CIM Group Acquires Orlando Senior Housing Community
It's the firm's first acquisition since the announcement of a $1 billion funding partnership.
CIM Group, in a joint venture with an unnamed partner, has acquired Overture Hamlin, a 180-unit senior housing community in Winter Garden, Fla., a submarket of Orlando. The property traded for an undisclosed amount. Former owners were listed as Greystar and The Carlyle Group, Yardi Matrix shows.
Built in 2021, Overture Hamlin serves the 55-plus population. The 157,612-square-foot property includes one- and two-bedroom apartments with floorplans ranging from 700 to 1,200 square feet. Apartments come with in-unit washers and dryers, stainless steel appliances, dishwashers and individual heating and air conditioning units.
Community amenities include a swimming pool, fire pits, fitness center, game room, theater, bocce ball court and a lounge. Overture Hamlin also hosts social events, educational programs and fitness classes for residents.
READ ALSO: A Mission-Driven Senior Housing Redevelopment: Case Study
As of October 2025, Overture Hamlin is 97.8 percent occupied with an average asking rent of $2,372, Yardi Matrix data shows. Located at 5795 Citrus Village Blvd., Winter Garden, Fla., the community is off the Daniel Webster Western Beltway and 21 miles from downtown Orlando. All within 3 miles of the property are the Orlando Health Horizon West Hospital, a Walmart Supercenter and the Orange County National Golf Center and Lodge.
Two recent areas of focus
The acquisition comes as CIM Group has made its first foray into senior housing investment. Earlier this month, the company announced the creation of creating CIM-BGV, a funding partnership with Bryant Group Ventures that sets out to preserve and finance up to $1 billion in affordable housing investments, including ground-up projects and acquisitions. The partnership is looking at markets including Orlando, Los Angeles and Washington, D.C.
CIM Group has also provided funding for a partial office-to-residential conversion in Dallas. In September the firm provided Pacific Elm Properties with a $132.5 million loan for Santander Tower, a 50-story office building. This loan will help build another 105 residences.
On the West Coast, CIM Group also unveiled a proposal for a mixed-use development in West Adams, Calif. Urbanized Los Angeles reported on Sept. 19. Plans include redeveloping the Advance Food Market property at 5451 W. Adams Boulevard with 142 studio, one- and three-bedroom apartments with an 8,000-square-foot commercial space. Kevin Tsai Architecture is handling the design of the project.
