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IMT Residential Announces Addition of 23 Unit Property to California Portfolio – Sherman Oaks, CA -IMT expands presence in highly desirable city center of Sherman Oaks, CA

Sherman Oaks, CA. – July 17, 2007 – IMT Residential today announced the addition of 4540 Hazeltine to a growing portfolio of properties in Los Angeles County, CA. This 23 unit garden-style apartment community is the first addition to the CA portfolio in 2007.

 

4540 Hazeltine is located conveniently close to both downtown Sherman Oaks and the popular Studio City shopping area. The community boasts a uniquely charming atmosphere coupled with upgraded unit interiors that set it apart from other larger communities in the area.

 

“This is an established community in an excellent location. We have high expectations for the continued success of this community in the years to come,” said Joseph Elhabr, Vice President of IMT Residential.

 

The newest IMT community features units appointed with recently upgraded wood vinyl entry, kitchen, and dining areas, and spacious private balconies or patios. Units come equipped with updated appliance packages. Amenities include a recreation area complete with a pool and barbecue as well as on-site laundry facilities.

 

About IMT Residential

IMT Residential is a Sherman Oaks, California based privately held full-service operator of multi-family residential properties. The company currently manages over 16,000 residential units and 60 properties in five 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.

 

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