CIM Group, a real estate and infrastructure owner, operator, lender and developer, and Bryant Group Ventures, founded by entrepreneur John Hope Bryant, announced that Fifth Third Bank has made a capital commitment to the CIM-BGV Affordable Housing Impact Fund (AHIF or the Fund) as part of the Fund’s latest closing.
The closing also included upsizes from existing investors Truist Bank and Flagstar Bank, bringing the Fund’s total investment capacity to more than $370 million through Fund equity and access to loan capacity. The latest commitment further strengthens the Fund’s ability to invest in affordable housing in underserved communities.
CIM-BGV Impact Ventures, an impact-driven partnership between CIM and Bryant Group Ventures, seeks to invest in opportunities that create and preserve affordable housing across the United States through the acquisition of existing properties and ground-up development. The AHIF is actively evaluating and advancing opportunities
