IMT EXPANDS ARIZONA PORTFOLIO WITH THE ADDITION OF A COMMUNITY IN SCOTTSDALE, AZ

SCOTTSDALE, AZ. March 31, 2016 – IMT Capital, LLC, a private real estate investment and management company, 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, announced the acquisition of IMT Desert Ridge.

 

Located in the highly coveted neighborhood of North Scottsdale, IMT Desert Ridge is ideally located with direct access to Metropolitan Phoenix’s premier retail, dining, and entertainment.  A unique mix of contemporary lifestyle amenities that range from world class resorts and golf to eclectic dining and night clubs can be found within minutes of IMT Desert Ridge.

 

IMT Desert Ridge features two swimming pools and spas with water features, lushly landscaped grounds, Ramadas with gas BBQ grills, a lighted sand volleyball court, and a 24 hour fitness center with free weights and personal TV monitors.  Offering one, two and three bedroom floorplans ranging from 810 to 1285 square feet, each apartment home includes notable amenities such as in-home full size washer and dryer, spacious walk-in closets, private patio/balcony, and a fully equipped kitchen.

 

“We are excited to continue expansion of our portfolio in Arizona with the addition of first property in Scottsdale, AZ, IMT Desert Ridge. The Scottsdale location is a new and exciting location for us, one that will see continuous rent growth in the next few years,” said Joseph Elhabr, Vice President, IMT Residential. IMT plans on implementing 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 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.

 

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 20,000 residential units and 50 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. Additional information on IMT Residential can be obtained by going to www.imtresidential.com.

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