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Portfolio

Current Offering, Portfolio

264 Units • Atlanta Metro

Update – July 11, 2019: This offering is closed. For information, contact Dave Mikkelsen at (971) 888-4010 ext. 108. The property’s current name, Amber Mill, has been changed to Amberlake Village as part of the asset repositioning. The hold period is anticipated to be a 5-year hold. Amberlake Village marks IMG’s…

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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…

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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…

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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…

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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….

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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…

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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…

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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…

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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…

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90 units • Charlotte • Bridges at Quail Hollow

Investors 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…

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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…

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168 units • Seattle MSA • The Orion

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…

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186 units • Denver MSA • Vistas at Plum Creek

Denver MSA – Top 10 U.S. CRE Market Investors Management Group, Inc. acquired Vistas at Plum Creek in March 2016, a 186-unit community located in Castle Rock, a thriving suburban community in the Denver MSA as part of its Syndication Platform. IMG, along with its ownership group, purchased Vistas at…

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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…

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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…

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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…

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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…

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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…

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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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