IMT Residential: IMT buys Denver apartment community for $164M

IMT Residential, a nationwide apartment operator, purchased an apartment community in the Denver neighborhood of Lowry for $164.15 million, according to property records. The property, now called IMT Lowry, consists of 414 one-, two- and three-bedroom apartments, IMT Residential said in a news release announcing the addition at the end of August. "We are excited to add yet another community to our Colorado portfolio. The Denver submarket has continued to be a great area for IMT Residential....