CIM Group has acquired 51 South, a 134-unit apartment community in White Plains, N.Y., in partnership with Hulic Co., Ltd.
51 South is an eight-story building located at 51 S. Broadway in the heart of White Plains. Completed in 2025, the community offers studio, one- and two-bedroom residences with access to more than 20,000 square feet of amenities, including co-working space, indoor and outdoor lounges, and a variety of sports and recreational activities.
The acquisition of 51 South further expands CIM Group’s New York portfolio. CIM has been an active owner, operator, lender and developer in the New York metropolitan area for more than 15 years, with approximately $4 billion of equity investments across projects representing more than $10 billion in total project value since 2010.
“We are pleased to add 51 South to our New York portfolio and make our first investment in Westchester County,” said Shaul Kuba, co-founder and principal at CIM Group. “We b
