IMT Capital is a private real estate investment firm headquartered in Los Angeles. We partner with exceptional institutional investors and seek extraordinary risk-adjusted returns. We are a vertically integrated investor and operator of multifamily assets in major US markets—actively managing our investors’ capital alongside our own through our funds.
Franklin, TN – September 28, 2017 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Cool Springs, an 860-unit garden-style apartment community located in the Williamson County submarket of Franklin, Tennessee.
This is IMT’s first acquisition in the Nashville MSA on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
IMT Cool Springs was built in two phases in 1997 and is comprised of thirty-eight separate residential buildings. The Property features two resort-style swimming pools with heated spas, sun terraces and cabanas, two fully equipped clubrooms with coffee bars and lounge areas, game and billiards rooms, executive business centers, two fitness centers, indoor racquetball courts, four private outdoor tennis courts, two pet parks, two car care centers, on-site laundry facilities, playground, and scenic nature trails. The unit interiors offer spacious one-, two-, and three-bedroom units all with crown moulding, nine-foot vaulted ceilings in the one-bedrooms, and ten-foot trey ceilings in the two and three-bedroom units. IMT will implement a rehabilitation program focused on renovating the remaining non-renovated interiors and enhancing the building exteriors, common areas and amenities.
The affluent Cool Springs submarket is located in the City of Franklin, in Williamson County, which is consistently ranked in the top 20 counties in the United States according to Median Household Income. With affluent demographics and a great public school system, Williamson County is home to 12 of Nashville’s 25 largest publicly-traded companies and offers residents convenient access to Nashville’s two major employment centers, Cool Springs and Downtown Nashville. Furthermore, the Cool Springs submarket is poised for massive expansion over the next several years with over $2 billion in projects under construction or planned. The apartment inventory in Williamson County consists of only 18 institutional-grade properties with approximately 6,000 units, allowing the Fund to invest in and control a significant portion of the apartment inventory in an extremely desirable submarket. With high barriers to entry and anti-growth measures in place, there is limited new supply in the pipeline, and continued job growth will fuel above-average rent growth during the Fund’s anticipated hold period.
Sandy Springs, GA – June 23, 2017 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Sandy Springs, a 230-unit mid-rise apartment community located in the Sandy Springs submarket of Atlanta, Georgia.
This is IMT’s second acquisition in Georgia on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
IMT Sandy Springs was built in 2017 and is comprised of three separate three- and four-story apartment buildings. The Property features a saltwater swimming pool with outdoor cabanas, BBQ grills, a fitness center, club room and media deck, business center with co-working spaces, on-site pet park and pet spa, private enclosed garages, landscaped courtyards, and multiple outdoor entertainment areas. Nine unique floor plans are offered at the Property, including studios, one-bedroom units, two-bedroom units, and 3-story townhome style units. The unit interiors feature wood-style flooring in the kitchen and living area, quartz countertops, stainless steel GE appliances, dark wood cabinetry, and full-sized washers and dryers.
Sandy Springs is located within close proximity to Abernathy Road NE, which provides access to the major thoroughfares in the area. The Property is situated within the Perimeter Center Office Submarket and offers convenient access to the Georgia 400 and I-285, providing easy transportation to all major employment centers throughout the entire Atlanta Metropolitan area. City Springs, a $180 million Master Planned Development, was approved in 2012 to develop Sandy Springs’ downtown area and is scheduled for completion in summer of 2018. City Springs will incorporate mixed-use projects with high-end residential living, retail, entertainment, and a green space network.
Denver, CO – November 16, 2016 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Cherry Creek, a 399-unit garden-style apartment community located in the Cherry Creek submarket of Denver, Colorado.
This is IMT’s second acquisition in Colorado on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
IMT Cherry Creek is comprised of two communities, Cherry Creek West and Cherry Creek East. Cherry Creek West offers 216 units across 9 apartment buildings, and Cherry Creek East offers 183 units across 12 apartment buildings, with each phase also enjoying its own leasing center, clubhouse, and full set of community amenities. The one-, two- and three- bedroom units in each community feature fully equipped kitchens, full size washers and dryers, walk-in closets, nine-foot ceilings, and private balconies or patios.
The Property is situated in the highly desirable Cherry Creek neighborhood, offering convenience, livability, and access to upscale retail, shopping, dining, and entertainment destinations. Two blocks from the Property is CitySet, a mixed-use lifestyle center with eight restaurants, two hotels, shopping, and weekly live entertainment. Located 1.5 miles from the Property is the premier outdoor retail and dining destination, Cherry Creek North, 16 walkable blocks offering 600 businesses including independently owned boutiques, international fashion brands, art galleries, home furnishings, spas and salons, luxury hotels, and award-winning restaurants. The neighborhood is also home to Cherry Creek Shopping Center, an upscale retail destination featuring 160 stores which attracts over 18 million people a year and is one of Denver’s top tourist destinations.
Van Nuys, CA – July 8, 2016 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired the development site located at 6500 Sepulveda Boulevard in Van Nuys, California.
This is IMT’s first development acquisition on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
The 1.22 acre site is designed for 160 one- and two-bedroom apartment units, including 7 affordable housing units. The custom designed units will feature fully equipped kitchens, top-of-the-line appliances, designer fixtures and hardware, washer/dryers, granite countertops, and custom flooring.
The development site is located near the highly trafficked intersection of Sepulveda Boulevard and Victory Boulevard. With considerable frontage on Sepulveda Boulevard, the Property will benefit from a traffic count of 56,000 cars per day and will have a significant presence in Van Nuys as the premier rental community in the surrounding neighborhood. The Property is 0.6 miles from the Interstate 405 and just 2.5 miles from U.S. Route 101, providing convenient access to major employment centers in the San Fernando Valley, Warner Center, Burbank, Glendale, West LA, Hollywood, and Downtown Los Angeles. The Property is also just 0.5 miles from Valley Presbyterian Hospital, a 350-bed hospital and medical center with 1,700 employees.
ALPHARETTA, GA – June 15, 2016 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Stoneleigh at Deerfield, a 370-unit resort-style apartment community in the Alpharetta suburb of Atlanta, Georgia.
This is IMT’s first acquisition in Georgia on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
The Property is comprised of seventeen three-story apartment buildings with one-, two-, and three-bedroom floor plans. Apartments feature fully equipped kitchens, spacious pantries and white raised panel cabinetry, washer and dryer hookups, built-in bookshelves, private patios and balconies, as well as available garages. Community amenities include a 24-hour fitness center, yoga room, business center, resident lounge and game room, movie theatre, outdoor kitchen and lounge area, barbecue grills, a fire pit, a resort-style swimming pool, children’s playground, two tennis courts, a dog park, car wash, electric car chargers, and access to walking trails, lakes, golf courses and green parks.
Stoneleigh at Deerfield is conveniently located off McGinnis Ferry Road in Alpharetta, within close proximity to Deerfield Parkway and Windward Parkway, which provide access to the major thoroughfares in the area. Only minutes from North Fulton’s primary employment concentrations, the Property features strategic access to the Georgia 400, a main artery providing convenient transportation to all major employment centers throughout the entire Atlanta Metropolitan area. Furthermore, a new $600 million, live‐work‐play development is located just 2 miles south of the Property. Avalon, the new upscale development, includes over 1.2 million square feet of office and retail space, including a movie theater, high end shopping and dining destinations, a future hotel, and brand new single and multifamily homes.
Denver, CO – May 11, 2016 - IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired City Park, a 240-unit midrise apartment community located in Denver, Colorado.
This is IMT’s first acquisition in Colorado on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
IMT at City Park is a luxurious mid-rise multifamily community comprised of three four-story apartment buildings and features expansive one-, two-, and three-bedroom floor plans. The Property offers a variety of community amenities such as a 24-hour fitness center, a resort-style heated swimming pool and spa, a yoga room, a resident lounge with coffee bar, barbecue grills and a picnic area, and extra storage spaces.
The Property is located just 1.5 miles east of Downtown Denver, and across the street from City Park,Denver’s largest green space (320 acres) and home to a golf course, the Denver Zoo, the Denver Museum of Nature and Science, and numerous summer concerts and festivals. The City Park neighborhood is one of the oldest neighborhoods in Denver, with many of the single family homes built at the turn of the 19th century, providing a charming, historical backdrop to a culturally vibrant community. Residents are just minutes from 17th Avenue’s Restaurant Row, a quaint street that extends to City Park and is lined with bistros, upscale restaurants, and a number of popular bars, nightclubs, and music venues.
SAN DIEGO, CA – April 29, 2016 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Sorrento Valley, a 752-unit resort-style apartment community located in the San Diego suburb of Sorrento Valley/Mira Mesa.
This is IMT’s first acquisition in California on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
The Property is comprised of fifty-three two-story apartment buildings and features a clubhouse, five large resort-style pools and spas, and a fitness center.
IMT Sorrento Valley is located just five miles from the Pacific Ocean and is surrounded by many of San Diego’s top employment centers, including Sorrento Mesa, Sorrento Valley, University Towne Centre (“UTC”), Torrey Pines and Del Mar Heights. Within five miles of the Property, there are over 215,000 jobs, many of which make up San Diego County’s strongest growth industries, including telecommunication, technology, and life sciences/biotechnology. Major employers in the adjacent employment hub include Qualcomm (world headquarters), Gen‐Probe, CareFusion, Alere, Hologic, Sony, Samsung, TD Ameritrade, Google, and the FBI. Within five miles of the Property are pioneers in the medical, pharmaceutical, biotechnology, bioscience, and genetic sequencing industries, world class research facilities, financial institutions, defense contractors and cleantech innovators. The Torrey Pines Employment Corridor, five miles from the Property, is home to UC San Diego, The Scripps Research Institute, the Stanford‐Burnham Institute, and pharmaceutical giants Pfizer, Johnson & Johnson, and Novartis. The synergy created by this cluster of intellectual capital is unparalleled in Southern California and comparable only to the most sophisticated life sciences clusters in the nation.
MESA, AZ – April 27, 2016 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Riverview, a 340-unit garden-style apartment community in the Mesa submarket of Phoenix, Arizona.
This is IMT’s first acquisition in Arizona on behalf of its fourth investment fund, IMT Capital Fund IV, L.P. which closed in March 2016 with $630 million in committed equity.
IMT Riverview is comprised of seventeen two- and three-story garden-style apartment buildings, plus a free-standing Leasing Center and Clubhouse. On-site amenities include a clubhouse, a large resort-style pool and spa, a resident center and social room, and fitness center. The units feature fully equipped kitchens, full-size washers and dryers, and ceiling fans.
The Property is situated on the border of Mesa and Tempe, near the intersection of the Loop‐101 and Loop‐202 freeways, providing excellent access to major employment drivers and retail destinations throughout the metro. Just three miles away is Tempe Town Lake, an engineering marvel that protects the region from flooding, while simultaneously serving as an economic engine to the region, providing nearly $600 million in revenue to the City of Tempe. On the banks of Tempe Town Lake is the Marina Heights development, a 2 million square foot office campus with an estimated cost of construction of over $600 million. The project is the largest office development in Arizona’s history.
AUSTIN, TX. – March 14, 2016 – IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Southpark, a 570-unit garden-style apartment community in the South submarket of Austin, Texas.
This is IMT’s first acquisition in its fourth investment fund, IMT Capital Fund IV, LP, which closed in March 2016 with $630 million in committed equity.
Built in two phases, the Property boasts two 24-hour fitness centers, two resort-style swimming pools, outdoor grills, a media and game room, a movie room with surround sound, a bocce ball court, and two business centers. Available floor plans include one-, two-, and three-bedroom apartment homes with Energy Star appliance packages, wood-style plank flooring, white tile backsplashes, a full size washer/dryer set in every unit, walk-in closets, patios, balconies, and private yards in select units as well as private garages and covered parking options.
IMT Southpark is located on West Slaughter Lane with superb access to IH‐35, Austin’s most trafficked highway with over 140,000 vehicles per day. The Austin Central Business District (CBD), which is anchored by over 9 million square feet of office space and The State of Texas, the City’s largest employer, with nearly 70,000 employees, is a 10 minute drive to the north of the Property. Southpark Meadows, a master‐planned retail center and the dominant retail destination in South Austin, is located just 1.4 miles from IMT Southpark. The center is home to over 100 tenants and is anchored by Wal‐Mart Super Center, Sam’s Club, Cinemark Movies, and Super Target.
SHERMAN OAKS, CALIF, March 7, 2016 – IMT Capital, LLC, a private real estate investment and management company with a nationwide portfolio of multifamily properties, announced the final closing of IMT Capital Fund IV, LP. (“Fund IV”), an investment fund with $630,000,000 in committed equity. Investors in Fund IV include a select group of university endowments, foundations, pension funds, and high net worth individuals.
Fund IV will target above average risk-adjusted returns by investing in multifamily assets located in major U.S. markets. The Fund will pursue an opportunistic, value-based acquisitions program and employ active operational and physical value-enhancement strategies designed to deliver sound investment returns independent of economic cycles.
“We look at change in the markets as our friend,” said Michael H. Browne, IMT Capital’s co-founder and Managing Director. “All cycles are a little different, and all have something to offer our disciplined investment approach.”
About IMT Capital LLC:
IMT Capital, LLC (imtcapital.com) is a private real
estate investment firm headquartered in Los Angeles. It is a vertically
integrated investor, developer, and operator of multifamily assets in
major US markets. Since 1992, IMT Capital, LLC or its affiliates have
made investments totaling more than $4 billion in value, including
significant co-investments from its principals.