Our Portfolio

IMG acquired Valley Vista Apartments in October 2016 as a value-add opportunity. The investment strategy focused on driving upside through upgrades to units and community amenities, as well as making operating improvements. Over a hold period of almost 10 years, the property delivered an 11.3% IRR, 1.8x equity multiple, and 8.3% average annual cash-on-cash return, with 39% value appreciation.

Located in South Tacoma adjacent to the Tacoma Mall, Valley Vista offers convenient access to I-5 and Highway 512. Residents benefit from proximity to major area employers including Joint Base Lewis-McChord, Virginia Mason Franciscan Health System, MultiCare Health System, and the Port of Tacoma.

IMG directed $2.5 million in capital expenditures during the hold. Notable improvements include a new exercise and community room, updated community deck, refreshed leasing office, new signage, conversion of the playground to a dog park, and ongoing site improvements. These upgrades enhanced the resident experience and strengthened the property’s competitive positioning in the submarket.

Valley Vista was sold in March 2026 for $15.85 million. Notably, a 2019 refinance returned 51% of original investor equity within three years of the acquisition. Since 2015, IMG has transacted over $170 million in the Seattle metro, achieving an average return of 23% IRR on sold properties.