CIM Group, Hulic Acquire West Hollywood Apartment Property

CIM Group completed the acquisition of Domain WeHo, a 166-unit apartment community in West Hollywood, in partnership with Hulic Co., Ltd. Although terms were not disclosed, LA Business First reported that the previous owner, RREEF Property Trust, paid more than $103 million in 2019.

Domain is a seven-story building with 9,185 square feet of ground-floor retail located at 7141 Santa Monica Blvd. west of La Brea Avenue, a major business corridor and active neighborhood with several restaurants, retail and entertainment venues as well as creative offices. Opened in fall 2017, Domain offers studio, one- and two-bedroom residences, including 33 designated as affordable.

According to LA Business First, Domain WeHo sits kitty-corner to the studio campus The Lot at Formosa, also owned by CIM Group. Last year, the firm transferred ownership of the property to a shell company controlled by CIM as part of a recapitalization.

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