Shaul Kuba Of CIM Group And John Hope Bryant Of Bryant Group Ventures Acquire 40-Unit Senior Housing In Los Angeles

The transaction involved an asset classified as Senior Housing, with a total square footage of 22,100 and consisting of 40 units. The property is located at 2420 South Western Avenue in Los Angeles, CA.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Square Footage: 22,100
• Units: 40
• Address: 2420 South Western Avenue
• Market: Los Angeles, CA
• Buyer: Shaul Kuba - CIM Group
• Buyer: John Hope Bryant - Bryant Group Ventures

CIM Group and Bryant Group Ventures acquired FAME Arms, a property within the West Adams neighborhood. The acquisition was facilitated through their joint Affordable Housing Impact Fund, which aims to address deferred maintenance issues. Additionally, the deal includes a 20-year extension of the property's Section 8 contract, which will help maintain affordable rents for low-income seniors and residents with disabilities.