Market Overview

CIM Group Acquires Newly-Constructed Apartment Property in Washington, D.C.

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CIM Group today announced that it has acquired Trellis House, a
newly-constructed, 6-story, mixed-used property in Washington, D.C.'s
Shaw/U Street Corridor. The property consists of 319 residential units
and approximately 11,000 square feet of ground-floor retail space.

At 907 Barry Place NW, Trellis House is situated at the intersection of
two of Washington, D.C.'s most vibrant neighborhoods, Shaw and the U
Street corridor, both known for their rich cultures, histories, and
music scenes. Trellis House is a short walk from the area's diverse
offering of shops, restaurants, nightclubs, galleries, and music venues,
and is also located adjacent to Howard University.

Trellis House is proximate to public and alternate transportation
options, including the Green Line subway that provides connections to
the entire Metro network. In addition, two nearby Capital Bikeshare
stations will give the property's residents access to thousands of bikes
at docks across the city. The property also has direct access to a
12-acre public park with an Olympic-sized pool, track, and playground as
well as tennis courts, basketball courts, and baseball fields.

Construction on Trellis House was recently completed, and its new units
are ready for move-in. The property's unit mix includes studios,
one-bedrooms, two-bedrooms, and townhomes. All residences feature
contemporary designs with modern finishes and fixtures as well as
in-unit washers and dryers. Generous community gathering spots,
amenities, and services include a 12,000-square-foot courtyard and pool
deck with fireplaces and grill stations, spa-quality fitness center with
spin stations and a yoga studio, club and game room, test kitchen,
co-working area, rooftop observation deck, pet spa, and 24/7 concierge.

CIM has been an active owner, developer, and operator in the greater
Washington, D.C. area for more than 15 years, and has developed or
operated more than 4,000 residential units in the greater Washington,
D.C. area. CIM was attracted to Trellis House in part because of its
sustainable green building status by achieving LEED certification.
Trellis House is an infill development that provides desirable new
housing in a walkable area, aligning with CIM's community focus. Since
its founding in 1994, CIM has been committed to enhancing its properties
by increasing sustainability, efficiency, and quality for tenants,
residents, and visitors as well as improving the character and value of
the communities in which it owns and operates properties.

For leasing information, please visit: https://www.trellishousedc.com/

About CIM Group

CIM is a community-focused real estate and infrastructure owner,
operator, and lender. Since 1994, CIM has led more than $56 billion of
projects in communities across the Americas on behalf of its own account
and its partners, co-investors, and shareholders. CIM's broad in-house
expertise includes decades of research, acquisition, credit analysis,
development, finance, leasing, and asset management experience in urban
real assets, net-lease assets, and other associated credit strategies.
CIM seeks to maximize its disciplined approach and extensive in-house
expertise by creating value in projects, which ultimately enhances
communities. For more information, visit www.cimgroup.com.

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