CIM Group and Hulic Co., Ltd. Acquire 166-Unit Domain WeHo Apartments in West Hollywood
LOS ANGELES — CIM Group announced July 17 the acquisition of Domain WeHo, a 166-unit apartment community located at 7141 Santa Monica Blvd. in West Hollywood, Calif., in partnership with Hulic Co., Ltd. Financial terms of the deal were not disclosed.
The transaction adds a seven-story, mixed-use building to CIM Group's portfolio, combining multifamily residences with 9,185 square feet of ground-floor retail space.
Property Overview: Domain WeHo
Opened in fall 2017, Domain WeHo offers studio, one- and two-bedroom residences. Of the 166 total units, 33 are designated as affordable. The property is situated just west of La Brea Avenue along Santa Monica Boulevard, a major east-west transportation corridor served by public transit that provides connectivity throughout the Los Angeles region.
Unit interiors feature wood plank-style and porcelain flooring, quartz countertops, European cabinetry, in-unit washer and dryer, large windows, and terraces or balconies. Penthouse units include plank flooring throughout, wine refrigerators, and French door refrigerators. Community amenities include a pool and spa with sun deck, an outdoor kitchen with grill and pizza oven, an outdoor firepit with lounge seating, and a fitness center.
The ground-floor retail component fronts one of West Hollywood's primary commercial corridors, an area described in the announcement as populated with restaurants, retail, entertainment venues, and creative offices. The broader neighborhood also offers proximity to Sunset Boulevard, the Sycamore District, and outdoor recreation options including hiking in the Hollywood Hills.
About CIM Group
The acquisition fits within CIM Group's stated approach of owning, developing, repositioning, and operating real assets in urban communities. The Los Angeles-based firm has been active in real estate and infrastructure since 1994 and said it has delivered more than $60 billion of real estate and infrastructure projects across the Americas. The firm also emphasizes environmental, social, and governance initiatives as part of its investment approach.
Hulic Co., Ltd. as Partner
Hulic Co., Ltd. is identified as a capital partner in the transaction. No additional details regarding Hulic's background, investment mandate, or the structure of the partnership were disclosed in the announcement.