on acquiring assets with higher-return potential.
Over the long-term, the firm hopes to have half of its portfolio in the US and other developed markets.
The transaction market remains stymied by a wide gap between buyers and sellers.
The US multifamily markets are largely seeing strong demand indicators, but disrupted commercial real estate capital markets are complicating the situation.
Leverage helped to fuel acquisitions, refinancings and returns over the past cycle. Now, lenders and borrowers are working to adapt to a new reality.
The New York-based manager has had a record year of originations, closing more than $1bn of new loans over the past 12 months.
CIM Group is responding to what it sees as an upswing in business and leisure travel as the US moves past the covid-19 pandemic.
RV ownership has risen by more than 60% in the past two decades and the park sector is still heavily fragmented.
The New York developer sees banks and debt funds originating construction loans on deals which have strong theses.
Owners of office buildings where the flexible space provider is a major tenant are in a predicament, whether or not the business survives.