CIM Group Completes The Read 75-Unit Apartment Community in West Adams Neighborhood of Los Angeles

LOS ANGELES--(BUSINESS WIRE)--CIM Group announced today the completion of The Read, a 75-unit, six-story apartment building with 9,000 square feet of ground floor retail space located at 5217 W. Adams Blvd. in Los Angeles.

The Read derives its name from its location at the corner of Redondo and West Adams Boulevards. The property offers one- and two-bedroom residences with wood flooring, in-unit washers and dryers, quartz countertops, large windows, and contemporary fixtures. Amenities include a rooftop lounge with BBQ grills and a fully equipped fitness center.

Just beyond the front door residents will find themselves in the center of the walkable West Adams district, one of Los Angeles’ most historic and culturally rich neighborhoods. The Read places residents just steps from a vibrant collection of historic buildings and established businesses alongside innovative entrepreneurs that have chosen the area to launch new dining experiences, local retail concepts and entertainment and cultural attractions.

The Read is convenient to 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.

The Read is located in a Qualified Opportunity Zone. For more than 20 years, CIM Group has acquired and developed real estate and infrastructure assets across communities now designated as Opportunity Zones.

For additional details and leasing information visit www.thereadla.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.