How is this not illegal?

CMCT (the public REIT of CIM) bought a deal from CIM and is facing a foreclosure on it. Article below. 

So they bought their own deal and used retail public investors money to do so; and now could lose the deal because they obviously overpaid for it. Shouldn't this be illegal?…


CIM doing something that doesn’t quite pass the smell test? 

Commercial Real Estate Developer

It's not illegal but if you are dealing with two funds backed by institutional LPs (Endowments, Pensions, etc.) they absolutely fucking hate related-party transactions like that. Occasionally there is a rare situation in which an open-ended core fund will by assets from a value add fund in a deal that is truly supported by all LPs involved, or there will be a spin out of assets to seed a new fund or something, but it's always a pain in the ass. 

But of course retail money doesn't know that this is even something they should be worried about. It always shocks me just how susceptible retail investors are to getting taken advantage of by people selling them shit on a stick and telling them they're getting access to some exclusive, elite hedge fund / PE strategy 


Facere eligendi velit laudantium molestiae quaerat. Qui eius similique aut soluta enim nesciunt quaerat. In et doloribus debitis voluptatem exercitationem dolorem et.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (23) $378
  • Associates (95) $261
  • 3rd+ Year Analyst (14) $181
  • 2nd Year Analyst (69) $168
  • Intern/Summer Associate (34) $167
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (152) $101
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”


From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”