IMT Capital closes $630M fund

Los Angeles /
Mar.March 07, 2016 01:00 PM

IMT Capital, a Sherman Oaks-based private real estate investment company with a national portfolio of multifamily properties, has closed IMT Capital Fund IV, an investment fund with $630 million in committed equity.

Fund IV will invest in multifamily assets located in major U.S. markets. A representative of IMT declined to comment on how much of the fund will be dedicated to investment in Los Angeles, except to say there was no specific geographic requirement.

Investors in Fund IV include university endowments, foundations, pension funds, and high net worth individuals.

IMT’s past acquisitions in Los Angeles County include the purchase of Sunkist’s former 8.3-acre campus at 14130 Riverside Drive in Sherman Oaks for about $36 million in February 2013. IMT has proposed a 298-unit multifamily building on the site slated to begin construction in April 2017, according to CoStar Group.  

IMT also owns a handful of multifamily properties in Sherman Oaks, as well as Granada Hills and Westlake Village, acquired through its previous funds.

“We look at change in the markets as our friend,” Michael H. Browne, IMT Capital’s co-founder and managing director, said in a statement. “All cycles are a little different, and all have something to offer our disciplined investment approach.”


Related Articles

arrow_forward_ios
Fullerton apartments take title as top sale in OC
Fullerton apartments take title as top sale in OC
Fullerton apartments take title as top sale in OC
Kings Villages (Rent.com)
Jonathan Rose Companies buys Pasadena complex for $223M
Jonathan Rose Companies buys Pasadena complex for $223M
Red Oak Investments' Alex Wong and A-1 Trailer Park (Google Maps, Red Oak)
Presto on PCH: apartment developer plans to make trailer park disappear
Presto on PCH: apartment developer plans to make trailer park disappear
603 Mariposa Avenue and Housing Diversity Corporation's Brad Padden (Google Maps, Housing Diversity Corporation)
Seattle micro-housing developer extends LA push in Koreatown
Seattle micro-housing developer extends LA push in Koreatown
$163M for Laguna Niguel apartment complex
$163M for Laguna Niguel apartment complex
$163M for Laguna Niguel apartment complex
Will Tiao of Tiao Properties with the site of the development (Google Maps, Tiao)
Developer sees tear-down, build-up in Boyle Heights
Developer sees tear-down, build-up in Boyle Heights
BH investor goes Hollywood in link with construction vet
BH investor goes Hollywood in link with construction vet
BH investor goes Hollywood in link with construction vet
Dalan Management co-founder Danny Wrublin and 1660 Kendall Drive (Facebook via The Vue Apartment Homes)
Dalan Management offloads San Bernardino apartment complex for $54M
Dalan Management offloads San Bernardino apartment complex for $54M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...