SHERMAN OAKS, CA. March 01, 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 including more than $20,000,000 committed by IMT principals. 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 changing markets as our friend,” said Michael H. Browne, IMT Capital’s co-founder and Managing Director. “All are different, and all have something to offer our disciplined investment approach.”
About IMT Capital LLC:
IMT Capital, LLC is a private real estate investment firm headquartered in Los Angeles. They are a vertically integrated investor, developer, and operator of multifamily assets in major US markets. Since 1992, the principals of IMT Capital have made investments totaling more than [$3 billion] in value, including a significant co-investment from its General Partnerships.