IMT Acquires 392 Unit Multifamily Property in Houston, TX
HOUSTON, TX. July 20, 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, Arizona, Colorado, Texas, and Florida, today announced the acquisition of IMT Uptown Post Oak.
IMT Uptown Post Oak is a luxurious residential community totaling 392 apartment homes. Located at 1111 Post Oak Blvd. Houston, TX 77056, this urban apartment community is ideally located in the Uptown Neighborhood, an urban community of exceptional beauty, sophistication, style and international prominence in the heart of Houston, and with close proximity to the iconic Gerald D. Hines Waterfall Park and over 100 premier dining restaurants.
The apartment homes at IMT Uptown Post Oak boast spacious studio, 1, 2, and 3 bedroom floor plans that feature high end finishing such as stained concrete, granite countertops, stainless steel appliances, extra high ceilings and oversized Roman bathtubs (features vary per apartment home). The community truly caters to an ultra-lavish setting with a resort-style pool with waterfall and attached tanning/wading pool, a separate lap pool with waterfall, outdoor fireplace plazas with lounge areas, and much more.
“We are pleased to continue the expansion into Houston, TX with the addition of IMT Uptown Post Oak. The Houston location is an ideal location for us, one that has seen continuous rent growth,” 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 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 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.