{"id":1004122839,"date":"2015-07-08T12:21:55","date_gmt":"2015-07-08T20:21:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354776"},"modified":"2020-05-12T00:58:00","modified_gmt":"2020-05-12T08:58:00","slug":"expanding-apartment-market-draws-investors-to-jewel-city","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/","title":{"rendered":"Expanding Apartment Market Draws Investors to Jewel City"},"content":{"rendered":"<p><em>By Adriana Pop, Associate Editor <\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-354782\" title=\"IMT Glendale Apartments at 1630 Calle Vaquero in Glendale, CA\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg\" alt=\"IMT Glendale Apartments at 1630 Calle Vaquero in Glendale, CA\" width=\"300\" height=\"241\" \/><\/a>As Glendale\u2019s multifamily market continues to shift towards larger developments, a private investor recently closed on the acquisition of IMT Glendale Apartments, a 67-unit community at 1630 Calle Vaquero. IMT Capital, LLC sold the property for approximately $20.4 million.<\/p>\n<p><a href=\"https:\/\/resources.lee-associates.com\/asp\/user\/website\/officeprofile.asp?officeid=4995\" rel=\"nofollow\" >Lee &amp; Associates-LA North\/Ventura<\/a> Managing Director <a href=\"https:\/\/resources.lee-associates.com\/asp\/user\/website\/BrokerProfile.asp?OfficeID=&amp;BrokerID=1077\" rel=\"nofollow\" >Jim Fisher<\/a> and Principal <a href=\"https:\/\/resources.lee-associates.com\/asp\/user\/website\/BrokerProfile.asp?OfficeID=&amp;BrokerID=2103\" rel=\"nofollow\" >Mike Smith<\/a> represented both the buyer and the seller in the transaction.<\/p>\n<p>\u201cThe Glendale market has historically been predominantly made up of apartment properties of 50 units or less,\u201d Fisher said. \u201cBut the recent focus on multifamily development is changing that profile, and this private buyer saw an opportunity to compete favorably in that emerging arena with this purchase.\u201d<\/p>\n<p>Glendale currently has about 3,000 apartment units in the pipeline, most of which are part of large, amenity-rich, upscale complexes. Upon completion, these developments are expected to command higher rental rates, which in turn will lead to increased average rents for all multifamily properties in the submarket.<\/p>\n<p>\u201cWe received 54 signed confidentiality agreements from a mix of institutional and private investors in response to our mailing,\u201d added Smith. \u201cBut this buyer responded almost immediately with a very strong offer. Anticipating a high level of demand, he wanted to be pre-emptive, and the strategy succeeded.\u201d<\/p>\n<p>Located in proximity to many major freeways, IMT Glendale Apartments features a mix of spacious studios, one- and two-bedroom units. Amenities include a resort-style pool and sun deck, a fire pit, fitness center and clubhouse.<\/p>\n<p>Founded more than 36 years ago, Lee &amp; Associates is the largest broker-owned firm in the country. With almost 800 brokers and 54 locations across the nation, the company provides a wide range of specialized commercial real estate services on a local, regional and national level.<\/p>\n<p><em>Photo credits: Lee &amp; Associates-LA North\/Ventura<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Glendale&rsquo;s multifamily market continues to shift towards larger developments, a private investor has recently closed on the acquisition of IMT Glendale Apartments, a 67-unit community at 1630 Calle Vaquero.<\/p>\n","protected":false},"author":260,"featured_media":1004505771,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1594,21742],"tags":[],"class_list":["post-1004122839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-los-angeles","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Expanding Apartment Market Draws Investors to Jewel City - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expanding Apartment Market Draws Investors to Jewel City\" \/>\n<meta property=\"og:description\" content=\"As Glendale&rsquo;s multifamily market continues to shift towards larger developments, a private investor has recently closed on the acquisition of IMT Glendale Apartments, a 67-unit community at 1630 Calle Vaquero.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-08T20:21:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T08:58:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Expanding Apartment Market Draws Investors to Jewel City\",\"datePublished\":\"2015-07-08T20:21:55+00:00\",\"dateModified\":\"2020-05-12T08:58:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg\",\"articleSection\":[\"Los Angeles\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/\",\"name\":\"Expanding Apartment Market Draws Investors to Jewel City - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg\",\"datePublished\":\"2015-07-08T20:21:55+00:00\",\"dateModified\":\"2020-05-12T08:58:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/expanding-apartment-market-draws-investors-to-jewel-city\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Expanding Apartment Market Draws Investors to Jewel City\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\\\/\\\/www.linkedin.com\\\/in\\\/ioana-adriana-pop-811772108\\\/.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adriana-pop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Expanding Apartment Market Draws Investors to Jewel City - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/","og_locale":"en_US","og_type":"article","og_title":"Expanding Apartment Market Draws Investors to Jewel City","og_description":"As Glendale&rsquo;s multifamily market continues to shift towards larger developments, a private investor has recently closed on the acquisition of IMT Glendale Apartments, a 67-unit community at 1630 Calle Vaquero.","og_url":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-07-08T20:21:55+00:00","article_modified_time":"2020-05-12T08:58:00+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/"},"author":{"name":"Adriana Pop","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"headline":"Expanding Apartment Market Draws Investors to Jewel City","datePublished":"2015-07-08T20:21:55+00:00","dateModified":"2020-05-12T08:58:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/"},"wordCount":297,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg","articleSection":["Los Angeles","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/","url":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/","name":"Expanding Apartment Market Draws Investors to Jewel City - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg","datePublished":"2015-07-08T20:21:55+00:00","dateModified":"2020-05-12T08:58:00+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/expanding-apartment-market-draws-investors-to-jewel-city\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Expanding Apartment Market Draws Investors to Jewel City"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/IMT-Glendale-Apartments-at-1630-Calle-Vaquero-in-Glendale-CA.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004122839"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122839\/revisions"}],"predecessor-version":[{"id":1004436160,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122839\/revisions\/1004436160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004505771"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004122839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004122839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004122839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}