Category

Latest News

Latest News

IMG acquires The Seasons at Umstead in Raleigh

IMG Expands its Southeastern U.S. Footprint with 244 Units in Raleigh  The 244-unit upscale multifamily community represents IMG’s 7th multifamily investment property in North Carolina Investors Management Group, Inc. (IMG) has successfully acquired The Seasons at Umstead, an upscale 244-unit multifamily community in Raleigh, North Carolina. The purchase price was…

Continue reading
Latest News

IMG Announces $30.24M Multifamily Sale in Seattle MSA

Woodland Hills, CA – September 10, 2019 – Investors Management Group, Inc. (IMG) today announced the sale of The Orion, a 15-story, 168-unit multifamily high-rise in downtown Tacoma, Washington for $30.24M.  Prior to IMG’s acquisition in 2014, the property suffered from decades of deferred maintenance and poor management; occupancy and…

Continue reading
Latest News

‘Bad’ vs ‘Balanced’ —Translating this week’s headlines

By: Karlin Conklin, Principal & Executive Vice President, Investors Management Group Published: July 19, 2019 CNBC reported this week that The American Institute of Architects (AIA) Architecture Billings Index fell into negative territory in June. The article’s headline “Bad sign for commercial real estate” is eye-catching for multifamily investors, although…

Continue reading
Latest News

IMG acquires its eighth Metro Atlanta investment property

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. The property, formerly known as Amber Mill Apartments, was acquired for $35.1M. Completed in…

Continue reading
Latest News

IMG Attends NAA Conference in Denver

IMG’s active engagement on asset and property management trends recognized with attendance at NAA’s 2019 Apartmentalize Conference in Denver Apartmentalize, hosted by the National Apartment Association, is a multifamily industry premier event bringing together top thought leaders and trendspotters from across the U.S. CEO Neil Schimmel and Asset Management Director…

Continue reading
Latest News

IMG Featured on Strategic Investor Radio

 IMG Principal Karlin Conklin, a longtime contributor to a wide range of multifamily/real estate investment publications, including Kiplinger, Globest.com, Multi-Housing News, et al, discusses value-added real estate opportunities on Strategic Investor Radio with Charley Wright. Listen Now: Institutional Level Multi-Family Real Estate with Charley Wright Published: May 15, 2019…

Continue reading
Latest News

IMG Selected for Groundbreaking UNCC Investment Program

A groundbreaking educational program at the University of North Carolina at Charlotte recently closed their first investment on behalf of a university investment fund. In February 2019, Master of Science in Real Estate (MSRE) students in the Belk College of Business at UNC Charlotte turned classroom instruction into real-world experience…

Continue reading
Latest News

Yardi Matrix: “Charlotte Goes Full Speed Ahead”

Economic Growth in Charlotte, North Carolina Props Up Demand Multifamily continued to be a top-performing sector in Charlotte in 2018. The metro’s long-established financial, energy and logistics businesses continued to thrive, prompting extended demand for multifamily product across asset classes. Above-average employment growth and positive demographic trends have also boosted…

Continue reading
Latest News

Charlotte Community Trades for $46M

The 324-unit garden-style property changed hands with the help of a $31.2 million Freddie Mac acquisition loan arranged by Berkadia. Published in Multi-Housing News – MAR 18 2019 By: Lucia Morosanu Fairfield Residential has sold the 324-unit Canopy at Baybrook in Charlotte, N.C., for $45.5 million, according to Yardi Matrix data….

Continue reading
Latest News

IMG Featured as a Sponsor of ALTSLA 2019 Los Angeles

IMG Co-Sponsors ALTSLA 2019 Conference in Los Angeles Recognized as the “West Coast’s premier alternative investment conference,” ALTSLA 2019 drew over 1,000 industry experts from across the country for discussion, education and commentary on a variety of alternative investment topics including investment real estate. The event was held in Los…

Continue reading
Latest News

IMG Acquires $45.5M Charlotte Asset

IMG Expands its Portfolio to 2,234 Units with Canopy at Baybrook Acquisition Woodland Hills, CA – February 27, 2019 – Investors Management Group (“IMG”) successfully acquired the 324-unit multifamily community currently known as Reafield Village in Charlotte, NC. IMG sponsored a group of more than 100 investors, including 1031 exchange buyers,…

Continue reading
Latest News

CoStar Analysts: Apartment Demand “Keeps Surprising”

Source: CoStar.com | February 07, 2019  The apartment market’s party was supposed to break up last year after a decade of robust rent growth, falling vacancies and record sales left most experts predicting an inevitable slowdown. It didn’t happen, leaving analysts to watch in 2019 for the effects of too…

Continue reading
Latest News

IMG Announces $16.5M Multifamily Sale in Tampa MSA

IMG Announces $16.5M Multifamily Sale in Tampa MSA Woodland Hills, CA – January 15, 2019 – Investors Management Group (“IMG”) is pleased to announce its successful sale of Clearwater Oaks, a 200-unit multifamily property located in Clearwater, Florida. The property includes 23 buildings on a wooded 11-acre site at 1121 Druid…

Continue reading
Latest News

Multifamily: The Right Approach Right Now for Passive Investors

What is the right approach right now for passive income investors?  Multifamily has always offered an attractive risk-adjusted real estate investment. As an asset class it is especially compelling right now, given favorable economic and demographic trends against a backdrop of late-stage cycles in real estate and financial markets. IMG…

Continue reading
Latest News

ULI’s Expected Best Bets for 2019

IMG Principals Neil Schimmel and Karlin Conklin selected the following highlights from the ULI Emerging Trends in Real Estate® Report 2019, the most highly regarded and widely read forecast report in the real estate industry. Expected Best Best: Garden Apartments While the multifamily sector registered an overall NCREIF total return of 6.38…

Continue reading
Latest News

MHN: IMG Acquires Suburban Atlanta Asset

View Full Article on Multi-Housing News  Domum Real Estate Partners has sold The Eclipse, a 175-unit Class B community in the northeastern suburbs of Atlanta, for $22.2 million. Walker & Dunlop provided the buyer, Investors Management Group, with a 10-year, $15.1 million Freddie Mac acquisition loan. The purchase comes on…

Continue reading
Latest News

TIC vs. DST: GlobeSt.com Interviews IMG’s Karlin Conklin

GlobeSt.com: What are the differences between DSTs and TICs? Karlin Conklin: There are more similarities than differences between the two structures. First, both forms of real estate ownership can work with 1031 exchanges, provided the deal is structured properly. Second, both allow investors to have a more hands-off approach to…

Continue reading
Latest News

Ballast Point apartments sold for $40 million

Tampa Bay Business Journal August 7, 2018 A group of California investors has acquired a Ballast Point apartment property for $40 million Investors Management Group closed on the 276-unit Pavillions at Ballast Point on Aug. 1. The sales price breaks down to $144,927 per apartment. IMG will rebrand the property…

Continue reading
Latest News

Tampa Named ‘Most Livable’ City In America

The U.S. Conference of Mayors has named the City of Tampa the “Most Livable” city in the United States. The designation made during the conference of mayors’ 86th annual meeting in Boston stems from Tampa’s first place finish in its 39th annual City Livability Awards Program. The Livability Award recognizes…

Continue reading
Latest News

IMG Sells Norfolk Asset For $17M

Investors Management Group, Inc. is pleased to announce the successful closing today of The Lafayette, A Riverfront Apartment Community in Norfolk, Virginia. Built in 1963, The Lafayette is a 168-unit high-rise apartment community composed of one, two and three-bedroom apartment homes. It is located in the heart of Norfolk and…

Continue reading
Latest News

IMG’s Karlin Conklin featured in Portland Monthly Magazine

Should You Invest in Real Estate? By Zach Dundas  4/24/2018 at 4:17pm  Published in the May 2018 issue of Portland Monthly View Original Article at PDXMonthly.com Karlin Conklin, 60, runs the commercial real estate investment firm IMG Northwest. ZD: Imagine I know nothing about real estate. (Not far from the truth). What are some basics? KC: We…

Continue reading
Latest News

MHN: 5 Tips for Investing in Multifamily by Karlin Conklin

Originally published in Multi-Housing News Here’s what an expert is seeing for the second half of 2018 that can help you navigate your next—or first—building investment. by Karlin Conklin | May 02, 2018 Many investment firms are changing their investor pools. Where once all investors were institutional partners (think: billion-dollar…

Continue reading