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CIM Real Assets & Credit Fund acquires District La Brea, a collection of influential street retail and commercial buildings

PUBLIC · CMRFDec 13, 2024

Acquiring Company

CIM Group

PhoenixFinancial ServicesReal EstateFinanceReal Estate InvestmentLendingCommercial Real Estate

Description

CIM Group has announced the acquisition of District La Brea, which offers high visibility retail storefronts and commercial space. This acquisition adds approximately 82,210 square feet of commercial space and 171 parking stalls to CIM Real Assets & Credit Fund's portfolio, expanding its presence in the prominent Los Angeles location.

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Company Information

Company

CIM Group

Location

Phoenix, Arizona, United States

About

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

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