(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).

LOS ANGELES-IMT Capital LLC has closed on its IMT Capital Fund II LP, an investment fund with $350 million in committed equity that plans to acquire multifamily properties in major markets throughout the US. Michael H. Browne, IMT Capital’s co-founder and managing director, tells GlobeSt.com that the fund has already acquired four properties in the Los Angeles area and expects to deploy the remainder of the capital in IMT Capital Fund II over the next three years.

IMT plans to add value through its in-house management, asset renovation and repositioning, leasing, development and capital markets expertise. In special situations, the fund may also provide equity or debt to recapitalize properties.