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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…
Continue readingWoodland 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 readingCanopy 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…
Continue readingIMG, 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…
Continue readingThe 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…
Continue readingInvestors 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….
Continue readingIMG 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…
Continue readingInvestors 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…
Continue readingInvestors 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…
Continue readingIMG 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…
Continue readingInvestors Management Group (“IMG”), Inc. recently acquired Bridges at Quail Hollow, a 90-unit townhome community in Charlotte, NC. The acquisition closed March 1, 2017. THE OPPORTUNITY: Unique opportunity to purchase a B-quality asset in an upscale neighborhood with strong upside in rents. IMG’s business plan includes a value-add component along…
Continue readingInvestors 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…
Continue readingOrion 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…
Continue readingInvestors Management Group, Inc. acquired Vistas at Plum Creek in March 2016, a 186-unit community located in a fast-growing Denver suburb. View Case Study: 186 units, Denver MSA
Continue readingSeattle 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…
Continue readingAnsley 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…
Continue reading322 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…
Continue readingThe 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…
Continue reading“Legacy Key, a 350-unit multifamily community in Sandy Springs, GA, has traded hands” – Full article on GlobeSt.com Date Acquired: October 2014 Purchase Price: $26,575,000 Sold: February 2018 Save
Continue readingAmerican 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…
Continue readingSOLD 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
Continue reading182 Units Clearwater, FL Balmoral Club SOLD: Dec 2017 – $17.3M Save
Continue readingCaptiva 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
Continue readingCity View Acquired: 07/24/15 Purchase Price: $20,000,000 Cap Improvements: $246,000 Sale Date: 07/27/16 Hold Period: 1.0 yrs Sale Price: $22,421,000 Project IRR: 28.9% Project EM: 1.20 x
Continue readingPark at Riverview Sold July 2017 Atlanta – Acquired July 2015 – $18,605,000 Save Save Save Save Save
Continue readingSunset 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
Continue readingPromenade at Berkeley Atlanta MSA Acquired: December 2013 Sold: October 2016
Continue reading880 Lakeside Acquired: May 2016 Purchase Price: $17,500,000 Sold: June 2017
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