CIM Group And Hulic Co., Ltd Acquire 166-Unit Mixed-Use Property In West Hollywood

The property asset involved in the transaction is a mixed-use development comprising 166 residential units located at 7141 Santa Monica Boulevard in West Hollywood, California. This acquisition allows CIM Group to expand its multifamily portfolio in Los Angeles within a market that is characterized by strong rental demand and limited supply.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Undisclosed
• Address: 7141 Santa Monica Boulevard
• Market: West Hollywood, CA
• Units: 166
• Buyer: CIM Group; Hulic Co., Ltd

The acquisition was facilitated by Schaun Kuba, Richard Ressler, and Avi Shemesh, who represent CIM Group in this transaction. This partnership marks a strategic enhancement to CIM Group’s holdings, further reinforcing its position in the competitive Los Angeles market.