IMT Capital closes $630M fund

Firm based in Sherman Oaks will invest in multifamily properties

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

CGI’s Gidi Cohen and the Fedora Street project

CGI scores $48M in construction financing for Koreatown multifamily project

Hobart Garden Apartments at 1344 N Hobart Boulevard (Credit: Google Maps)

Reiner Communities pays $48M for 142-unit East Hollywood complex

Interest rate drops spur loan requests from multifamily borrowers (Credit: iStock)

Multifamily owners rush to refinance their mortgages

930 S. Park View Street (Credit: Google Maps)

Chateau Group files for 65-unit complex in developing Westlake

A map of Westlake (Credit: Google Maps and iStock)

Developers are digging into multifamily projects in Westlake

Ken Gladstein in front of 630 Masselin Avenue

Multifamily investor Sares-Regis bets big on Miracle Mile

A multifamily building could replace this auto body shop (Credit: Google Maps)

Bastion plans 139-unit project on doorstep of booming Culver City

From left, clockwise: Daydream Apartments’ Griffin and Grace on Spring, Douglas Emmett’s The Glendon at Westwood and Carlyle Group’s Sofia Los Angeles

Here are LA’s 5 biggest multifamily sales of 2019