CIM Group has broadened its New York footprint by purchasing a 134‑unit apartment community in White Plains, a move that signals the firm’s continued focus on high‑growth, multi‑family markets. The acquisition adds a sizable portfolio of well‑maintained units to CIM’s existing holdings in the region, potentially boosting rental income and asset diversification. Industry observers note that the deal aligns with broader trends of consolidation in the New York metropolitan area, where demand for quality rental housing remains strong. The transaction underscores CIM’s strategy of targeting mature communities with solid cash flow and room for value‑add improvements.
CIM Group Expands New York Portfolio with Acquisition of 134-Unit Apartment Community in White Plains Business Wire
