AUSTIN, TX. January 24, 2017 — IMT Capital, LLC, a private real estate investment firm, together with its affiliate, IMT Residential, a leading nationwide apartment operator with multi-family properties that extend throughout Arizona, California, Colorado, Florida, Georgia, and Texas, today announced the completion of their latest multifamily development project, IMT Residences at Riata.
Located in a prime location in Austin, adjacent to the new Apple corporate campus, this brand new community features 36 one and two bedroom townhomes and 271 one and two bedroom apartment homes. Phase 1 will consist of 47 apartment homes, with future phases opening throughout the year.
Being a LEED Silver pursuant community, and with the USB port in the gourmet kitchen to the ENERGY STAR® appliances and quartz countertops, every thoughtfully designed floorplan is eco-friendly, modern, and high tech. Continuing IMT’s standard of excellence in residential living, IMT Residences at Riata boasts a wide array of community amenities including a Pool Pavilion with BBQs and fire places, Fitness on Demand studio, Fitness Zone with cardio equipment and weight training, Cyber Lounge with free Wi-Fi, and an onsite Dog Park.
“We are excited about the addition of IMT Residences at Riata to our Texas portfolio. With the completion of this unique property, we hope to see a continuous rent growth in the next few years” said Joseph Elhabr, Vice President, IMT Residential. IMT will continue its professional and strategic managing techniques to ensure steady and continual growth while maintaining the superior service that has allowed them to realize their well earned reputation.
About IMT Residential
IMT Residential is a Los Angeles based privately held full-service operator of multi-family residential communities. The company currently manages over 19,009 residential units and 51 communities in six U.S. states. Founded in 1992, IMT Residential has been recognized on the lists of Top 50 multifamily firms nationally by the National Multi-Housing Council (NMHC) and Multi-Family Executive Magazine and is also recognized by the United States Green Building Council for their LEED for Homes construction projects. Additional information on IMT Residential can be found at www.imtresidential.com.
About IMT Capital
IMT Capital, LLC is a private real estate investment firm based in Los Angeles, CA, with offices in San Francisco, CA and Austin, TX. The company’s principals have made investments in excess of $2 billion in value since 1992. The company is a specialized manager concentrating in multifamily opportunities in major U.S. markets. Additional information on IMT Capital can be obtained by going to www.imtcapital.com.