IMT Residential Acquires 344-Unit Apartment Complex in San Diego for $145.5MM

IMT Residential, San Diego, Kidder Mathews, IMT Mission Valley

(EDITOR’S NOTE: The property was sold to IMT Residential by Sares-Regis in July for $145.5 million, or approximately $422,965 per unit. However, details about the transaction were recently revealed in a third quarter San Diego multifamily market report by Kidder Mathews.)

SHERMAN OAKS, CA. — IMT Residential, a leading nationwide apartment operator, announced the addition of a community located in San Diego, California named IMT Mission Valley.

IMT Mission Valley is comprised of 344 one and two bedroom apartment homes. The open-concept kitchens with stainless steel appliances, ice white quartz countertops, European white gloss cabinetry and dual master suites are just some of the interior amenities. Residents can lounge around and cool off at the two pools & one spa, stay active at the fitness center, yoga studio & racquetball court, grill at the three barbecue areas and enjoy many more conveniences within the community.

“We are thrilled to expand our California portfolio in the San Diego submarket. We continue to see growth within the submarket, and we look forward to continuing to provide this region with our high-level of customer service that IMT Residential is known for,” said Joseph Elhabr, Vice President, IMT Residential.

IMT Mission Valley’s central location is just minutes away from San Diego’s prime destinations. From shopping, dining, and theaters at Fashion Valley, daytime fun at beautiful beaches or Balboa Park, to nightlife in downtown’s Gaslamp Quarter and Little Italy, the easy freeway access makes it all happen at our conveniently located pet-friendly community.

About IMT Residential
IMT Residential is a Los Angeles based privately held full-service operator of multifamily residential communities. The company currently manages over 17,500 residential units and 51 communities in eight U.S. states. Founded in 1992, IMT Residential has been recognized on the lists of Top 50 multifamily firms nationally by the National Multifamily Housing Council (NMHC) and Multifamily Executive Magazine. Additional information on IMT Residential can be obtained by going to imtResidential.com.