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.
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.
LONE TREE, CO. — March 1, 2016 — IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired the development site located at 9980 Trainstation Circle in the RidgeGate master-planned community in Lone Tree, Colorado.
The 3.18 acre site is designed for 219 multifamily apartment units, with rooftop common areas and amenities providing incredible views of the Front Range.
The Property is located in the highly regarded 3,500-acre RidgeGate master-planned community, with a commitment to walkability, livability, and convenient amenities. Incorporating 1,000 acres of parks, trails, natural habitat and open space, RidgeGate is designed to combine diversity and density, while boasting proximity to major employers, access to public transportation, and excellent education options.
The Property is in the close vicinity of many major retail shopping and dining destinations, including the Lincoln Commons. It also enjoys convenient access to the major employers in the area, including the Charles Schwab campus, Sky Ridge Medical Center, and the Denver Tech Center Business Corridor. A rarity in the suburbs, residents will enjoy car-free access, with the Lincoln Station RTD Light Rail station less than one mile away, and the future Sky Ridge Station less than five blocks away.
TAMPA, FL.—October 6, 2015 — IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Boot Ranch, a 432-unit garden-style apartment community located in the Palm Harbor submarket of Palm Harbor, Florida.
IMT Boot Ranch is comprised of seventeen three-story garden-style apartment buildings. The Property features more than 2,000 feet of picturesque canal frontage which feeds into Tampa Bay, as well as two saltwater swimming pools, clubhouse, resident lounge, business center, fitness center, tennis court, basketball court, outdoor community kitchen, children's playground, car wash area, fenced dog park, and carports and garages. The property offers one-, two-, three-, and four-bedroom apartment homes, and the unit interiors offer open living spaces, screened patios/balconies, walk-in closets, kitchen pantries, audible intrusion alarms, full-size washer and dryer connections, and ceiling fans.
The Property is located in Palm Harbor in the master-planned community of Boot Ranch, surrounded by numerous golf courses and shopping and dining destinations, such as The Shoppes at Boot Ranch and Westfield Countryside Mall. Palm Harbor is also home to the best schools in Pinellas County, with "A" rated middle and high schools. Residents also enjoy a short commute to a multitude of employment centers, including a large concentration of medical employment centers and hospitals.
PHOENIX, AZ.—September 28, 2015 — IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Deer Valley, an 832-unit resort-style apartment community located in Phoenix, Arizona.
This is IMT’s first acquisition in Arizona on behalf of its third investment fund, IMT Capital Fund III, L.P. which closed in October 2013 with $409 million in committed equity.
Located at 3010 W Yorkshire Drive in Phoenix, in the center of the North Loop 101 employment corridor, the property provides easy access to over 100 commercial buildings and over 80,000 jobs in the immediate area. Major employers within walking distance include American Express, John C. Lincoln Deer Valley Hospital, and the corporate headquarters of PetSmart. The property is located within walking distance of Deer Valley Towne Center, a 526,000 square foot power center which boasts an AMC 30 movie theater, Starbucks, Target, and other shopping and dining destinations.
On-site amenities include three resort-style swimming pools with spas, two fully equipped fitness centers, expansive lawns and landscaping, a dog park, and two resident clubhouses.
ALPHARETTA, GA.—September 17, 2015 — IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Deerfield, a 636-unit resort-style apartment community located in the Atlanta suburb of Alpharetta, Georgia.
This is IMT’s first acquisition in Georgia on behalf of its third investment fund, IMT Capital Fund III, L.P. which closed in October 2013 with $409 million in committed equity.
Located at 13125 Morris Road in Alpharetta, Georgia, the property is a resort-style apartment community consisting of 636 apartment homes. The property provides easy access to the major thoroughfares in the area, including Windward Parkway and the Georgia 400, providing convenient access to the major employment centers in the Atlanta Metropolitan area. The property is located only 2 miles from Avalon, the new upscale live-work-play development which boasts over 1.2 million square feet of office and retail space, including a movie theater, high end shopping and dining destinations, and a future hotel.
On-site amenities include three resort-style swimming pools, a 6,000 square foot state-of-the-art fitness center, two lighted tennis courts, children’s play area, and a dog park, as well as a resident clubhouse and business center.
SHERMAN OAKS, CA. — August 11, 2015 — IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired the development site located at 5700 Sepulveda Boulevard in Sherman Oaks, California.
The 1.29 acre site is designed for 131 multifamily apartment units, as well as ground-floor retail space.
With 200 feet of frontage on Sepulveda Boulevard and visibility from the San Diego Freeway (405), the Property will benefit from a traffic count of 56,000 cars per day. Proximity to major freeways will provide residents with convenient access to major employment centers in the San Fernando Valley, Warner Center, Burbank, Glendale, West LA, Hollywood, and Downtown LA.
The Property is in the close vicinity of many major retail shopping and dining destinations, including the Costco Wholesale, the Westfield Fashion Square mall in Sherman Oaks, and the Sherman Oaks Galleria, a state-of-the-art open-air lifestyle center that includes 700,000 square feet of office space overlooking 300,000 square feet of retail and entertainment venues.
HOUSTON, TX.—July 20, 2015 — IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Uptown Post Oak, a 392-unit mid-rise apartment community located in the Galleria / Uptown submarket of Houston, Texas.
IMT Uptown Post Oak is a five-story ultra luxurious mid-rise apartment community. The impressive property features include stained concrete and hardwood floors, dramatic 9.5 foot ceilings, granite countertops with 4” backsplash, hardwood cabinets with 42” uppers, stainless steel appliances, spacious walk-in closets, intrusion alarms, oversized roman tubs with granite surrounds, brushed nickel hardware, and full size washer and dryers. The first-class amenities offered by IMT Uptown Post Oak include resort style swimming pools, internet lounge and business center, a premier fitness center, game room, outdoor grilling areas, and a demonstration kitchen. IMT Uptown Post Oak defines luxury and provides residents a true urban experience in the most modern district Houston has to offer.
Uptown Post Oak is located on Post Oak Boulevard in the highly desirable Galleria / Uptown submarket of Houston. The Galleria / Uptown submarket is the 14th largest office market in the country, boasting over 28 million square feet of office space that houses over 83,000 employees and is home to 13% of Houston’s Class A office space, with almost 16 million square feet within the submarket. In addition to the Galleria / Uptown office market, proximity to major Houston highways provides residents with convenient access to the Houston CBD, the Energy Corridor, the Greenway Plaza office market, the Westchase Financial District, and the Texas Medical Center.
DALLAS, TX.—May 21, 2015 — IMT Capital, LLC, a private multifamily real estate investment and management firm, has acquired Lakeshore Lofts, a 341-unit mid-rise resort-style apartment community located in the Las Colinas Urban Center of Dallas, Texas.
IMT Lakeshore Lofts is comprised of two four-story wrap-style apartment buildings. The property features direct access to the Waterfront Promenade surrounding Lake Carolyn, two resort-style pools, a 24-hour fitness center with strength and cardio training zones, a spinning cycle room, a yoga and meditation studio, a business center, a private clubhouse with an entertaining kitchen and wrap-around bar, a game room with billiards, a cyber café with wireless internet access, a wine room, a media lounge, a library, gated bicycle storage, elevator access throughout the property, storage space, and controlled access parking garages. The unit interiors have ten-foot ceilings, eight-foot entry doors, Whirlpool stainless steel appliances, above-range microwaves, granite countertops, sleek maple cabinetry, kitchen pantries, full-size washers and dryers, luxurious carpet in bedrooms, sealed concrete floors throughout, relaxing soaking tubs or walk-in showers, brushed nickel fixtures, and ceiling fans.
Las Colinas is a 12,000 acre master-planned community located 8 miles northwest of the Dallas CBD and 25 miles from Fort Worth. Las Colinas is the second largest office market in the Dallas / Fort Worth MSA, boasts over 29 million square feet of office space that houses over 144,000 employees, and is home to 5 Fortune 500 global headquarters, an additional 45 Fortune 500 companies, and more than 100 regional headquarters. In addition to the Las Colinas office market, proximity to light rail transportation and major Dallas / Fort Worth highways provides residents with advantageous access to the Dallas / Fort Worth CBDs, the Uptown office market, and Dallas / Fort Worth International Airport. The Las Colinas Urban Center is set to become the next true live, work, play environment in DFW. Approximately 574,000 square feet of retail is scheduled to be built in the next three years, including a concert venue and a dine-in movie theater. Additionally, many boutique restaurants and bars are scheduled to be delivered, giving residents a true live, work, play destination and providing significant demand drivers.