LOS ANGELES, CA – CIM Group announced the sale of Elevate, a four-tale 147-unit apartment and retail building located at 1515 S. Granville Avenue at the south west intersection of Santa Monica Boulevard in West Los Angeles. CIM completed the construction of the building on the site of a former auto dealership in summer 2019. Also included in the sale was The Westgate Collection, three smaller, four-tale buildings with a total of 37 apartment homes on parcels to the south of Elevate.
Elevate features a modern architectural design with modulated roof heights and façade highlights. Apartments range from studios, one- and two-bedroom floorplans to three live/work spaces. 16 of the apartments are designated as affordable units.
Residents started occupying Elevate last year and delight in multiple indoor and outdoor gathering areas including a clubhouse and game room, pool deck, outdoor terraces and lounge as well as a gym and co-working space. Community-serving retail including Target, Healthy Spot pet store, and an AKT Fitness studio occupy a significant part of the approximately 42,000-square-foot ground floor space. Subterranean parking serves the residents and retailers.
The Westgate Collection is comprised of three buildings with modern one-, two- and three- bedroom residences, most having balconies. The Westgate Collection completed in 2017 features a landscaped courtyard and a rooftop lounge with a fireplace and sundeck.
For more than 25 years, CIM Group has utilized its broad expertise of owning, developing, repositioning, and operating real estate assets to transform communities and make dynamic environments throughout Los Angeles as it does throughout the Americas.

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AUSTIN, TX – Casoro Group, an award-winning multifamily real estate investment firm based in Austin, announced a new partnership with Civitas Capital Group to buy a 1,070 unit portfolio in the Dallas/Fort Worth market.
The transaction, which closed on February 28, will include renovations to Vistas at Pinnacle Park and Mariposa Villas located in Dallas, River Oaks located in Wylie, Savoy of Garland located in Garland, and Huntington Ridge located in DeSoto.
While the property exteriors of these communities match those of their Class A competitors, improvements will concentrate on the common area finishes and interiors. Value will also be added through the services and activities offered to the residents.
Casoro Group is building towards a vision of providing better homes for better lives, said Yuen Yung, CEO for Casoro Group. We no longer define value-add as simply upgrading finishes, renovating the property, and calling it a day. We are taking a more resident-focused approach to value-add.
Residents at each of the five communities will be surveyed to know what services and activities they want to see implemented at their community. This allows each community to customize its offerings to what the residents are interested in and will value the most. Past surveys have shown a wide-range of requests from dog walking services and breakfast-on-the-go to self-defense classes for women and after-school programs.
Our surveys are telling us that we need to take a holistic approach to adding value to our residents lives, said Jessica Lee-Wen, Director of Marketing for Casoro Group. Not only are they looking for convenience but they want to enrich their lives intellectually, physically, and socially. How our residents want to achieve that is driven by their feedback. We just look for the opportunities to provide them with it.
Being a vertically-integrated firm allows Casoro Group to work closely with their sister company, CLEAR Property Management, to implement these activities.
The portfolio is located within a 20-mile radius of the Dallas CBD in high-growth, suburban areas. Their locations provide residents with access to all employment drivers the city has to offer. Dallas has seen unprecedented economic growth and migration in recent years as a result of its diverse economy and business-friendly environment.
“Backed by a solid bench of institutional capital partners and in-house capital, this acquisition reflects our deep commitment to acquiring quality, value-add multifamily portfolios within Texas, said Chi Hathiramani, CIO of Casoro Group. We re also looking to buy real estate companies that own 1,000 to 5,000 units in the Sunbelt region; from Texas to the Carolinas and down to Florida. Our goal is to be a national, multifamily player with 20,000 units by the end of 2022 by providing better homes for better lives.

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NASHVILLE, TN – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 248-unit Commonwealth at 31 multifamily apartment community in Spring Hill, Tennessee. The buy marks the firm’s third acquisition of the 2020 year and fifth acquisition in the Nashville metro area to-date.
“Commonwealth at 31 offered an attractive opportunity to buy a brand-new property in the strong submarket of Spring Hill,” said David Nelson, managing director of transactions for Hamilton Zanze. “The property features a contemporary vintage, robust amenity package, and prime location which will provide our residents with the quality of life offered in Nashville’s urban core. As this is our fourth acquisition in the metro within the last 12 months, we are excited about our continued growth in the region.”
Built in 2017, Commonwealth at 31 offers spacious one-, two-, and three-bedroom units averaging just over one-thousand square feet each. The community includes a resort-style swimming pool, fitness center, dog park, and community fire pits. Large units feature washers and dryers, private balconies, walk-in closets, and stainless-steel appliances.
HZ’s capital improvements plot includes community amenity upgrades, environmentally conscious interior investments, and exterior renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.
The community is located a 35-minute drive south of downtown Nashville in Williamson County, which is home to the top-ranked school district in Tennessee, a strong driver of housing demand in the area. Nashville has seen tremendous growth in recent years, benefiting from a well-established economy driven by top universities, including Vanderbilt University, and abundant business opportunity.

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