CIP Real Estate
CIP Real Estate is a privately held, vertically integrated industrial real estate investor founded in 1995 in Irvine, California. It acquires, repositions, and manages multi-tenant industrial and business parks across six U.S. states, serving more than 2,000 small and mid-bay tenants from its eight regional offices.
- Company typePrivate
- Founded1995
- HeadquartersIrvine, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What CIP Real Estate does
CIP Real Estate is a privately held, vertically integrated commercial real estate investment and management company founded in 1995 and headquartered in Irvine, California. The firm specializes in the acquisition, repositioning, development, and management of multi-tenant industrial and business parks, with a particular emphasis on small and mid-bay product (5,000–90,000+ SF) in supply-constrained infill submarkets. As of 2024, the company owned and managed 42 industrial properties totaling over 6.1 million square feet across six states (California, Texas, Georgia, North Carolina, South Carolina, and Florida), with a broader scale figure citing over 10 million square feet and a portfolio value exceeding $1.15 billion serving more than 2,000 tenants at approximately 91% occupancy.
The business model combines recurring rental income with value-add appreciation through targeted acquisitions, capital improvements, lease-up, and eventual disposition. CIP executes acquisitions ranging from $5 million to $100 million per asset and portfolios up to $300 million, often through joint ventures with institutional capital partners — most notably Almanac Realty Investors (a Neuberger Berman business unit), which has committed a cumulative $680 million across 2019 and 2024, and Alex. Brown Realty, with 25+ partnerships since 1998 totaling over $330 million. Asset management, leasing, property management, construction management, and reporting are performed in-house through wholly-owned subsidiary CIP Real Estate Property Services. The company maintains eight regional offices across the West Coast, Southeast, and Texas, with customers spanning manufacturing, logistics, distribution, R&D, and light industrial tenants including Fortune 500 names such as Tesla, Siemens, Netflix, Walgreens, BASF, and Hyundai.
In November 2025, CIP completed an $820 million syndicated refinancing of its industrial portfolio with Wells Fargo, JPMorgan Chase, and Goldman Sachs — the largest capital event in the company's history — and in February 2026 entered Jacksonville, Florida via the $51.6 million acquisition of JAX Airport Logistics Center. The firm has additionally expanded into ground-up development through a 2023 joint venture with Selwyn Property Group. CIP is led by CEO Eric Smyth, Chairman Robert Y. Strom, and COO Scott Flemer, with a leadership team whose tenure exceeds 25 years in multi-tenant industrial real estate.
CIP Real Estate firmographics
Firmographics- Name
- CIP Real Estate
- Legal name
- CIP Real Estate LLC
- Website
- https://ciprealestate.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CIP Real Estate is a privately held, vertically integrated industrial real estate investor founded in 1995 in Irvine, California. It acquires, repositions, and manages multi-tenant industrial and business parks across six U.S. states, serving more than 2,000 small and mid-bay tenants from its eight regional offices.
- Ownership category
- akta.pro rank
CIP Real Estate industry classification
Industry- Product category
- Industrial Real Estate Investment and Management
- NAICS
- Lessors of Real Estate (5311), Offices of Real Estate Agents and Brokers (53121)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
- akta.pro secondary industries
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Investment Sales Brokerage (BPAJABAI)
Keywords
Where CIP Real Estate is headquartered
LocationHeadquarters
- HQ city
- Irvine
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
CIP Real Estate business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Rental Income: CIP Real Estate generates revenue through rental income from its portfolio of multi-tenant industrial and business parks. Properties are leased to various tenants including industrial, flex, and distribution users.
- Property Appreciation and Asset Management: The company creates value through acquiring underperforming properties, implementing capital improvements, increasing occupancy and rental rates, and ultimately selling properties at appreciated values.
- Portfolio Refinancing: CIP has completed major refinancing activities including an $820 million loan for its industrial portfolio, generating financing income and maintaining liquidity for continued growth.
Distribution channels3 records
Marketing channels4 records
CIP Real Estate product offering
Product offeringCore offering
CIP Real Estate is a vertically integrated real estate investment and management company that acquires, repositions, develops, and manages multi-tenant industrial and business park properties. Its portfolio spans over 10 million square feet across West Coast, Southeast, and Texas markets, targeting acquisitions ranging from $5 million to $100 million per project and portfolios up to $300 million. The company generates revenue through rental income from leased industrial space to small, mid-bay, and larger-bay industrial, flex, distribution, and R&D tenants, supplemented by property appreciation and institutional capital partnerships.
Product overview
CIP Real Estate is a full-service real estate investment and management company focused on the acquisition, development, repositioning, and management of industrial assets throughout West Coast, Southeast, and Texas markets. Founded in 1995 and based in Irvine, CA, the company owns and manages industrial and business park properties. The company offers integrated services including Asset Management, Property Management, Marketing & Leasing, Development and Construction Management, and Reporting & Accounting through its wholly-owned subsidiary CIP Real Estate Property Services. The portfolio spans multiple markets including California (Ontario, Riverside, Hayward), Nevada (Las Vegas), Georgia (Atlanta), North Carolina (Charlotte), South Carolina, Florida (Tampa), and Texas (Dallas). The investment strategy focuses on multi-tenant small, mid-, and larger-bay industrial and business parks with a core-plus to value-add risk profile, targeting acquisitions from $5MM to $100MM or portfolios up to $300MM.
Differentiator
Problem solved
Functional benefit
Products and services
- Multi-Tenant Industrial Property Acquisition and Investment Direct acquisition of multi-tenant industrial, flex, and business park properties ranging from $5 million to $100 million per project, with portfolio acquisitions up to $300 million. Targets infill locations in West Coast, Southeast, and Texas markets for institutional investors and the company's own portfolio.
- Industrial Property Leasing Direct leasing of small bay (5,000-25,000 SF) and mid-bay (15,000-90,000+ SF) industrial, flex, distribution, and R&D space to business tenants across the company's portfolio of 42 industrial properties in six states.
- Property Management Services Turnkey property management delivered through the wholly-owned subsidiary CIP Real Estate Property Services, covering day-to-day operations, maintenance, tenant relations, and reporting across the company's industrial portfolio.
- Asset Management Services Strategic asset management for the company's own portfolio and joint venture partners, including value-add execution, capital improvement programs, leasing strategy, and disposition planning.
- Development and Construction Management Speculative and build-to-suit industrial development and construction management, including the 240,000 SF Waterford Business Park ground-up development in Rock Hill, SC, in joint venture with Selwyn Property Group (broke ground October 2023, completion scheduled Q4 2024).
- Marketing and Reporting Services Marketing, leasing support, financial reporting, and accounting services for industrial properties, delivered through CIP Real Estate Property Services to both the company's own portfolio and joint venture partners.
Quantifiable outcome
- Portfolio value exceeded $1 billion with 15 projects totaling 5.6 million+ square feet
- +3 more outcomes
Companies that use CIP Real Estate
Customer profileNamed customers21 records
Segments3 records
Ideal customer profiles2 records
CIP Real Estate technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CIP Real Estate partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Pan American Co.minorSeller of JAX Airport Logistics Center to CIP Real Estate. Property acquired for $51.6 million in Jacksonville, Florida.
- Cushman & WakefieldminorArranged $44.6 million acquisition financing for CIP Real Estate's purchase of JAX Airport Logistics Center.
- JLL Capital MarketsminorArranged $820 million refinancing for CIP's 6.1 million SF industrial portfolio across six states.
- Hazel Street CapitalminorJLL Capital Markets represented Hazel Street Capital and arranged financing for CIP Real Estate on a 26-acre industrial development site in Tampa.
- Selwyn Property GroupcoreJoint venture partner for Waterford Business Park development in Rock Hill, SC - a 240,000 SF speculative industrial development. CIP and Selwyn broke ground in October 2023 with completion scheduled for Q4 2024.
Scale indicators12 records
Recent moves6 records
Expansion highlights5 records
CIP Real Estate competitors and assessment
Company assessmentDirect peers
- Terreno Realty Corporation: Terreno Realty is a public REIT that acquires, owns, and operates industrial real estate in six major coastal U.S. markets, focused on infill locations. Closely mirrors CIP's infill, multi-tenant industrial acquisition and repositioning model.
- EastGroup Properties: EastGroup is a public REIT specializing in multi-tenant industrial properties in Sun Belt markets including Atlanta, Charlotte, Dallas, Tampa, and Florida — overlapping directly with CIP's Southeast and Texas geographic footprint and similar small-bay tenant focus.
- STAG Industrial: STAG Industrial is a public REIT focused on single-tenant and small multi-tenant industrial properties across the U.S. Comparable in target tenant size, geographic diversification, and value-add repositioning approach to CIP's strategy.
- Bridge Industrial: Bridge Industrial is a private industrial real estate operator focused on acquiring, developing, and operating Class-A industrial properties in core U.S. markets. Directly comparable as a private peer pursuing institutional capital and infill industrial strategies similar to CIP.
- Rexford Industrial Realty: Rexford Industrial is a publicly traded REIT focused exclusively on infill industrial properties in Southern California. Highly comparable to CIP's West Coast industrial focus, multi-tenant infill strategy, and value-add repositioning playbook.
- First Industrial Realty Trust: First Industrial is a public REIT that owns, operates, and develops industrial real estate across the U.S. with a focus on multi-tenant and bulk distribution properties in major markets. Comparable to CIP in target customer, asset type, and value-add strategy.
Broad incumbents
- Crow Holdings Industrial: Crow Holdings Industrial is the industrial arm of Crow Holdings Capital, a large private investment manager. Operates as both a developer and acquiror of industrial properties across major U.S. markets, comparable in institutional capital sourcing and infill strategy.
- Prologis: Prologis is the largest global industrial REIT with a dominant logistics-focused portfolio. While it competes with CIP for industrial deals, it operates at massive scale and primarily targets large modern distribution facilities, making CIP's small/mid-bay infill focus a more specialized niche.
Others
- JLL Industrial Capital Markets: JLL is a major commercial real estate services firm that has arranged financing for CIP's $820M refinancing and multiple acquisitions. Relevant as an ecosystem partner and capital markets intermediary rather than a direct operator competing for the same assets.
Emerging players
- McDonald Property Group: McDonald Property Group is a private industrial real estate investment firm focused on value-add acquisitions in select U.S. markets. Comparable in scale and value-add industrial strategy, though smaller portfolio than CIP.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
CIP Real Estate social profiles
Digital presenceCIP Real Estate financial estimates
Financial estimateRevenue estimate
Valuation estimate
CIP Real Estate leadership team
Management profileNumber of profiles
Profiles4 records
CIP Real Estate subsidiaries and ownership
Company hierarchySubsidiaries1 record
CIP Real Estate funding detail
Funding detailFunding overview
Funding rounds4 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CIP Real Estate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CIP Real Estate
What does CIP Real Estate do?
CIP Real Estate is a vertically integrated real estate investment and management company that acquires, repositions, develops, and manages multi-tenant industrial and business park properties. Its portfolio spans over 10 million square feet across West Coast, Southeast, and Texas markets, targeting acquisitions ranging from $5 million to $100 million per project and portfolios up to $300 million. The company generates revenue through rental income from leased industrial space to small, mid-bay, and larger-bay industrial, flex, distribution, and R&D tenants, supplemented by property appreciation and institutional capital partnerships.
Is CIP Real Estate a public or private company?
CIP Real Estate is a private company. It is classified as venture growth investor backed and is currently operating.
When was CIP Real Estate founded?
CIP Real Estate was founded in 1995. It employs 51 to 100 people.
Where is CIP Real Estate based?
CIP Real Estate is headquartered in Irvine, United States, in the North America region.
How does CIP Real Estate make money?
Three revenue lines are on record. Rental Income is the primary driver. The others are property Appreciation and Asset Management and portfolio Refinancing.
Who are CIP Real Estate's main competitors?
Direct peers on record are Terreno Realty Corporation, EastGroup Properties, STAG Industrial, Bridge Industrial, Rexford Industrial Realty and First Industrial Realty Trust. Broad incumbents are Crow Holdings Industrial and Prologis. JLL Industrial Capital Markets is listed as an others. McDonald Property Group is listed as an emerging player.
Does CIP Real Estate have an API?
No public API is recorded for CIP Real Estate.
What industry is CIP Real Estate in?
CIP Real Estate's product category is Industrial Real Estate Investment and Management. Its primary akta.pro industry code is BPAJAMAB, Commercial Real Estate Asset Management, with a secondary code of FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 5311 and its SIC code is 6532.