SHERMAN OAKS, CA-IMT Capital LLC announced plans to build three multifamily complexes in the San Fernando Valley area of Los Angeles. According to the locally based developer and apartment owner, the new projects, together with IMT’s existing holdings in the city, make IMT one of the largest multifamily developers in the city.
The San Fernando Valley, an area of 1.5 million people that comprises the northern part of the city of Los Angeles, has been a major focus for the company, according to CEO David Tedesco.
“We have our roots here, and our corporate office is here,” he says of the Valley. “We’ve been developing in the Valley for a number of years. We believe in it.”
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