CIM Group Unveils Boutique 23-Unit Apartment Building at 2599 Alsace in West Adams Neighborhood

LOS ANGELES--(BUSINESS WIRE)--CIM Group today announced the opening of a six-story apartment building at 2599 Alsace Ave. in the bustling West Adams neighborhood.

2599 Alsace offers 23 one- and two-bedroom residences in a modern living environment with a contemporary design and in-demand features such as wood-style flooring, kitchens with stone counters, stainless steel appliances and sleek cabinetry, in-unit washer and dryer, and select units offering walk-in closets and balconies.

Residents can enjoy the inviting, temperate Southern California climate on the rooftop terrace fitted with grilling stations and cozy areas designed for informal gatherings or quiet contemplation taking in the area views. 2599 Alsace provides Amazon lockers, bike racks and storage and individual controlled building access through a video intercom system. Residents will also have access to a 1,300-square-foot high end lounge on the ground floor.

2599 Alsace is CIM Group’s latest in-fill housing development bringing new apartments to the West Adams neighborhood that offers a mix of historic buildings and established businesses alongside innovative entrepreneurs that have chosen the area to launch new dining, retail and entertainment concepts. The apartment building is in a central location near public transportation options and offers easy access to Downtown Los Angeles, Santa Monica, and the Westside, Culver City, Beverly Hills, and Hollywood due to its proximity to the 10 Freeway and the Metro light rail system.

For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.

For additional information on 2599 Alsace, please visit www.2599alsace.com

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.