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IMT EXPANDS FLORIDA PORTFOLIO WITH THE ADDITION OF A COMMUNITY IN TAMPA, FL

TAMPA, FL. October 6, 2015 – 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 California, Colorado, Arizona, Texas, Florida, and Georgia, announced the acquisition of IMT Boot Ranch.

 

IMT Boot Ranch is a luxurious residential community totaling 432 apartment homes. Located at 1350 Seagate Drive, Palm Harbor, FL 34685 this apartment community is ideally located in Palm Harbor, a prosperous neighborhood within the Tampa Bay area. This highly desirable residential area boasts top rated schools, is close to several golf courses, and is within 25 minutes from two of Tampa Bay’s largest employment centers, the Westshore Business District and the Gateway office submarket. IMT Boot Ranch is a short commute from Clearwater, St. Petersburg and Tampa International Airport.

 

The apartment homes at IMT Boot Ranch feature spacious 1, 2, 3, and 4 bedroom floor plans offering a wide range of interior amenities such as walk-in closets, a screened balcony or patio, peaceful canal views, and fully equipped modern kitchens. The community encourages an active and social lifestyle with two saltwater swimming pools, tennis and basketball courts, a children’s playground, and a 24-hour fitness center.

 

“We are excited to continue expansion of our portfolio in Florida with the addition of IMT Boot Ranch. The Palm Harbor neighborhood location is an ideal location for us, one slated to 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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