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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.
For comments, questions or concerns, please contact Dennis Kaiser
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