Death on CIM Group construction site
The CIM Group is an LA-based private equity firm that has been profiled numerous times on the Private Equity Stakeholder Project (PESP) blog, most notably for its mistreatment of tenants at…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
New analysis reveals private equity firms own at least 10% of all U.S. apartments
A new analysis from the Private Equity Stakeholder Project (PESP) reveals that at minimum, private equity firms own 8200 apartment buildings and over 2.2 million units in the U.S., representing about 10% of all apartment units in the…
Private Equity Multi-Family Housing Tracker
➡️ Introduction ➡️ Key Points ➡️ The Private Equity Business Model ➡️ Private Equity Landlords and RealPage ➡️ Problems at Private Equity-Owned Apartments ➡️ Ownership Numbers ➡️ Acquisitions ➡️ Geographic Concentration ➡️…
Concerns surround appointment of private equity insider to head up Federal Housing Finance Agency
As the second Trump administration takes power, concerns are mounting surrounding the influence of private equity oligarchs in federal housing policy amidst a national affordable housing crisis. During the January 16 hearing regarding the nomination of…
Corporate landlords accused of housing discrimination
Corporate landlords have a large amount of control over the US housing market. [1] This places them in a unique position of having enough power to impact the class and racial makeups of certain communities.
New report finds abuses by CIM Group
A new report by the Private Equity Stakeholder Project (PESP) and African Communities Together (ACT), found that since the Southern Towers Apartment Complex, located in Alexandria, Virginia, was purchased by the Los Angeles-based private equity firm…
CIM Group: In the Headlines
Over the last 15 years, CIM has been the center of headlines in the New York Times, Washington Post, Los Angeles Times, and Wall Street Journal, among other media outlets. The news stories have covered a range of issues: CIM’s…
Tenants at CIM’s Southern Towers host vigil, and Alexandria city council
On August 29th, tenants, community members, and faith leaders staged a protest and vigil at the Southern Towers Apartment Complex in Alexandria, Virginia. The action marked the third anniversary since private equity firm…
Flooding in CIM Group’s Southern Towers profiled in local news outlets
In 2020, private equity firm the CIM Group purchased the Southern Towers apartment complex in Alexandria, Virginia. CIM receives funding from several pension funds including the Pennsylvania Public School’s Employees’…
PESP calls on the FHFA to provide greater protections for tenants, Senators agree
The Federal Housing Finance Agency (FHFA) is responsible for the oversight of Fannie Mae and Freddie Mac, federally backed mortgage institutions that were created with the goal of improving the US housing market. On May 30, 2023, FHFA issued a…
CIM Group’s Fundraising Falls Short Amidst Missteps and Negative Headlines
The Los Angeles-based private equity firm CIM Group has been struggling to raise its current infrastructure fund, CIM Infrastructure Fund III. The fund was launched in the summer of 2021 and sought to raise between $1.5 billion to…
CIM Group Under Scrutiny by members of the Federal Government
The Federal Housing Financial Agency (FHFA) was created with the purpose of increasing access to safe, affordable, and equitable housing. Tasked with the oversight of Freddie Mac and Fannie Mae, the stated values…
