Regions West | Los Angeles
IMT Capital Takes 253 Units in Westlake Village for $69M
May 6, 2008

IMT Capital L.L.C. has announced that it has purchased Townhomes of Westlake Village, a 253-unit townhouse and apartment property in Ventura County, from Wilshire Equities for $68.5 million in cash. IMT has committed an additional $3M in upgrades for the property, which is located on more than 13 acres at 603 Hampshire Road in Westlake Village. The acquisition is the latest in a series of investments by IMT Capital in the Southern California multifamily market. Dean Zander, the partner in Hendricks & Partners' Los Angeles office who brokered the deal, said that IMT offered the highest certainty of closing for the complex because of its unique ability to make the transaction without taking on new debt.

 
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