Core Viewpoint - CMCT has successfully completed the development of 1915 Park, a 36-unit apartment building located in the Echo Park neighborhood of Los Angeles, which is recognized as a desirable area for residential living [1][9]. Group 1: Project Details - The six-story building was constructed on a former surface parking lot adjacent to an office tower, owned by a joint venture between CMCT and an international pension fund [2]. - 1915 Park offers studio, one-bedroom, and two-bedroom floor plans featuring contemporary fixtures and finishes that align with current rental market demands [2]. - The building includes amenities such as a rooftop deck with city views, on-site underground parking, and bicycle parking [2]. Group 2: Location Attributes - 1915 Park is situated in a highly walkable neighborhood with access to boutique shops, art studios, galleries, and diverse dining options [3]. - The property is conveniently located near Dodger Stadium, which is one mile away, and Echo Park Lake, a cultural historic monument offering recreational activities [3]. - The building has excellent access to public transportation, including a nearby Metro Line bus stop, and is close to major freeways such as the Hollywood (101), Pasadena (110), Glendale (2), and Golden State (5) [4]. Group 3: Company Overview - CMCT is a real estate investment trust that focuses on owning, operating, and developing multifamily and creative office assets across the United States [6]. - The company specializes in properties catering to rapidly growing industries, including technology, media, and entertainment, leveraging the expertise of CIM Group for its operations [6].