IMT Residential Celebrates 30 Years In The Multifamily Industry
SHERMAN OAKS, CA. May 2, 2022 — This year marks the 30 Year Anniversary for IMT Residential, a leading nationwide apartment operator based in Los Angeles, CA. Founded in 1992 from humble beginnings as a third-party property management company, IMT Residential has grown from its first year with four properties located in the San Fernando Valley region of Los Angeles totaling 62 apartment homes to the present day with 51 apartment communities totaling more than 17,000 apartment homes that extend throughout nine states including Arizona, California, Colorado, Florida, Georgia, North Carolina, South Carolina, Tennessee and Texas.
With its first out-of-state acquisition located in Houston, TX in 1997, IMT Residential began its nationwide expansion and presence. IMT Residential continued to opportunistically enter into new markets with portfolio acquisitions in Dallas, TX in 1998, Phoenix, AZ in 1999, South Florida in 2001, Austin, TX in 2007, Denver, CO in 2013, Atlanta, GA in 2015, Nashville, TN in 2017, Charlotte, NC in 2020, and South Carolina in 2021. A breakthrough accomplishment that has been fundamental to this expansion is the founding of IMT Capital, a private real estate investment firm, in 2006. Beginning in January 2007, IMT Capital has since successfully closed six private equity Funds with a combined $3.6 billion of capital commitments. Other noteworthy achievements for IMT Residential during this time period include its first recognition in 2006 by the National Multi-Housing Council (NMHC) and Multi-Family Executive Magazine as one of the Top 50 Multifamily Owners nationally, and a decade later in 2016, IMT Residential was announced as one of the 14 Best Places to Work in Multifamily and has continued to receive this accolade every year since.
Co-Founder and COO, Bryan Scher remarked: “We have achieved this major milestone through the commitment and dedication of our very talented associates who work tirelessly every day to support their fellow co-workers and to serve our valued residents. It is this team-oriented, supportive culture that exists throughout the entire organization that has enabled us to retain our industry’s very best people who strive to improve every day and continually search for ways for us to do things better and differently. Together we have dedicated ourselves to 30 years of ‘putting you first’ and we are proud to celebrate our first 30 years in the multifamily industry as we look to the next chapter as a new opportunity to set new standards for excellence in our field.”
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 17,000 residential units and 50+ communities in nine 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.