CIM Nabs VA Asset
- Dec 08, 2017
Los Angeles, Calif.-based CIM Group has acquired EOS Twenty-One, a 1,180-unit apartment community in Alexandria, Va. The property is located on an approximately 30-acre site at 140 South Van Dorn Street, featuring 14 four- and five-story buildings.
The acquisition permits CIM Group to expand its asset portfolio in the Washington, D.C., area. CIM Group was first introduced to and became interested in the area more than 15 years ago. At that time, the company invested in a number of communities once it had determined these properties possessed attributes aligning with CIM’s investment strategy. That strategy identifies and invests in established and emerging urban areas with robust infrastructure development and established networks of transportation.
Constructed in phases between 1968 and 1972, EOS Twenty-One features apartments with spacious layouts. The property has benefitted in recent years from renovations to its buildings, units, common areas and amenities. These upgrades have elevated the community into a contemporary living environment with highly-sought conveniences.
Among the amenities of EOS Twenty-One are multiple common and recreation areas, among them a large clubhouse, fitness center, sauna, game room, coffee bar, business center and theater room. Outdoor amenities include two resort-style swimming pools, tennis courts, barbecue and picnic areas, a playground and dog park.
In addition, the community features an on-property convenience store and deli.
Apartment selection at the pet-friendly community ranges from studios to two-bedroom floor plans. Units feature air conditioning, balconies, dishwashers and are cable-ready.
Its location in the Van Dorn Corridor ensures EOS Twenty-One is convenient to a number of restaurant, nightlife and additional attractions. The property is steps away from specialty shops, financial services, supermarkets and Landmark Mall.
The community ls situated just off I-395 inside the Capital Beltway (I-495) and is four miles from Old Town Alexandria.
A shuttle service provided by the property is available to ferry EOS Twenty-One residents one mile south to the Van Dorn Metro Station.
This allows for simple connections to the Washington, D.C., area’s multiple job hubs, among them, Pentagon City, Crystal City, the Rosslyn-Ballston Corridor and Washington, D.C., itself.
Among CIM Group’s greater Washington D.C. investments are Park Place at Van Dorn Apartments, Rockville Town Center, Waterview Rosslyn, City Vista, 370 L’Enfant and 800 N. Capitol. The company was founded in 1994.