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CIM Group affiliate boosts stake in CIM Commercial Trust

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CIM Group affiliate boosts stake in CIM Commercial Trust

An affiliate of CIM Group LP purchased 2,468,390 shares of common stock of CIM Commercial Trust at about $19.17 apiece.

The $47.3 million private transaction increased the stake of CIM Group and its affiliates to about 19% of the real estate investment trust's outstanding shares of common stock.