Luxury apartments in Santa Clarita change hands

IMT Valencia goes to an institutional investor
  • IMT Valencia recently changed hands.
  • The 208-unit property has one, two and three bedroom luxury units.
  • An unnamed institutional investor purchased the property for an undisclosed sum.

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Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. recently announced the sale of a luxe apartment community in sunny and swanky Santa Clarita. IMT Valencia, a luxury, 208-unit apartment asset in the affluent Valencia neighborhood, went to an unnamed institutional investor for an undisclosed price. The property is located at 28100 Smyth Drive in the Valencia submarket of Santa Clarita. Built in 2003, it’s footprint on a generous 12.7 acres. Luxury apartments in Santa Clarita boast all the amenities Nineteen buildings totaling 212,905 net rentable square feet comprise the complex. Indoor community amenities include a clubroom with a TV lounge and billiards area, a children’s play area, and a 24-hour fitness facility. Outdoors, residents enjoy a heated swimming pool and spa, a picnic area with gas barbecue grills, TVs and misters and individual garages. Residents choose from one-, two- and three-bedroom floor plans. The units include n...