IMT Capital buys two apartments: Preserve at Westchase and Tuscany Bay Apartments

BUYER: IMT Capital III Tuscany Bay LLC (principals: Cory Thabit, John Tesoriero, Bryan Scher and Michael Browne), Sherman Oaks, Calif.
SELLER: ACPRE PRS Realty LLC
PROPERTY: 12065 Tuscany Bay Drive, Tampa
PRICE: $44.55 million
PREVIOUS PRICE: $44.4 million, October 2005

BUYER: IMT Capital III Preserve at Westchase LLC
PROPERTY: 12349 W. Linebaugh Ave., Tampa
PRICE: $33.73 million
PREVIOUS PRICE: $33 million, July 2005
LAW FIRM ON DEED: Arent Fox LLP, Washington, D.C.

PLANS, DESCRIPTION: Private real estate investment firm IMT Capital purchased two Tampa apartment complexes from Irving, Texas-based Archon Group for a combined $78.28 million.