Woodland Hills, CA (July 11, 2019) — Investors Management Group, Inc. (“IMG”) announced today it has closed on a 264-unit apartment community in Duluth, Georgia. This is the firm’s eighth Metro Atlanta investment property since 2013.

Amberlake Village Duluth IMG Investment PropertyThe property, formerly known as Amber Mill Apartments, was acquired for $35.1M. Completed in 1985, the garden-style complex features one-, two- and three-bedroom apartment homes across 31 residential buildings. Renamed Amberlake Village, the property will receive $2.7M in planned capital improvements.

Investors Management Group experienced its fastest-ever equity raise with over $13M committed within ten days of the offering release date. This reflects the growing demand for value-add multifamily investments and investor confidence in Atlanta Metro fundamentals.

Highlighting the firm’s track record, CEO Neil Schimmel notes, “Healthy economic growth and attractive asset pricing have drawn us to North/Northeast Atlanta investment properties, with more than $440M in transactions completed there since 2013.”

Amberlake Village aligns with the firm’s signature IPA investment philosophy, according to Kevin Crook, IMG’s Director of Acquisitions.  



Atlanta is a global business hub and one of the fastest growing metros in the U.S. The city added nearly 90,000 new residents between 2016-2017, ranking it as the 3rd-fastest growing metro (US Census, 2018).

Corporate facility investors and site consultants awarded Georgia as the #1 state for business climate four years in a row and the #1 state for business three years in a row. A total of 26 companies listed on the Fortune 1000 maintain headquarters in Atlanta, placing the city behind only NYC and Houston. More FORTUNE 500 companies have headquarters in Atlanta than Dallas and Nashville combined.


Large-scale developments are in progress (July 2019) minutes from this Duluth property. Notable projects include the 118-acre Revel mixed-use development, Legacy Park office development, expansion of the Infinite Energy Forum, and the $200M Southlawn project in Lawrenceville.


The immediate submarket has averaged 6.5% yr-over-yr effective rent growth the past five years (Axiometrics). Roughly 125K new residents entered Gwinnett County since 2010, while only 4,000 new multifamily units were added, representing a new resident to unit delivery ratio of 27:1 (Atlanta Regional Commission).

The property is just minutes from the PGA Tour affiliate TPC Sugarloaf, one of the most coveted private clubs and courses on the East Coast. Nearly 200 homes with home values of $500K+ within a 3-mile radius of Amberlake Village sold between 2018-2019.

This Offering Memorandum was written and is being presented solely to support the promotion or marketing of IMG and a possible future offering of securities in an IMG sponsored project (the “Offering”). All offers and sales of any securities will be made only to Accredited Investors through a Confidential Private Placement Memorandum and any exhibits and attachments thereto (collectively, the “PPM”). This Offering Memorandum is not the PPM, and is not intended nor shall it be construed to be an offer to sell any securities. No PPM will be presented to you unless and until IMG has first been able to validate your status as an Accredited Investor.