National + Retail | February 6, 2019

Connect Media has added six professionals to its Connect Creative team

CIM Group Expands 25-Year Focus on Opportunity Zones

Los Angeles-based CIM Group is expanding its focus on investing in Opportunity Zones. CIM has been investing in Opportunity Zones as a prudent investment strategy long before these areas were considered Opportunity Zones.

The strategy of identifying densely-populated communities where it could invest and bring needed real estate and infrastructure projects to improve the experience of the people in the communities has been a part of its growth since its inception 25 years ago. The Act offers the potential to qualify for added tax benefits from new Opportunity Zone investments, in areas in which CIM has already targeted and has been actively developing, repositioning, and operating properties.

With 65 of CIM’s Qualified Communities already located in Opportunity Zones and having owned developed, repositioned and operated more than 50 investments in Opportunity Zones, the company is well-positioned with specific market knowledge and vertically- integrated investment, development, and property management teams in place.

CIM currently controls more than $3 billion in assets in areas considered Opportunity Zones, and since 1994 it has invested in properties located in more than 40 Opportunity Zones throughout the country. CIM’s long-standing community-based approach directly aligns with the underlying goals of driving real estate improvements and bringing new businesses to Opportunity Zones.

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With CIM Group

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.