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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 by locating and analyzing commercial real estate investments, then securing fund committee approval to invest money held in a university fund. The investment was made…

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Gallup: Real Estate Still Leads Stocks as Best Investment

Latest Gallup poll shows Americans still regard real estate as a better bet WASHINGTON, D.C. — Stocks have had a strong 2019, with the major U.S. stock indices establishing or nearing record highs in April and early May. Still, more Americans continue to believe real estate (35%) is a superior long-term investment to stocks (27%) or other investment options. In recent years the real estate market has been hot, with home values in 2018 the…

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Denver, Portland Rank Among Top 10 U.S. News Best Places

IMG targeted markets named among 10 best places to live by U.S. News & World Report U.S. News has unveiled its 2019 Best Places to Live in the USA report, with four IMG active portfolio markets appearing in the Top 10. The rankings evaluated 125 total metropolitan areas according to five metrics including job market, value, quality of life, desirability, and net migration. #2: Denver, CO The Mile High City has a low unemployment rate…

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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 investment activity in the market. At $2.5 billion in 2018, transaction volume reached a new cycle peak. The metro added 27,300 jobs in the 12…

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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. Berkadia worked with the new owner, Investors Management Group, to originate a $31.2 million, 10-year Freddie Mac acquisition loan. Located at 6609 Reafield Drive in…

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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 Angeles at the Westin Hotel on March 14, hosted by the CFA Society Los Angeles, CAIA Association, CalALTs and Markets Group. Investors Management Group served…

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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, in this syndication. The property is located at 6609 Reafield Drive, in an affluent South Charlotte neighborhood near major employment centers. IMG will rebrand the…

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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 many affluent renters.  “Reports of the end of the multifamily cycle have been greatly exaggerated,” said Michael Cohen, vice president of CoStar’s advisory services in…

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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 Road. Clearwater Oaks was recapitalized by IMG in February 2017 at a price of $12,025,000 ($60,125/unit). The property sold January 15, 2019 for $16,575,000 ($82,875/unit),…

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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 believes multifamily assets, including our current Tenant-in-Common offering (324 units, Charlotte), will continue delivering stable cash flow yields and value growth in today’s investment environment…

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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 percent, the garden apartment component was near a double-digit total return at 9.33 percent. Appreciation in value accounted for the over-performance in the garden apartment group….

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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 the heels of the company’s $40 million value-add acquisition of a 276-unit community in Tampa, Fla. IMG’s portfolio now exceeds 2,800 units, according to Yardi…

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Karlin Conklin shares self-directed IRA investment advice with Kiplinger

How to Use a Self-Directed IRA to Invest in Real Estate By KARLIN CONKLIN | Investors Management Group September 20, 2018    Stocks, bonds and mutual funds are the usual way most people invest their IRAs, but there are alternatives. For investors who would rather walk their own path, a self-directed route is one way to go. A self-directed IRA is a type of retirement account legally structured like a traditional or Roth IRA. Though the same annual contribution…

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Tampa apartment complex built in 1990 near MacDill Air Force Base sells for $40M

Published/updated August 28, 2018 – The Real Deal A California-based firm bought a 276-unit apartment complex in Tampa for $40 million. Investors Management Group Inc. (IMG) of Woodland Hills, California, paid about $145,000 per unit for the property formerly known as Pavillions at Ballast Point. IMG plans extensive exterior and interior renovations to the property, which has been renamed Solis at Ballast Point. The 24-acre property at 6306 South MacDill Avenue in south Tampa is near MacDill…

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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 their investment. And finally, both are structured as a security, and only accept funds from accredited investors. GlobeSt.com: How do the returns differ? Conklin: In…

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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 Solis at Ballast Point and is planning interior and exterior renovations. It is the first time the apartment complex has sold since it was built…

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1.3 million job openings forecasted in Portland region through 2027

Oregon has added an impressive number of younger adults this decade. The state ranks 7th in the United States for growth among people age 25 to 44 (since 2010). The 11% percent growth is more than 3x faster than states such as Virginia, North Carolina and Georgia– and more than Missouri, Ohio, Arkansas, Indiana and New Mexico combined. The majority of Oregon’s growth in this demographic is in the Portland region. Multnomah County alone added…

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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 mayoral leadership in developing and implementing programs that improve the quality of life in America’s cities, focusing on the leadership, creativity, and innovation demonstrated by…

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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 close to Old Dominion University near two of the most trafficked corridors in Norfolk, I-264 and I-64.   IMG spent over $1.1M on a capital…

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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 raise equity from accredited investors to purchase large apartment complexes. I don’t do houses—houses are a different world. They’re emotional. Commercial real estate, it’s all…

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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 funds), many are now choosing a smaller group of 20 or so accredited investors. This could bode well for those considering investing in the multifamily…

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Research Triangle Tops Forbes’ 2018 Best Places To Rent List

North Carolina’s Research Triangle Tops Forbes’ 2018 List Of The Best Places To Rent Forbes Staff, April 15, 2018 Home to UNC Chapel Hill, N.C. State and Duke University, North Carolina’s Research Triangle region—including the cities of Raleigh, Durham and Chapel Hill—is best known for top notch universities, but students would be wise to consider sticking around after graduation. Reasonably priced apartments, coupled with strong population growth and ample employment opportunities, earn the area the…

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Ann Blume Promoted to Director of Asset Management

Ann Blume, formerly Investors Management Group’s director of private equity is now IMG’s director of asset management. Blume will be responsible for overseeing the company’s assets nationwide including oversight of operations, capital projects and asset preservation. Her responsibilities also incorporate acquisitions due diligence and investor relations. Blume will work out of the Los Angeles company’s Portland office. Source: The Oregonian Oregon Business News

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IMG Sells Charlotte Asset for $60M

The Reserve at Providence is a 574-unit garden-style community that includes a dog park, a picnic area and three pools Source: Multi-Housing News, by D.C. Stribling | March 30, 2018 FCP has acquired the Reserve at Providence, a 574-unit, garden- and townhome-style apartment community in Charlotte, for $60.8 million. The buyer plans to treat the property, which was originally developed in 1980, as a value-add play. Common amenities include a clubhouse that is planned for…

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IMG Hosts Exclusive Investor Forum in Portland

Investors Management Group, Inc. hosted an invitation-only forum event connecting multifamily investors with tax, real estate and economic experts on Wednesday, March 7th at Bridgeport Brew Pub in Portland, Oregon. The 5:30pm panel discussed the impact of the new tax laws and rising interest rates, plus where investors could find multifamily investment opportunities in 2018. Complimentary hors d’oeuvres, wine, and award-winning local pints were served. PANELISTS Neil Schimmel, President & CEO, Investors Management Group, Inc….

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NREI: “New Tax Laws Likely to Increase HNW Investment in Real Estate”

For high-net-worth (HNW) investors in commercial real estate, the federal tax overhaul is practically a financial home run. Legal and tax experts say the law bestows several benefits that make it more appealing for HNW investors to buy properties. Broadly speaking, the tax law, enacted in December, represents a huge win for HNW real estate investors, says Jamie Byington, a tax partner in the Coral Gables, Fla. office of financial and management advisory firm Cherry…

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How the New Tax Reform Act Helps Multifamily

How the New Tax Reform Act Helps Multifamily Changes to rules governing depreciation, pass-through entities are especially beneficial. By Douglas Fisher, MULTIFAMILY EXECUTIVE A lot has been written about the new Tax Cuts and Jobs Act (TCJA) and its potential implications for the real estate investment industry since the law was passed on Dec. 22 of last year. I’m not a tax expert by any stretch, or a prognosticator of market dynamics; however, as an…

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MHN: IMG Sells 586-Unit Atlanta Community

American Landmark has acquired Madison at River Sound, a multifamily community in Atlanta’s suburb of Lawrenceville, Ga., from Investors Management Group Inc.  Berkadia arranged the financing on behalf of the buyer. Located at 980 Walther Blvd., the 586-unit community features one-, two- and three-bedroom floor plans ranging from 714 to 1,523 square feet. Constructed in 1997, the property was 94 percent occupied at the time of purchase. Read the Full Article in Multi-Housing News Investors Management…

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Karlin Conklin Presents at Banking Industry Forum

Wealth managers, personal trust officers and commercial banking officers were in attendance at an exclusive banking industry forum in Portland to hear the latest economic indicators, 2018 tax reform and tax benefits of real estate ownership. Karlin Conklin, IMG’s Executive VP, Private Equity was an invited guest speaker presenting information on 1031 exchanges and TIC ownership. Tenant in Common is a “strength in numbers” form of direct real estate ownership in which multiple investors each…

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Strong Multifamily Market To Continue In 2018

Source: Rental Housing Journal 1/23/18 The multifamily market will see continued strength in 2018, largely mirroring last year’s performance, according to new findings in the Freddie Mac Multifamily 2018 Mid-Year Outlook. The outlook also shows Sacramento, Portland, Seattle, Tacoma and Colorado Springs among the top 10 metros for income growth in 2018. In the outlook, Freddie Mac Multifamily Research and Modeling Vice President Steve Guggenmos and Manager Sara Hoffmann find: The moderated growth the market…

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