Investors Management Group (“IMG”) is a private real estate investment firm focusing exclusively on the multifamily sector. IMG specializes in value-add and opportunistic real estate investments in major metropolitan markets in need of recapitalization, repositioning, or significant renovation. Since its inception in 1993, IMG’s multifaceted platform has encompassed ownership, investment sponsorship, financing, asset management, and advisory services to multiple investment partners including prominent institutions, private equity funds, family offices, and individual investors.
IMG’s portfolio comprises of nearly 6,000 units in select markets in Florida, Georgia, North Carolina, Colorado, Washington & Oregon.
Targeted Markets: California, Oregon, Washington, Colorado, Georgia, Florida, North Carolina
Transaction Size: $8 Million to $30 Million
Property Size: 75 – 250 Units
Characteristics: Quality, well-located real estate (Class A- to B-), stabilized or un-stabilized, value-add opportunity
Location: In-fill & suburban locations considered, access to job corridors and recreation
The founder of Investors Management Group, Neil Schimmel, has a real estate career in the multifamily arena that has spanned over 30 years. He has successfully led several groups in the nationwide acquisition, financing, redevelopment, asset management and disposition of over $3 billion of real estate, or approximately 40,000 multifamily units.
During 2003 – 2007, IMG provided advisory services to a privately held real estate company. At its height, the company had over $2 Billion of multifamily real estate, comprising over 100 apartment buildings, encompassing approximately 25,000 units, spread over 20 different states. Mr. Schimmel was responsible for overseeing the acquisition, management and disposition of the entire portfolio. In 2007, when this company was in the final stages of completing a 144A roll up (precursor to a public offering), the market was hit by the recession. Mr. Schimmel’s deep understanding of the banks’ operating criteria and exhaustive knowledge of intricate loan documents, allowed him to successfully guide both the company’s principal and its lenders through the workout process to ensure mutually acceptable and workable business solutions. During the workout negotiations Mr. Schimmel forged a very strong and well respected relationship with these institutional lenders which still exists today.
In 2010, after IMG had successfully completed the workout on behalf of his client, Mr. Schimmel saw renewed opportunities in the real estate market, particularly on the distressed side, and commenced acquiring properties under the IMG banner. By the end of 2012, the real estate market and the economy in general appeared to have made a sufficient recovery.
IMG’s strategic plan is to acquire 1000-1500 units in each of its targeted markets with a goal of maintaining a portfolio of 10,000-12,000 units.