-

Garett Bjorkman Joins CIM Group to Co-Lead Opportunity Zones Platform with Robert Dupree as Firm Continues to Expand OZ Strategy

LOS ANGELES--(BUSINESS WIRE)--CIM Group announced that Garett Bjorkman has returned to the firm as Principal and Co-Head of Opportunity Zones.

Mr. Bjorkman previously served as Managing Director, Portfolio Oversight at CIM Group from 2015 to 2024 and helped launch the firm’s Opportunity Zones platform in 2019. In his new role, he will co-lead the platform with Robert Dupree, Principal, and senior leader with more than a decade of experience across CIM’s platforms.

“We are excited to welcome Garett back to CIM,” said Avi Shemesh, Co-Founder and Principal, CIM Group. “He brings extensive understanding of the platform, strong relationships, and proven leadership, making him exceptionally well-suited for this role. Together, Garett and Robert bring a strong partnership that will further advance our conviction in Opportunity Zones and their ability to drive investments into underserved communities.”

“I am honored to return to CIM Group and co-lead a strategy that has been a meaningful part of my career,” said Mr. Bjorkman. “Having been involved in the platform’s early development, I have seen firsthand the strength of CIM’s vision, its commitment to communities, and the impact Opportunity Zone investment can have on job creation and economic growth. I look forward to partnering with Robert and the team to build on the strong foundation already in place.”

Mr. Bjorkman has more than 15 years of experience in leading investment strategy and sourcing, asset management, product development, and portfolio management. He earned a Bachelor of Science degree in Business Administration with concentrations in Real Estate and International Business from the University of Denver. He will be based in Phoenix.

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. For more information, visit www.cimgroup.com.

Contacts

Media Contact
Bill Mendel
Mendel Communications
212.397.1030
bill@mendelcommunications.com

CIM Group


Release Versions

Contacts

Media Contact
Bill Mendel
Mendel Communications
212.397.1030
bill@mendelcommunications.com

More News From CIM Group

CIM Group Welcomes Adam Lerer as Managing Director in Continued Expansion of Real Estate Equity Team

LOS ANGELES--(BUSINESS WIRE)--CIM Group announced today that Adam Lerer has joined the firm as Managing Director, Investments. Mr. Lerer joins CIM's Real Estate Equity team, which manages core, value-add, net lease, impact, and Opportunity Zone strategies across multiple property types. In this role, Mr. Lerer will focus on sourcing, structuring, and executing new opportunities for CIM’s real estate strategies while helping grow the firm’s Real Estate Equity platform. “Adam brings a wealth of e...

CIM Group Expands New York Portfolio with Acquisition of 134-Unit Apartment Community in White Plains

LOS ANGELES--(BUSINESS WIRE)--CIM Group announced today the acquisition of 51 South, a 134-unit apartment community in White Plains, NY, in partnership with Hulic Co., Ltd.51 South is an eight-story building located at 51 S. Broadway in the heart of White Plains. Completed in 2025, the community offers contemporary studio, one- and two-bedroom residences with access to more than 20,000 square feet of best-in-market amenities, including coworking space, indoor and outdoor lounges, and a variety o...

CIM Group’s Permanent Power Company Appoints Steve Vavrik as Chief Executive Officer

LOS ANGELES--(BUSINESS WIRE)--Permanent Power Company, a platform formed to own, operate and expand power assets across the United States, announced today that Steve Vavrik has been appointed Chief Executive Officer. As CEO of the CIM Group portfolio company, he will lead Permanent Power Company’s business strategy, identify and evaluate strategic opportunities, and work closely with the firm’s investments, development, capital markets and other operational functions to support the company’s co...
Back to Newsroom