IMT Capital, a Los Angeles-based real estate investment firm, acquired a 191-unit apartment community in Thousand Oaks, CA, from Archstone for nearly $51.38 million or $269,000 per unit.
The garden-style multifamily complex known as Archstone Thousand Oaks Crest is comprised of 18 two-story buildings on 8 acres highlighted by a 500-year-old oak tree. The property offers up to three bedroom units ranging from 1,000 to 1,340 square feet.
Jim Fisher, Mike Smith and Craig Stevens with Lee & Associates of L.A. North/Ventura represented the seller.
For more information please see CoStar COMPS #2543721.