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
From left: Related California’s Gino Canori and William Witte with 710 Broadway (710 Broadway, Getty, Related)
Related scores $385M in financing for Santa Monica mixed-use project
Related scores $385M in financing for Santa Monica mixed-use project
RBM's Hiro Kobayashi with 11264 La Grange Avenue
RBM buys film company HQ in Sawtelle for undisclosed price
RBM buys film company HQ in Sawtelle for undisclosed price
ApartmentList's Rob Warnock (ApartmentList, Getty)
LA rents dip in December, still higher than pre-pandemic
LA rents dip in December, still higher than pre-pandemic
From left: Lexington Apartments, 1221 Ocean, Thea at Metropolis, and Vue Los Feliz
$500M sale tops list of LA multifamily deals in 2022
$500M sale tops list of LA multifamily deals in 2022
Beach City Capital's Jason Muller with rendering of 12763 Mitchell Avenue (Beach City Capital)
Beach City Capital to start work on Mar Vista apartments
Beach City Capital to start work on Mar Vista apartments
8747 Parthenia Place in North Hills (Google Maps, Getty)
Parthenia Partners to build 55 apartments in North Hills
Parthenia Partners to build 55 apartments in North Hills
(Getty; Illustration by The Real Deal)
Los Angeles rents rise 11% for two-bedroom apartments
Los Angeles rents rise 11% for two-bedroom apartments
CBRE's Dean Zander and CBRE’s Stuart Weston with a rendering of Rize Irvine (LinkedIn, CBRE, Zillow)
Rize Irvine apartment complex trades for $190M
Rize Irvine apartment complex trades for $190M
arrow_forward_ios

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

Loading...