IMT Capital LLC Launches Fund with $400M

SHERMAN OAKS, CA-Real estate investment and management company IMT Capital LLC has launched IMT Capital Fund III LP with $400 million in committed equity. Investments came from university endowments, foundations, pension funds and high net-worth individuals  

The fund will target value-add and underperforming multifamily properties in major US markets, estimating a similar strong risk return to the company’s previous funds. “Opportunities in each cycle may be different, but it’s always our job to demand an adequate return for our risk,” says Michael H. Browne, IMT Capital co-founder and managing director. “That’s as true for our partners’ money as it is for ours.”