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CIM Group Offloads Apartment Property Near Houston's Galleria Mall

Real Estate Giant Sells 346-Unit Complex to California Firm Bent on Houston Expansion
CIM Group, the seller of the Montierra, said the Houston apartment complex had a long list of amenities that includes a clubhouse, theater room, two-story fitness facility, lap pool, dry sauna and a two-story social room and library. (CoStar)
CIM Group, the seller of the Montierra, said the Houston apartment complex had a long list of amenities that includes a clubhouse, theater room, two-story fitness facility, lap pool, dry sauna and a two-story social room and library. (CoStar)
By Devin Jones
CoStar Research
January 4, 2023 | 8:16 P.M.

A private equity firm from Irvine, California, is continuing its conquest of Houston with its purchase of the Montierra, a large multifamily property in the city's well-to-do Uptown neighborhood.

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