IMT Announces Completion of IMT 5700 in Sherman Oaks, CA
SHERMAN OAKS, CA. January 23, 2018 — IMT Capital, LLC, a private real estate investment firm, together with its affiliate, IMT Residential, a leading nationwide apartment operator with multi-family properties that extend throughout Arizona, California, Colorado, Florida, Georgia, Tennessee, and Texas, today announced the completion of their latest multifamily development project, IMT 5700.
IMT 5700 is a luxurious apartment community situated directly on Sepulveda Boulevard offering all the conveniences and advantages of a metropolitan lifestyle one would expect when living in a prime location within the San Fernando Valley. Continuing IMT’s standard of excellence in residential living, each of IMT 5700’s 131 one, two, and three bedroom apartment homes feature a wide range of amenities including spacious walk-in closets, quartz countertops, spacious walk-in closets, in-home washer and dryers, and many more distinctive designer touches throughout. Community amenities include a resort-style pool and spa, the IMT Active fitness center and Fit-x Studio, a rooftop sun deck, an Entertainment Lounge, and a Cyber Lounge.
“We are excited about the addition of IMT 5700 into our California portfolio. The San Fernando Valley is where IMT Residential first operated, and we are proud to open a new construction within the Sherman Oaks neighborhood, an ideal location that will see continuous rent growth in the next few years,” said Joseph Elhabr, Vice President, IMT Residential.
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 www.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 www.imtcapital.com.