IMT Boosts SoCal Holdings With Rental Complex Buy

Law360, New York (December 15, 2011, 4:26 PM EST) -- Real estate investor IMT Capital LLC has bought a 249-unit residential property in Southern California, adding to a number of apartment holdings it has acquired in that part of the state this year, IMT said Tuesday.

The real estate firm, working with affiliate IMT Residential, will renovate the properties in Norwalk, Calif., to make them more attractive to a real estate market they see as growing in coming years, it said in a statement. The firm did not disclose the price of the transaction and did...
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