SHERMAN OAKS, CA. July 20, 2017— IMT Capital, LLC, a private real estate investment firm, together with its affiliate, IMT Residential, a leading nationwide apartment operator with multi-family properties that extend throughout Arizona, California, Colorado, Florida, Georgia, Texas, and now Tennessee, announced the acquisition of IMT Cool Springs.
IMT Cool Springs is located in Franklin, TN, an affluent suburb of Nashville, TN, and minutes from I-65, I-840, Brentwood, and Nashville’s most dynamic business district. Each of IMT Cool Spring’s 474 one, two and three bedroom apartment homes feature a wide range of amenities including the convenience of an attached garage, spacious walk-in closets, vaulted ceilings and many more distinctive designer touches throughout. Community amenities include a resort-style pool and spa, two outdoor tennis courts, a state-of-the-art fitness center with indoor racquetball courts, and a billiards room. As a pet-friendly community, IMT Cool Springs is also equipped with pet stations and a pet park.
“We are excited to continue the expansion of our portfolio into Tennessee with the addition of IMT Cool Springs. The Franklin neighborhood is an ideal location for us, and one that will see continuous rent growth in the next few years,” said Joseph Elhabr, Vice President, IMT Residential. IMT will implement its professional and strategic managing techniques to ensure steady and continual growth and maintain superior service to its residents.
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.
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 20,000 residential units and 60+ communities in seven 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.