SHERMAN OAKS, CA, June 26, 2017— IMT Residential, a leading nationwide apartment operator, together with its affiliate IMT Capital, LLC, a private real estate investment and management company, announced the acquisition of a 230-unit, multifamily apartment community located in Sandy Springs, Georgia.
The perfect mix of big city entertainment and suburban oasis, IMT Sandy Springs represents IMT Residential’s third multifamily apartment community in the Atlanta, Georgia submarket. Each open-concept apartment home and townhome is complete with stainless appliances, quartz countertops, kitchen islands, farm-style sinks and a full-size washer and dryer. IMT Sandy Springs is in the heart of Atlanta’s Central Perimeter and an ideal location for commuters with Fortune 500 Companies, the Abernathy Greenway and renowned restaurants and nightlife mere minutes away.
“We are excited to continue the expansion of our portfolio in Georgia with the addition of our property in Sandy Springs. The Sandy Springs neighborhood is an ideal location for us and one that will see continuous rent growth in the next few years,” said Joseph Elhabr, Vice President, IMT Residential.
Situated near the Roswell Road corridor, Georgia 400 and 285-loop, residents have access to all of Atlanta’s metro area at their fingertips and a host of amenities just outside their door. IMT Sandy Springs delivers convenience and luxury to its residents with a resort-style saltwater pool, an extensive 24-hour fitness center, dog run, pet spa and various indoor and outdoor entertainment spaces. IMT will implement its professional and strategic managing techniques to ensure steady and continual growth and maintain superior service to its residents.
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 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 60+ 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 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 www.imtresidential.com.