CIM, Bryant Group Partner on Impact Venture for Affordable Housing

CIM Group and Bryant Group Ventures (BGV), founded by influential leader and entrepreneur John Hope Bryant, have launched CIM-BGV Impact Ventures, an impact-driven partnership to address the need for affordable housing throughout the U.S.

The partnership’s CIM-BGV Affordable Housing Impact Fund (AHIF) completed its first closing on Oct. 17, securing $250 million-plus in total investment capacity through fund equity and access to loan capacity. This positions the fund to achieve its target within one year, enabling approximately $1 billion of total capacity for affordable housing investments. Anchor investors include Flagstar Bank and Truist Bank, with additional equity support from City National Bank and other leading financial institutions.

The AHIF has a deep pipeline of opportunities, according to CIM-BGV Impact Ventures. It expects to commence closing transactions in initial key markets of Southern California, Georgia, the Washington, DC metro, New York metro and Florida within the next few months.

Pictured: Parkview Living in Los Angeles, a previous affordable development by CIM Group.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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