Today, IMT Residential is a leading nationwide apartment owner and manager, but many do not know that the company grew from humble beginnings that involve three childhood friends who came together to create a business partnership that still stands 25 years later.
In February 1992, two partners, who grew up directly across the street from each other as kids, founded IMT Residential in Los Angeles with the goal that they could create a company to serve the Los Angeles apartment community. After five years of successfully growing and operating a rapidly expanding apartment management company, a third partner, who was a high school classmate and teammate with one of the founders, joined IMT. Together, the company’s vision grew more ambitious and they set out to acquire large-scale apartment communities outside of California. And in 1997, with its first apartment community acquisition in Houston, Texas, IMT Residential successfully began its nationwide expansion and presence. Over the years, IMT Residential continued to opportunistically enter new markets and grow into a portfolio that now extends throughout Arizona, California, Colorado, Florida, Georgia and Texas.
What began as a start-up company managing four apartment buildings totaling 62 apartment units with one employee in their first year of operation, has grown into a leading nationwide apartment operator with a portfolio that includes over 60 apartment communities exceeding 20,000 apartment homes with over 600 associates today. And to think, it all started from three childhood friends who grew up in the San Fernando Valley region of Los Angeles with the American Dream to start and build a business together.
“We have achieved this 25-year milestone thanks to the commitment and dedication of our very talented associates who work tirelessly every day to support their fellow co-workers and to serve our valued residents. It is the growth of this team-oriented culture that exists throughout the entire organization which enables us to attract and retain our industry’s very best people. As a team, we strive to improve every day and continually search for ways to do things better and differently to add value to our communities and residents. Together we have dedicated ourselves to 25 years of ‘putting you first’ in everything we do and we are proud to celebrate our first 25 years in the apartment industry as we optimistically look to our future to set new standards for excellence in our field .”
To visualize IMT Residential’s journey from its founding to its 25-year anniversary, we present you with the IMT Timeline. See when IMT entered into the various markets and get a peek at the company’s history and milestones.
IMT BY THE NUMBERS
The IMT by the Numbers infographic below illustrates all of IMT’s current statistics from our portfolio to our community amenities to our five-star reviews.*
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