{"id":1004125539,"date":"2015-08-18T07:23:51","date_gmt":"2015-08-18T15:23:51","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358321"},"modified":"2021-05-10T03:01:32","modified_gmt":"2021-05-10T11:01:32","slug":"city-of-angels-real-estate-firm-acquires-laurel-walk-apartments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/city-of-angels-real-estate-firm-acquires-laurel-walk-apartments\/","title":{"rendered":"City of Angels Real Estate Firm Acquires Laurel Walk Apartments"},"content":{"rendered":"<p><em>By Adelina Osan, Associate Editor<\/em><\/p>\n<p>The 98-unit complex Laurel Walk Apartments located in south Charlotte was sold to a Los Angeles-based multifamily real estate investor for $7.38 million, according to <a href=\"https:\/\/www.bizjournals.com\/charlotte\/blog\/real_estate\/2015\/08\/los-angeles-real-estate-firm-buy-second-south.html\" target=\"_blank\" rel=\"nofollow noopener\">BizJournals<\/a>.<\/p>\n<div id=\"attachment_358322\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Laurel-Walk-Apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-358322\" title=\"Laurel Walk Apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Laurel-Walk-Apartments.jpg\" alt=\"Laurel Walk Apartments\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Laurel Walk Apartments<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.imgre.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Investors Management Group<\/a> purchased the apartment complex located on 908 Summit Walk Dr. With this acquisition, the company owns nearly 600 units on Providence Road. The previous acquisition was a neighboring 476-unit apartment property. Lynden Square was purchased in April for $37 million.<\/p>\n<p>Laurel Walk\u2019s previous owner was an affiliate of Eller Capital Partners and it bought the property in 2012 for $6 million.<\/p>\n<p>Laurel Walk Apartments features one- and two-bedroom apartments with rent prices ranging between $650 and $925. Apartments\u2019 sizes start at 870 square feet and reach 1355. Community amenities include a pet park, swimming pool, business center, fitness center, grilling area and storage units.<\/p>\n<p>Investors Management Group specializes in value-add and opportunistic real estate investments in major metropolitan markets in need of recapitalization, repositioning, or significant renovation. Company\u2019s portfolio includes 24 properties and a total of 6,638 units in seven states. Madison At River Sound in Atlanta, Eastport in Jacksonville, Briarwood in Denver, Captiva Club in Tampa and Sunset View Apartments in Seattle are just a few of IMG\u2019s multifamily properties.<\/p>\n<p>Since its inception in 1993, IMG\u2019s multifaceted platform has encompassed ownership, investment sponsorship, financing, asset management, and advisory services to multiple investment partners including financial institutions, private equity funds, family offices, and high net worth individuals.<\/p>\n<p><em>Image courtesy of IMG<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 98-unit complex Laurel Walk Apartments located in south Charlotte was sold to a Los Angeles-based multifamily real estate investor for $7.38 million.<\/p>\n","protected":false},"author":735,"featured_media":1004506024,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004125539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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