CIM Group Consolidates $1.3B in Solar Assets Into New Investment Vehicle

CIM Group – a commercial real estate firm that sponsors non-traded direct investment programs – has consolidated approximately $1.3 billion in solar project equity into a newly formed investment entity, Westlands Electric Power Company LLC, or WEPCO.

The move, structured across multiple phases, creates a single, dedicated platform, WEPCO, to manage and grow a substantial portfolio of solar investments previously held by various CIM-affiliated entities.

The initial phase, which closed on Sept. 29, 2025, involved the contribution of solar project interests from CIM Opportunity Zone Fund, L.P. to WEPCO Holdings, a subsidiary of the new entity. The value of the equity interests contributed by the fund was $1.3 billion, based on net asset values as of March 31, 2025.

Following the second phase of contributions from other CIM-affiliated entities on Sept. 30, 2025, the fund owns approximately 75.1% of WEPCO and assumes the role of managing member.

A third and final phase is planned to integrate an additional solar project, after which the fund is expected to own a controlling 66.7% interest in WEPCO.

According to the company, the strategic consolidation is designed to streamline the management and operational structure of CIM’s significant solar holdings under a unified platform, positioning WEPCO for future growth in the renewable energy sector.

Previously reported by AltsWire, CIM Group launched the CIM Opportunity Zone Fund, L.P., a Regulation D opportunity zone fund in January 2019. The federal opportunity zone program was established as part of the 2017 Tax Cuts and Jobs Act, offering capital gains tax relief for new investments in certain economically distressed areas nationwide that are designated as qualified opportunity zones.

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