IMT EXPANDS COLORADO PORTFOLIO WITH THE ADDITION OF A COMMUNITY IN DENVER, CO

DENVER, CO. November 16, 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 Cherry Creek.

 

IMT Cherry Creek is ideally situated in the desirable neighborhood of Cherry Creek, CO, an urban and affluent Denver community. Minutes away from Cherry Creek Shopping Center, IMT Cherry Creek provides residents with access to retailers like Nordstrom, Macy’s, and Neiman Marcus. Those looking for a more active lifestyle have a plethora of walking and bike trials close by at Washington and Vanderbilt parks. The proximity to the Colorado Boulevard and Broadway Light Rail Stations make IMT Cherry Creek a commuter’s paradise.

 

IMT Cherry Creek features well-appointed one, two and three bedroom apartment homes complete with an in-home washer and dryer, a bay window with spectacular views, a private patio or balcony, and walk-in closets in all apartment homes.  Comprised of two communities, the community amenities are ideal with double the enjoyment as IMT Cherry Creek comes with two fitness centers, two clubhouses, and two heated outdoor swimming pools and spas. 

 

“We are excited to continue expansion of our portfolio in Colorado with the addition of our property in Denver, CO, IMT Cherry Creek. The Denver location has proven to be a prosperous location for us, and 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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