IMT Announces Purchase of Development Project in Sherman Oaks, CA
LOS ANGELES, CA. August 11, 2015 — 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 California, Arizona, Colorado, Texas, and Florida, today announced the purchase of their latest multifamily development project.
IMT’s new a land parcel is located at 5700 Sepulveda, Sherman Oaks, CA 91411. The property will sit on 1.29 acres of land and is slated for the development and construction of 131 multifamily units.
“We are excited to continue the expansion of our portfolio with the addition of another multifamily development project in California,” said Joseph Elhabr, Vice President of IMT Residential. “We will continue to provide the residents of the Sherman Oaks area with a high standard of living that IMT is known for upon its completion,” Elhabr states. 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 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.
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.