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Portfolio

Portfolio

318 Units • Charlotte, NC • Stone Ridge

Update: This investment offering is now fully subscribed. To request information on future investment opportunities, contact: Dave Mikkelsen at (971) 888-4010 or email investor.relations@imgre.com.   Location: 8940 Camden Creek Ln, Charlotte, NC 28273 Units: 318, Garden Style Year Built: 2001 Acquired: March 13, 2020   TARGETED 5-YEAR PROJECTIONS: Avg Annual Cash-on-Cash Return: 7.30% IRR: 14.20% Equity Multiple: 1.84x INVESTMENT HIGHLIGHTS INSTITUTIONAL-QUALITY ASSET, IMMEDIATE CASH FLOW Propelled by enhanced amenities, a variety of floor plans, and a location…

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Portfolio

252 Units • Charlotte, NC • Whitehall Estates

Update: This investment offering is now fully subscribed. For more information, contact Dave Mikkelsen at (971) 888-4010 or email investor.relations@imgre.com. Location: 2400 Whitehall Estates Dr, Charlotte NC 28273 Units: 252, Garden Style Year Built: 1996 Acquired: March 12, 2020 TARGETED 5-YEAR PROJECTIONS: Avg. Annual Cash-on-Cash Return: 7.18% IRR: 14.16% Equity Multiple: 1.83x Propelled by its attractive amenities and central location at a high-traffic corner within one of Charlotte’s largest job districts, Whitehall Estates continued its…

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Portfolio

188 Units • Raleigh, NC • Livingston at Laurel Hills

Update: This offering is fully subscribed. Contact us now to discuss your 1031 exchange timing or preliminary interest in our new 506(c) securities offerings arriving to market in January 2020. Email Dave Mikkelsen at investor.relations@imgre.com or call (971) 888-4010 ext. 108.   Investors Management Group (“IMG”), a West Coast-based real estate investment and asset management firm, acquired the 188-unit Livingston at Laurel Hills apartment community in Raleigh, North Carolina. At a purchase price of $28…

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Portfolio

244 Units • Raleigh, NC • The Seasons at Umstead

The Seasons at Umstead marked IMG’s 7th multifamily investment property in North Carolina since 2015. This 244-unit luxury multifamily community is a core-plus asset uniquely positioned to benefit from continuing organic rent growth. A strategic “tech upgrade” interior renovation plan is designed to capture an upscale renter demographic within Northwest Raleigh’s Research Triangle Park submarket. Closed: September 2019 Anticipated Hold Period: 5 years Location: 8531 Summersweet Ln, Raleigh NC 27612 Units: 244, Garden Style Multifamily…

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Portfolio

264 Units • Atlanta MSA • Amberlake Village

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 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…

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Portfolio

324 Units • Charlotte, NC • Canopy at Baybrook

Canopy at Baybrook marked IMG’s 7th acquisition (1,350 units) in North Carolina and its 23rd in the Southeastern U.S. in this cycle, representing 5,378 total units. IN THE NEWS: IMG’s Canopy at Baybrook IMG Selected for Groundbreaking UNCC Educational Program Multi-Housing News: Charlotte Community Trades for $46M Charlotte Business Journal: Investment firm plans upgrades at south Charlotte apartment property after $45.5M purchase  MultifamilyBiz.com: IMG Expands its Portfolio to 2,234 Units with Canopy at Baybrook Acquisition Dynamic South Charlotte location…

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Portfolio

175 Units • Atlanta MSA • The Eclipse

IMG, a private California-based real estate investment firm, has announced the acquisition of The Eclipse, a 175-unit apartment community in Duluth, Georgia (Atlanta MSA).  The Eclipse marks IMG’s 8th acquisition in Atlanta MSA in this cycle totaling over 2,300 units. Built in 1985, The Eclipse is located in Atlanta’s northeast premier expansion market of Gwinnett County, Georgia, one of the fastest growing counties in the U.S. This Southeastern U.S. submarket has the critical benchmarks that IMG…

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Portfolio

276 Units • Tampa, FL • Solis at Ballast Point

  The Pavillions At Ballast Point is a 276-unit garden-style apartment community in South Tampa, a submarket boasting “some of the strongest demographics in the metro”CoStar, May 2018  The 19 buildings were constructed as a low density development on 21.5 acres in 1988 to preserve the mature trees throughout the property, making this a unique multifamily property in today’s fast-developing Tampa market.   “We’ve been active in the Southeast for nearly 20 years. South Tampa…

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Portfolio

218 Units • Raleigh, NC • Millbrook & Lynn Lake

Investors Management Group, Inc. completed its second and third acquisitions in Raleigh, North Carolina with the closing of Millbrook Apartments (117 units) and Lynn Lake Apartments (101 units) for $23M. This brings IMG’s total multifamily acquisitions in Raleigh’s North Hills neighborhood to $37.5M or 362 units in the last year. IMG will operate the 218 units, constructed in 1986, as a single property. It plans to invest $2.13M in capital within the first 18-24 months…

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Portfolio

144 Units • Raleigh, NC • Sommerset Place

IMG Purchases Raleigh Multifamily for $14.3M Investors Management Group’s ownership group has purchased Sommerset Place Apartments, a 144-unit property in Raleigh, NC for $14.3M as part of its Syndication Platform. The Company will execute an $8,200/unit value-add strategy to capitalize on a dynamic multifamily market. Equity placed: $6M Investors: 26 1031 Exchanges: 4 6717 Six Forks Road, Raleigh NC 27615 Investment Highlights Targeted Returns w/ a 5-Yr Hold Avg. cash/cash return: 8.25% Equity Multiple: 1.95x IRR: 15.86% IMG’s capital improvement plans…

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Portfolio

136 Units • Portland MSA • Caldera at Sunnybrook

Investors Management Group, Inc. (“IMG”) is pleased to announce the acquisition of Caldera at Sunnybrook (formally Lawnfield Gardens), an exceptional multifamily property located 10 miles from Portland’s Central Business District.   PRICE: $19,150,000 UNITS: 136 PER UNIT: $140,800 PER SF: $159 YEAR BUILT: 1977, 1980, 1991 (multiple phases) SUBMARKET: Clackamas EQUITY PLACED: $8,325,000 ACQUIRED: November 1, 2017   IMG and its investor group purchased Caldera at Sunnybrook (formerly known as Lawnfield Gardens) for $19,150,000 as…

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Portfolio

230 units • Greater Miami Area • Waterleaf

Investors Management Group, Inc. (IMG) acquired Waterleaf, a 230-unit apartment community in the northern Greater Miami Area, approximately 50 miles north of West Palm Beach. IMG, as sponsor, purchased Waterleaf with a Tenant-In-Common ownership group that included five 1031 Exchanges. IMG and its investors purchased Waterleaf for $26,750,000 in Port St. Lucie, Florida and will execute a business plan to upgrade the property. The upgrades will enable Waterleaf to capitalize on its enviable location in…

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Portfolio, Sold

Sold: 200 units • Tampa MSA

IMG Announces $16.5M Multifamily Sale in Tampa MSA Woodland Hills, CA – January 15, 2019 – Investors Management Group (“IMG”) announced 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), generating an IRR…

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Portfolio, Sold

SOLD: 90 units • Charlotte

Woodland Hills, CA – February 25, 2020 – Investors Management Group, Inc. (IMG) today announced the sale of Bridges at Quail Hollow, a 90-unit townhome community in Charlotte for $14,500,000. The property, built in 1982 and located at 7561 Quail Meadow Lane, was acquired by IMG less than three years ago for $10,750,000.  IMG acquired the asset with a business plan to install new management and invest in capital upgrades to improve unit interiors, refresh…

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Portfolio

108 units • Seattle MSA • Valley Vista

Investors Management Group, Inc.  Announces the Acquisition of Valley Vista Apartments 108 units – Seattle MSA – Top 3 U.S. CRE Market Investors Management Group, Inc. (IMGRE) acquired Valley Vista Apartments in October 2016, a 108-unit community located in Tacoma, a thriving Seattle MSA suburb as part of its Syndication Platform. IMGRE, along with its ownership group, purchased Valley Vista for $11.4 million and will execute a value-add strategy to capitalize on a rising multifamily…

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Portfolio, Sold

SOLD: 168 units • Seattle MSA

Orion in the news: “15-story apartment building in the Stadium District is getting a multimillion-dollar makeover” Read full story The downleg property, Forest Creek Apartments (a 92- unit community in Kent, Washington) had an impending loan maturity in July 2014. The ownership group was comprised of six Tenant-In-Common (TIC) owners whose investment goals were no longer aligned. The decision was made to sell rather than refinance. THE CHALLENGE: The property was well located but in…

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Portfolio

179 units • Seattle MSA • Foster Creek

Seattle MSA – Acquired Aug 2015 – $17.7 million Foster Creek is a beautiful apartment home community consisting of one and two bedroom floor plans. The property is situated in a well-kept area in Tukwila, Washington (Seattle MSA) close to an abundance of nearby retail and entertainment venues, easy access to shopping, restaurants and schools. Rents in Seattle have increased 44% in the past four years, growing six times faster than the national average in…

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Portfolio, Sold

Sold: 219 units • Atlanta MSA

Ansley Place Acquired: July 2014 Price: $21,050,000 Units: 219 Year Built: 1985 Ansley Place Apartments offers one, two and three-bedroom apartment homes centrally located in Sandy Springs, GA (Atlanta MSA) close to abundant shopping, dining, schools, parks and entertainment options. The property features a resort-style swimming pool, tanning deck, lighted tennis courts, barbecue grilling areas, business center and children’s adventure park.   Save

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Portfolio, Sold

Sold: 322 units • Denver

322 Units – Denver Boulder Crossroads (fka Briarwood North) Investors Management Group, a private California-based real estate investment firm, has announced the sale of its interest in a 322-unit apartment community located in Denver, Colorado on August 1, 2018. Based on a recent MAI appraisal of $50M for the property, the project would have generated a 48% project level IRR over IMG’s four-year hold. IMG acquired the 322 units in July 2014 for $24.2M and invested…

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Portfolio, Sold

Sold: 168 units • Norfolk

The Lafayette “A Riverfront Apartment Community” 4601 Mayflower Rd, Norfolk, VA 23508 Units: 168 Sale Date: May 8, 2018 Sale Price: $17M Per Unit: $101,190 Buyer: Buligo Capital Acquisition Date: July 2014 Purchase Price: $13M INVESTMENT HIGHLIGHTS Value-add Multifamily Opportunity Built in 1963, The Lafayette is a 168-unit high-rise apartment community composed of one, two and three-bedroom apartment homes located in the heart of Norfolk.   IMG spent over $1.1M on a capital improvements program, which…

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Portfolio, Sold

Sold: 586 units • Atlanta MSA

American Landmark has acquired Madison at River Sound, a multifamily community in Atlanta’s suburb of Lawrenceville, Ga., from Investors Management Group Inc. Read the Full Article in Multi Housing News Date Acquired: March 2015 Purchase Price: $58,550,000 Sold: February 2018 Sale Price: $77.3M 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…

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Portfolio, Sold

Sold: 574 units • Charlotte

SOLD MARCH 2018 Multi-Housing News 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 Reserve at Providence is a 574-unit garden-style community that includes a dog park, a picnic area and three pools. Save Save Save

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Portfolio, Sold

Sold: 357 units • Tampa

Captiva Club   Acquired: 06/23/14 Purchase Price: $24,750,000 Cap Improvements: $3,208,000 Sale Date: 10/25/16 Hold Period: 2.3 yrs Sale Price: $34,256,000 Project IRR: 27.4% Project EM: 1.70x   Save Save Save Save Save

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Portfolio, Sold

Sold: 240 units • Seattle MSA

Sunset View Seattle MSA   Acquisition Date: 03/31/14 Purchase Price: $21,920,000 Capital Improv.: 1,960,000 Sale Date: 09/30/16 Hold Period: 2.5 yrs Sale Price: $33,600,000 Project IRR: 41.5% Project EM: 3.46 x Investor IRR: 34.8% Investor EM: 3.15 x

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