“If you focus on the fundamentals and invest for the long term, apartments are still the most compelling product type in commercial real estate. The key reason for this is simple, if trite: People always need a place to live.” – Forbes
IMG has sponsored 18 full-cycle multifamily investments since 2010 on behalf of its investor partners. Each investment included ‘value-add’ opportunity where substantial capital improvement and repositioning strategies were executed. Summarized asset and yield metrics (through April 2019):
- Total Multifamily Units: 5,193
- Total Sales Proceeds: $559M
- Total Capital Improvements: $35M
- Average Hold Period: 2.8 Years
- Project-Level IRR: 30.7%
- Project-Level Equity Multiple: 2.15x
- Investor-Level IRR: 28.3%
- Investor-Level Equity Multiple: 1.99x
- Asset Locations: Denver, Atlanta, South Florida, Seattle, Charlotte
Finding security in market turmoil means choosing a prudent and experienced partner. Investors seeking safety should always evaluate a sponsor’s track record and feel confident in their team of people and systems in place. IMG has assembled an unprecedented level of talent under one roof to make full cycle real estate management possible.
Call Dave Mikkelsen at (971) 888-4010 ext. 108 for a complimentary consultation to learn if apartment investing is right for you.
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All offers and sales of any securities will be made only to Accredited Investors through a Confidential Private Placement Memorandum and any exhibits and attachments thereto (collectively, the “PPM”). Past performance of IMG-sponsored investments may not be indicative of future results.