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CIM Core Real Estate Strategy - Shadow Mountain Industrial Park in Sun Valley, CA

Core Real Estate Strategy

Focuses on acquiring and managing income-producing properties with upside potential.
With our vertically integrated team and local expertise, we strive to increase core asset value and enhance the surrounding community.

Creating Value

Our active core strategy seeks to acquire assets with current cashflow and potential for net operating income growth. We leverage proprietary data and local expertise for effective decision making to acquire the right assets, then seek to actively manage and improve the properties.

Depending on the individual asset and the community’s needs, we strive to create value in core properties through any of the following methods:

  • Proprietary sourcing
  • Leasing vacant spaces
  • Increasing existing rent to market levels
  • Capital enhancements
  • Operational and potential ESG improvements

These asset-level strategies align directly with our core competencies and in-house expertise.

Interior 55 Hawthorn in San Francisco, CA
Los Angeles, CA

Potential Core Property Types

  • Industrial
  • Multifamily
  • Office
  • Retail
  • Mixed-use

Core Strategy Overview

We take an active approach to core real estate. After acquiring assets with current cashflow and the potential for net operating income growth, we focus on actively managing and improving those assets.

Core Strategy in Action
CIM Group Core Real Estate Strategy - Turtle Creek Village in Dallas, TX

Turtle Creek Village
Dallas, TX

Turtle Creek Village is a mixed-use office and retail center located in the Turtle Creek neighborhood of Dallas, TX. The area is highly sought-after for office, residential and retail uses due to its strong surrounding demographics, convenient access to transportation, ample parking, lifestyle amenities and public recreation.

When CIM acquired the property in 2017, Turtle Creek Village’s office rents were significantly below market. Within its retail component, we found that the property and community could benefit from retailers with a focus towards health, wellness and beauty.

CIM Group Core Real Estate Strategy - Turtle Creek Village in Dallas, TX
CIM Group Core Real Estate Strategy - Turtle Creek Village in Dallas, TX

CIM's vertically integrated team was well-equipped to handle the asset’s complex value creation opportunities. CIM’s Leasing team worked with new and existing office tenants to execute leases at rent levels more consistent with market rates. CIM’s Property Management team helped determine which tenants would best fit the neighborhood and the Leasing team identified new tenants which provided goods and services that catered to the community’s needs. CIM’s Construction team further improved the asset by completing a new tenant amenity center for office tenants.

Thanks to the combined efforts of CIM’s vertically integrated team, Turtle Creek Village is helping to serve the needs of the local community. The property’s 227,000-square-foot office building is occupied by a diverse tenant base, and its nearly 95,000 square feet of retail space is anchored by a regional grocery chain and features a variety of service tenants, restaurants and more. Learn more about Turtle Creek Village on its website.

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CIM Group Core Real Estate Strategy - Turtle Creek Village in Dallas, TX