SHERMAN OAKS, CA. September 12, 2018 — Today, IMT Residential, a leading nationwide apartment operator, together with its affiliate IMT Capital, LLC, a private real estate investment firm, announced the acquisition of three new communities, two in the San Francisco Bay Area of Northern California and one in the Santa Clarita area of Southern California.
IMT Pleasant Hill (formally named Iron Horse Park) and IMT Pleasanton (formally named Gatewood Apartments) are located in the East Bay and offer close proximity to shopping, dining and Bay Area Rapid Transit (BART) stations, making the City of San Francisco just a short commute away. IMT Pleasant Hill boasts 252 studio, one- and two-bedroom apartment homes with fully equipped kitchens, nine-foot ceilings and two swimming pools. IMT Pleasanton represents 200 one- and two-bedroom apartment homes with in-home washer/dryers and private balconies along with a fitness center and resort-style pool and spa.
IMT Stevenson Ranch (formally named The Summit at Stevenson Ranch) is comprised of 510 one-, two- and three-bedroom apartment homes in the Santa Clarita area of Southern California. The beautifully landscaped community sits upon a hilltop and features three resort-style pools, a sand volleyball court and racquetball court. Residents can choose from classic or upgraded interior amenities that include a fully equipped kitchen with stainless steel or black appliances, walk-in closets and in-home washer/dryers.
“We are excited to expand our portfolio across the California coast with the addition of these three new communities,” said Joseph Elhabr, Vice President, IMT Residential. “Southern California has proven to be a great location for us, and IMT Residential is excited to broaden our growth and expand our high-level of customer service to the East Bay of the San Francisco Area.”
The San Francisco Bay Area represents a new market in California for IMT Residential. IMT Pleasant Hill and IMT Pleasanton are the first communities added to the portfolio in the East Bay and will offer residents the professional management techniques that IMT is known for in Southern California and across its nationwide portfolio.
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 18,000 residential units and 50+ communities in seven 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 and is also recognized by the United States Green Building Council for their LEED for Homes construction projects. Additional information on IMT Residential can be found at imtResidential.com.
About IMT Capital
IMT Capital, LLC is a private real estate investment firm based in Los Angeles, CA, with offices in San Francisco, CA, Miami, FL and Austin, TX. The company’s principals have made investments in excess of $4 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 imtCapital.com.