CIP Real Estate

CIP Real Estate LLC ("CIP Real Estate" or "CIP") is a full-service real estate investment and management company dedicated to creating value for its investment partners and providing quality service to its tenants. With a proven track record of success in both favorable and challenging market cycles, CIP Real Estate is a responsible steward of its capital and operates under the strictest standards of financial reporting and due diligence.

At CIP Real Estate, "value-add" is not just a buzzword; it is indicative of both the company's investment strategy and its corporate philosophy. Founded in 1995, CIP Real Estate has completed more than $2.5 billion in real estate transactions and currently owns and manages over 10.0 million square feet of high-quality properties across the United States. The company has offices in Ontario (CA), Riverside (CA), Hayward (CA), Las Vegas, Charlotte, Atlanta, and Dallas.

CIP Real Estate's principals, Eric Smyth and Robert Strom, combined their extensive backgrounds in development, investment, finance, law, management, and marketing to create a company that is built on service and driven by results. The company's core business plan involves acquiring and creating value in real estate assets and co-investing with institutional joint venture partners.

To implement its business plan, CIP Real Estate established an industrial portfolio investment program, currently valued at over $1.0 billion, with New York-based Almanac Realty Investors, LLC ("Almanac"). Almanac, a Neuberger Berman company, is a leading provider of growth capital to private and public real estate companies. Since 1996, Almanac-managed funds have committed more than $7.7 billion to 52 companies in North America (as of November 2023).

Services Offered

As a full-service real estate investment and management company, CIP Real Estate offers a wide range of services, including:

• Acquisition: CIP Real Estate's principals have extensive experience in identifying, evaluating, and acquiring high-quality real estate assets. The company's acquisition strategy is focused on value-add opportunities, and it has a proven track record of successfully acquiring and repositioning assets to maximize value.
• Development: CIP Real Estate has a strong development platform that enables it to identify, evaluate, and execute on development opportunities that align with its investment strategy. The company has experience developing a wide range of property types, including office, business, and industrial parks.
• Repositioning: CIP Real Estate has a successful track record of repositioning assets to maximize their value. The company's repositioning strategy is focused on identifying opportunities to improve an asset's physical condition, operational efficiency, and tenant mix.
• Management: CIP Real Estate provides institutional-level asset management services to its tenants. The company's property management team is experienced in managing a wide range of property types and is committed to providing high-quality service to its tenants.
• Investment Criteria: CIP Real Estate's investment criteria are focused on value-add opportunities in strategic locations. The company targets assets with strong underlying fundamentals and the potential for value creation through repositioning, development, or operational improvements.

Recent News

• Celebrating 27+ Years: CIP Real Estate is proud to celebrate over 27 years of success in the real estate industry. The company has a proven track record of creating value for its investment partners and providing quality service to its tenants.
• Selwyn, CIP Break Ground on 240,000 SF Waterford Business Park in Metro Charlotte: Selwyn Property Group and CIP Real Estate have broken ground on Waterford Business Park, a 240,000-square-foot speculative industrial park in Rock Hill, South Carolina.
• After Record-setting Year, CIP Real Estate Plans to Continue Growing its Industrial Portfolio in 2023: CIP Real Estate plans to acquire $100-120 million in properties in the first half of 2023, continuing its growth strategy in the industrial sector.
• CIP Real Estate Portfolio Tops $1B, Leased 90K-SF Building In Georgia to Hyundai: CIP Real Estate's portfolio has exceeded $1 billion in value, and it has leased a 90,000-square-foot building in Georgia to Hyundai.