LOS ANGELES, Oct. 20, 2011 — IMT Capital, LLC, a private real estate investment and management company, together with its affiliate IMT Residential, a leading nationwide apartment operator with multi-family properties that extend throughout California, Arizona, Texas, and Florida, today announced the acquisition of IMT Rancho Serrano Townhomes.
IMT Rancho Serrano Townhomes is a brand new 22-unit multi-family property located at 166 North Rancho Road in Thousand Oaks, CA. This property is conveniently located near world-class shopping, trendy dining, progressive work environments and endless recreational activities. Thousand Oaks is a celebrated community offering distinguished schools, outstanding health care, festive culture, fine art events, and an easy commute to Los Angeles.
"We are pleased to continue the expansion of our Southern California portfolio with the addition of IMT Rancho Serrano Townhomes. The Thousand Oaks location is a new area for us, one slated to see continuous rent growth in the next few years," said Joseph Elhabr, Vice President, IMT Residential.
This upscale community features 22 townhomes with granite countertops, high-end stainless steel appliances, washer and dryers, private garages, and much more. Each spacious unit at IMT Rancho Serrano Townhomes has three bedrooms and two and a half baths with 4 distinct floor plans to choose from.
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 http://www.imtcapital.com.
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 16,000 residential units and 70 communities in four 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. Additional information on IMT Residential can be obtained by going to http://www.imtresidential.com.
Contact:
Joseph Elhabr
Telephone: (818) 784-4700
Email: Email
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