CIM Group: In the Headlines

The document outlines various controversies involving CIM Group that have appeared in major media outlets, including tenant mistreatment, gentrification of minority neighborhoods, labor disputes, construction defects, and financial ties to Donald Trump. It highlights how these issues have led to public pressure on pension funds to divest from the firm.

• CIM Group has faced significant negative media coverage regarding the treatment of tenants in its apartment complexes, with reports indicating that tenants received eviction notices during a nationwide ban and experienced unresolved maintenance issues such as mold and pests.
• The firm has been accused of furthering gentrification and displacing disenfranchised communities, specifically regarding a project described as a hostile takeover of a prominent African-American retail space that ignored community needs.
• CIM Group has been linked to dangerous construction practices, including a lawsuit involving a luxury tower with 1,500 design and construction defects, such as electrical explosions and faulty elevators that trapped residents.
• The company's real estate dealings with Donald Trump and his associates, including the purchase of the Trump SoHo Hotel, created contractual obligations to pay the Trump Organization and triggered pressure campaigns for state pension funds to divest.
• CIM Group has faced scrutiny over its acquisition of public investments, including a 2009 report regarding payments of nearly $16 million in fees to a former Los Angeles Deputy Mayor to secure investments from CalPERS and CalSTRS.

APA

Private Equity Stakeholder Project (2023). CIM Group: In the Headlines. https://pestakeholder.org/reports/cim-group-in-the-headlines/

Chicago

Private Equity Stakeholder Project. CIM Group: In the Headlines. 2023. https://pestakeholder.org/reports/cim-group-in-the-headlines/.

Wikipedia

{{cite report |author=Private Equity Stakeholder Project |title=CIM Group: In the Headlines |date=13 December 2023 |url=https://pestakeholder.org/reports/cim-group-in-the-headlines/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{privateequitystakeholderproject2023cim, author = {{Private Equity Stakeholder Project}}, title = {{CIM Group: In the Headlines}}, institution = {Private Equity Stakeholder Project}, year = {2023}, month = dec, url = {https://pestakeholder.org/reports/cim-group-in-the-headlines/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }