CIM Group, a leading real estate and infrastructure owner, operator, lender and developer, and Bryant Group Ventures, founded by influential leader and entrepreneur John Hope Bryant, announced today 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 over $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 U.S. through the acquisition of existing properties and ground-up development. The AHIF is actively evaluating and advancing opportunities in U.S. markets including Southern California, Georgia, the Washington D.C. Metro, New York metropolitan area, and Florida.

“Affordable housing remains one of the most pressing challenges communities are facing nationwide,” said Susan E. Thomas, Head of Community Development and President of the Fifth Third Community Development Corporation. “We are proud to support the CIM-BGV Affordable Housing Impact Fund on a platform that brings together scale, experience, and a shared commitment to affordable housing and lasting community impact.”

For more information, visit www.cimbgvimpactventures.com.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. For more information, visit www.cimgroup.com.

About Bryant Group Ventures

Bryant Group Ventures (BGV) is the primary business leadership and engagement platform tied to John Hope Bryant Enterprises (JHBE), which is a family of companies, organizations, and associated enterprises founded by entrepreneur and philanthropist John Hope Bryant. As the strategic umbrella for several mission-driven organizations—including Operation HOPE, Bryant Group Advisors, and BG Digital Media, which platforms his highly successful podcast with iHeart Media, his best-selling book series, and Straight Talk Live Video Series with more than 1 billion views since 2024, BGV blends purpose with performance to create lasting social and economic change. Through public-private partnerships, thought leadership, and scalable ventures, JHBE and Bryant Group Ventures champion what Bryant calls the “silver rights movement”—the next chapter in the fight for opportunity, ownership, and dignity. Bryant’s associated ventures are responsible for more than $5B in deployed capital in underserved communities nationwide.

Media gallery

About The Author
Business Wire