CIM Group announces it has sold Mason at Van Dorn, a 1,180-unit apartment community in Alexandria, Virginia.
The Washington Business Journal reported the sale to a partnership of Shoreham Capital and Bridge Investment Group Holdings, Inc. at $225 million. CIM acquired the community in December 2017.
Mason at Van Dorn is a reimagined community built of stone for generations to come. The meticulous brickwork laid by the original masons represents the soul of this enduring apartment complex in the heart of Alexandria, Virginia’s West End neighborhood. Now with all-new amenities, enhanced interior options, and rejuvenated landscaping, Mason at Van Dorn offers discerning renters a different kind of community—one that is truly vibrant, convenient, engaging and connected.
Mason at Van Dorn is located adjacent to WestEnd Alexandria, the redevelopment of the 52-acre former Landmark Mall which includes the future Inova Alexandria Hospital Campus. The property is four miles from Old Town Alexandria and a mile north of the Van Dorn Metro Station.
Founded in 1994, CIM started with local projects in Southern California neighborhoods. Today, they’re a diverse team of more than 1,000 employees with projects across the Americas and in Western Europe. Their projects have delivered jobs; created comfortable places to live, work and relax; and provided necessary and sustainable infrastructure. Their focus on enhancing communities is unwavering, and we’re striving to make an even greater impact in the years to come. CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Their in-house team of experts works together to identify and create value in real assets, benefiting the communities in which we invest.
