LOS ANGELES, Calif., April 21, 2020 – Local real estate investment and development firm CGI Strategies is donating to the nonprofit organization CORE (Community Organized Relief Effort).
The nonprofit, founded by A-list actor Sean Penn, has provided disaster relief in Haiti and New Orleans, and is now working to increase testing for the coronavirus in Los Angeles. To date, CORE has administered more than 20,000 COVID-19 tests, providing free drive-through testing for high-risk individuals at five locations in L.A. and free testing to first responders at one location in Malibu.
In addition to providing an initial lump sum as an unrestricted donation, CGI intends to continue giving to CORE through June 1, 2020.
“During these unprecedented times, we are grateful to be seeing residents sign leases, “ said Vice President of Operations and General Manager of CGI Strategies affiliate Bread & Salt Hospitality Luke Somerset. “In the spirit of paying it forward, we also will be matching security deposits at two of our properties—Villa Carlotta and 888 Hilgard—and donating those matching amounts to CORE.”
Said CGI Strategies Founder and CEO Gidi Cohen, “In communities—especially in times of crisis—your strengths may be someone else’s weaknesses and vice versa. We are fortunate to be able to share our strengths with our community by supporting CORE’s efforts here in L.A.”
To donate to CORE directly, visit https://www.coreresponse.org
About CGI Strategies
CGI Strategies is a Los Angeles-based value-add real estate investment and development firm with regional offices in Atlanta and New York. The firm’s portfolio includes multifamily, extended stay corporate housing and hospitality and retail assets located in California, New York and key cities in the Southeastern and Southwestern U.S., particularly in underserved secondary and tertiary markets. For more details, visit cgiplus.com or call 310.773.9518.
About Bread & Salt Hospitality
Bread & Salt Hospitality is a purveyor of luxury furnished and serviced properties in the greater Los Angeles area. Named after the ancient tradition of welcoming guests into one’s home by offering bread & salt, the hospitality group owns, operates and manages Villa Carlotta, a fully restored historic landmark in Hollywood; and 888 Hilgard, a renovated building in the heart of Westwood. To learn more, visit breadsalthospitality.com or call 310.773.9518.
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