CIM Group Sells The Argonne, 276-unit Apartment Building in Adams Morgan Neighborhood of Washington D.C.
May 16 2024 - 9:33AM
Business Wire
CIM Group announced today the sale of The Argonne, a 276-unit,
eight-story apartment building that was acquired in 2013.
Built in 1923, the Argonne is a handsome brick building offering
historic charm with residences designed in studio to three-bedroom
floorplans. Residents have access to many amenities including a
swimming pool, fitness center, conference center, yoga room and dog
park. Under CIM Group’s management, The Argonne has undergone a
program of upgrades and modernization including to the building’s
lobby, common areas, corridors and façade.
Located at 1629 Columbia Rd. NW at the corner of Columbia Road
and 16th Street NW, residents are walking distance to the Columbia
Heights Metro station providing regional connectivity. The Argonne
skirts the Columbia Heights neighborhood and is convenient to
Washington DC’s many historic neighborhoods, cultural attractions,
hubs of business and government, as well as parks, shopping, dining
and entertainment.
For 30 years, CIM Group has applied its community-focused
investing approach by utilizing its broad expertise in owning,
developing, repositioning, and operating real estate assets to
enhance communities throughout the Americas.
About CIM Group
CIM is a community-focused real estate and infrastructure owner,
operator, lender and developer. Since 1994, CIM has sought to
create value in projects and positively impact the lives of people
in communities across the Americas by delivering more than $60
billion of essential real estate and infrastructure projects. CIM’s
diverse team of experts applies its broad knowledge and disciplined
approach through hands-on management of real assets from due
diligence to operations through disposition. CIM strives to make a
meaningful difference in the world by executing key environmental,
social and governance (ESG) initiatives and enhancing each
community in which it invests. For more information, visit
www.cimgroup.com.
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Karen Diehl Diehl Communications 310-741-9097
karen@diehlcommunications.com