News

Los Angeles Times

03/23/2017

Every day is bring your dog to work day at more and more L.A. offices

Office landlords are following a path blazed by apartment owners, said Lynn Owen, chief operating officer at TruAmerica, a Los Angeles company that owns 32,000 apartments.

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CoStar

02/24/2017

Bahrain’s Investcorp Continues to Bank on US Multifamily

The New York-based US real estate arm of Investcorp, a Bahrain-based manager of alternative investments, has invested in three multifamily housing properties including one in California with TruAmerica Multifamily

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Multi-Housing News

01/23/2017

Western Star

TruAmerica Multifamily's CEO knows something about how to build a major enterprise quickly from a modest beginning. In less than four years, Los Angeles-based TruAmerica has established itself as one of the fastest-growing private real estate companies in the U.S. Today, TruAmerica owns outright or manages $6.7 billion in assets, representing 32,298 apartment units.

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Multifamily Executive

12/29/2016

TruAmerica Completes $675 Million in Transactions Q4

TruAmerica Multifamily has sold four apartment communities located in the Seattle and San Francisco Bay Area markets for $275 million, capping an active fourth quarter in which the Los Angeles-based investment firm closed on transactions totaling $675 million.

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Baltimore Sun

11/14/2016

Ares, TruAmerica acquire MD apartment portfolio for $236 million

A set of rental communities in the Baltimore area has sold to California investors for $236 million, the buyers said Monday. Funds managed by Ares Management and its investment partner TruAmerica Multifamily purchased the 1,402-unit portfolio, deepening the firms' holdings on the East Coast.

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Globe St.

11/07/2016

Bob Hart: The West Coast is Our Home

It won’t be surprising to anyone in the commercial real estate industry that TruAmerica Multifamily has had another big year. The firm, which has been aggressively acquiring value-add workforce housing projects along in the Western US since its inception in 2014, expanded its acquisition territory to the East Coast with a new office in Washington DC.

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Property Funds World

11/07/2016

Investcorp and TruAmerica Acquire California apartment complex for USD 92m

TruAmerica Multifamily, in a joint venture with institutional capital partner Investcorp, has acquired The Highlands, a 556-unit garden-style apartment community in the Inland Empire community of Grand Terrace, California in an off-market transaction valued at USD92 million.

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Multifamily Biz

09/07/2016

TruAmerica Teams with MSD Capital to Acquire 802-Unit Las Vegas Portfolio

TruAmerica Multifamily in partnership with MSD Capital has made its largest investment in Southern Nevada with the acquisition of Las Vegas garden-style multifamily communities in an off-market transaction.

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Business Real Estate Weekly of Arizona

07/12/2016

TruAmerica Spends $80.9 Million for 644-Unit Apartment Community in Scottsdale

TruAmerica Multifamily in Los Angeles, Calif. has added to its holdings in the Valley with the $80.9 million ($125,621 per unit) acquisition of the 644-unit Scottsdale Springs apartments located at 7791 E. Osborn Road

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San Francisco Business Times

06/13/2016

Investors Snap up New Bayview Apartment Complex for $64 Million

The Bayview has seen big home price appreciation and rising rents over the past few years. The 5880 Third Street site sits length Muni T line.

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Multi-Housing News

06/10/2016

TruAmerica on the Benefits of a Value-Add Strategy

MHN spoke with founder Bob Hart about his company's unique investment strategy and what's contributed to its significant growth as it comes up on its three-year anniversary.

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San Francisco Business Times

06/10/2016

Investors snap up new Bayview apartment complex for $64 million

The Bayview has seen big home price appreciation and rising rents over the past few years. The 5880 Third Street site sits along the Muni T line.

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Arizona Commercial Real Estate

05/04/2016

TruAmerica bolsters portfolio with Tempe buy

This is the third and largest multifamily investment in the Phoenix area for TruAmerica and its fourth joint venture with Investcorp in fifteen months. Los Angeles-based TruAmerica manages a portfolio of more than 27,000 units nationwide of which 923 units are located in greater Phoenix including Trevi, a 290-unit community in Chandler, and Avenue 25, a 254-unit community in North Phoenix.

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Baltimore Sun

05/02/2016

Three Baltimore-Area Apartment Developments Sold

Three apartment developments in the Baltimore area that together boast more than 1,000 units have sold for $187 million, the California-based buyer announced on Monday.

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Las Vegas Review-Journal

03/01/2016

LA Firm Pays $51.1M for Las Vegas-area Apartment Community

TruAmerica Multifamily dropped $51.1 million to buy Montego Bay, a 420-unit, Class B rental community at 1050 Whitney Ranch Drive, the second purchase in the Las Vegas Valley for the firm.

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Bisnow

01/07/2016

Why TruAmerica Thinks LA has More Upside than The Bay

TruAmerica Multifamily and Intercontinental Real Estate Corp ended last year with a bang by purchasing the Millennium Woodland Hills, which it will rebrand The Motif, for $163M.

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Bloomberg Business

01/05/2016

Multifamily Vacancies Remain Close to Their Lowest in More Than a Decade

Some big investors have been exploiting the gap, buying and renovating Class B apartment buildings across the country. “It has the most durable cash flow. It’s the most recession-proof and it’s not as susceptible to increases in supply,” said Robert Hart, chief executive officer of TruAmerica Multifamily.

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LA Times

01/05/2016

Warner Center Apartments are Bought by an L.A. Investment Firm for $163 Million

The purchase of the Millennium Woodland Hills underscores heavy investor appetite for apartments amid a falling homeownership rate, as well as growing interest in the increasingly popular neighborhood.

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Multifamily Executive

12/21/2015

2016 Economic Outlook: Transactions

Bob Hart had run Kennedy Wilson’s multifamily shop since 2000. But when one of the Los Angeles–based owner’s big investors, New York–based Guardian Life Insurance, decided to start a real estate operating company, it gave Hart an opportunity to launch his own firm.

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Denver Business Journal

12/17/2015

California Company Buys Denver Apartment Complex for $105 Million

TruAmerica Multifamily acquired the 362-unit Veranda Highpointe Apartments at 6343 E. Girard Place in Denver for $105 million, just weeks after selling off another of its holdings in Denver.

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Globe St.

12/15/2015

Why TruAmerica Continues Pacific NW Target

In an update to a previous article, the firm’s senior managing director of acquisitions tells GlobeSt.com that Seattle and Portland demonstrate some of the best economic fundamentals in the country. (Paywall)

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Portland Business Journal

12/11/2015

True to Its Word, California Investment Firm Continues Its Portland Apartment Buying Binge

TruAmerica Multifamily's CEO Robert Hart said that he hoped that the acquisition of The Haven at Charbonneau would be just the first of many more Portland-area deals for the California real estate investment firm.

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Globe St.

12/07/2015

Leaders Convene to Battle Vet Homelessness

MWest’s Karl Slovin and TruAmerica’s Bob Hart ask landlords to donate units for the 5,000 homeless veterans on the streets in Los Angeles. (Paywall)

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Multifamily Executive

12/02/2015

Pop Quiz: Bob Hart on Buying and Renovating Class B Apartments

"We're not building Taj Mahals," CEO of TruAmerica Bob Hart says. "We're trying to offer a better-quality product to people who are blue or gray collar."

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Bisnow

11/09/2015

How TruAmerica Became a Top 10 Multifamily Player in Just Two Years

TruAmerica Multifamily has been growing without pause, acquiring 42 multifamily assets totaling $1.5B in the past 12 months.

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Globe St.

10/30/2015

TruAmerica Hits $2B Milestone

TruAmerica’s Bob Hart sits down for an exclusive video interview after announcing that the company has achieved $2 billion in investments two years. (Paywall)

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Commercial Real Estate Direct

10/15/2015

TruAmerica Venture Pays $47.5Mln for Chandler, Ariz., Apartments

TruAmerica plans to invest another $3 million upgrading the property, at 635 South Ellis St., which was built in 2005. It is 97 percent occupied.

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Salt Lake Tribune

09/25/2015

L.A. Firm Scoops Up Taylorsville Apartment Complex

Los Angeles-based TruAmerica Multifamily has purchased Madison Settler's Point, a 416-unit apartment property at 4770 S. 1565 West, along with six other complexes in suburban neighborhoods near Portland and Seattle.

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USA Today

09/17/2015

Housing Starts Slump 3% in August; Weekly Jobless Claims Fall

The rental demand is coming in part because the United States will add the equivalent of Illinois’ population to the housing market in the next five years, said Robert Hart, chief executive of TruAmerica.

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Real Estate Forum

09/01/2015

The TruAmerica Story: Smooth Sailing

While the firm has only been existence for a little more than two years, its roots go back more than a century and a half.

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The Registry

08/08/2015

TruAmerica and Intercontinental Acquire Largest Apartment Community in Santa Rosa for $59 Million

TruAmerica Multifamily and Intercontinental Real Estate closed on its largest acquisition in the San Francisco Bay Area with the purchase of Maribelle Apartment Homes, a 287-unit building for $59 million.

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Commercial Real Estate Direct

07/24/2015

TruAmerica Venture Buys 5 Northwest Apartments for $115Mln

A venture led by TruAmerica Multifamily has paid a total of $115 million for a portfolio of five apartment properties in the Portland, Ore., and Seattle suburbs.

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Seattle Daily Journal of Commerce

07/24/2015

TruAmerica Buys 5 NW Complexes

TruAmerica Multifamily of Los Angeles said it has purchased a portfolio of five Seattle and Portland-area suburban apartment complexes for $115 million.

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Las Vegas Business Press

07/13/2015

TruAmerica Multifamily Turns Toward Acquisitions

TruAmerica Multifamily is looking for its next move in Las Vegas’ multifamily sector as their aggressive investments creating a ripple in the local market.

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Globe St.

06/29/2015

Surprising Amenities Attracting Renters

In part two of this exclusive Q&A with TruAmerica, we learn about a few key amenities that provide the biggest bang for the buck, and find out why interior renovations are all about details.

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Real Estate Finance and Investment

06/22/2015

TruAmerica Grows Workforce Housing Portfolio

TruAmerica sees an extreme supply-demand imbalance in this segment of the Portland submarket, which presents acquisition opportunities.

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CoStar

06/10/2015

TruAmerica’s Affordable Housing Strategy: Buy Where Market Can’t Afford To Build New

TruAmerica Multifamily started 2015 with its largest acquisition yet, the $482 million purchase of 14 second-tier Southern California apartment properties from Newport beach, CA-based JH Real Estate Partners.

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Institutional Real Estate, INC.

05/01/2015

Workforce Housing: A Value-Add Multifamily Strategy Can Deliver Durable Cash Flow

The multifamily sector led the recovery in commercial real estate over the past several years, as occupancy remained buoyant and U.S. housing markets began a secular shift toward renting that is still under way.

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Investment & Pensions Europe – Real Estate

05/01/2015

Investor Universe – US: Playing Under Caution

In the largest multifamily asset purchase in Southern California in nearly two decades, TruAmerica and international institutional investors in January invested $482m in an off-market acquisition of a 14-property portfolio of value-added, class-B multifamily units that will be upgraded into affordable, higher-quality workforce housing.

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PrivcapRE

04/20/2015

Why TruAmerica Wants Patient Capital Backing

Fresh on the heels of spending $482M on a 14-property portfolio of U.S. workforce housing, TruAmerica Multifamily CEO Bob Hart has declared that he prefers the backing of patient capital in today's market. (Paywall)

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MSN

03/17/2015

Apartment Investors Shift to U.S. Suburbs After Crowding Cities

Real estate investor Robert Hart pulled into the lot of a 400-unit apartment community in a San Diego suburb last month, prepared to pay up for the recently completed project on a quiet residential street.

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The Wall Street Journal

01/27/2015

TruAmerica Makes Bet on Upgrading Southern California Apartments

Last week, TruAmerica closed on its biggest deal yet: the $482 million acquisition of 14 apartment buildings scattered across Southern California. (Paywall)

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Globe St.

01/26/2015

TruAmerica Plays in Class-B Market

TruAmerica’s Mark Enfield talks in depth about the company’s recent $481 million multifamily portfolio purchase, which is located in markets throughout Southern California. The portfolio would have taken years to assemble had the properties been purchased individually, and each of the 14 properties fit perfectly with the company's investment strategy. (Paywall)

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LA Times

01/22/2015

Los Angeles Firm Buys 14 Apartment Complexes for $482 Million

With the region’s apartment market thriving, a Los Angeles investment firm has acquired a 14- property portfolio for $482 million in one of the largest multifamily asset purchases in Southern California in two decades.

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Bloomberg Business

01/21/2015

TruAmerica Buys $482 Million of Apartments in Tender-Love Plan

TruAmerica Multifamily joined investors including Guardian Life Insurance Co. of America and Allstate Corp. in buying a portfolio of California apartments for $482 million to take advantage of rising rents in the state.

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San Diego Union-Tribune

01/13/2015

Low Vacancy Means Rising Rents in SD

San Diego County renters can expect increases approaching 4 percent this year as vacancies continue to fall, new apartment investment company predicts. Greg Campbell, senior managing director of acquisitions Los Angeles-based TruAmerica Multifamily, said the trends reflect San Diego's inability to keep up with demand.

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San Diego Business Journal

01/08/2015

Joint Venture Buys Vista Apartment Property for $86.2M

Los Angeles-based TruAmerica Multifamily and joint venture partner Investcorp of New York announced their purchase of the 456-unit Waterleaf Apartments in Vista for $86.2 million from RedHill Realty Investors LP of San Diego and Boston-based AEW Capital Management.

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Bisnow

07/30/2014

Behind California’s Largest Multifamily Deal (This Year)

A partnership of Capri Capital Partners and TruAmerica Multifamily bought 2014's largest multifamily/mixed-use deal in California from a partnership of JH Snyder and Washington Capital Management.

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LA Times

07/25/2014

Koreatown Luxury High-Rise is Sold for $283M

The sale is a sign of Koreatown's rising status with young Angelenos and the desirability of housing near major transit lines. The complex, dubbed the Vermont, is at the intersection of Wilshire Boulevard and Vermont Avenue next to a subway station.

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Globe St.

07/25/2014

The Vermont Trades Hands for $283M

Capri Capital Partners and TruAmerica Multifamily partner to buy the 464-unit luxury Koreatown high rise from J.H. Snyder in the state’s largest multifamily mixed-use transaction of the year. (Paywall)

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Phoenix Business Journal

07/17/2014

TruAmerica Enters Arizona Market with $35M Purchase of Phoenix Apartments

Avenue 25 Apartments, located just south of the intersection of Interstate 17 and Loop 101, is TruAmerica’s first purchase in the Arizona market. It was a pre-sale deal for $35.4 million. The off-market transaction was completed with pre-stabilization debt financing provided by Capital One Commercial Bank.

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Denver Post

07/14/2014

TruAmerica Targets Denver in $229 Million Apartment Deal

TruAmerica, in a partnership with Allstate Life Insurance Co., recently bought the 710-unit Berkshires at Lowry complex in southeast Denver and the 404-unit Ponderosa Villas.

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Globe St.

07/03/2014

Fairfield Multifamily Changes Hands

TruAmerica Multifamily, and the Guardian Life Insurance Company of America, continues its targeted Bay Area expansion with the $26 million acquisition of Summit at Paradise Valley, a 180-unit apartment complex in Fairfield.

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Globe St.

06/27/2014

TruAmerica Multifamily Partners with Allstate

The partnership launches a new investment platform and acquires a 1,500 unit multifamily portfolio from Berkshire Property Advisors for $229 million. (Paywall)

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The Wall Street Journal

06/25/2014

Apartment Market Rolls On

TruAmerica and its partners will spend between $25 million and $30 million renovating the apartment buildings, which were built in the 1970s and '80s. Mr. Hart said he hopes to see a 20% to 25% rise in rents over the next five years.

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Globe St.

04/03/2014

TruAmerica Nears $1B Portfolio Goal

The real estate investment firm completes two acquisitions in Seattle and Denver totaling $82 million, bringing the firm’s portfolio to $293 million and closer to its 2015 goal of $1 billion. (Paywall)

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Globe St.

10/31/2013

TruAmerica Lands Class-A San Diego Multifamily

The acquisition of the 221-unit Piazza D’Oro townhome complex represents the first acquisition for TruAmerica, recently launched by industry veteran Robert E. Hart and Guardian Life Insurance. (Paywall)

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Los Angeles Business Journal

07/15/2013

Starting Anew

TruAmerica aims to invest $300 million to acquire, rehabilitate and manage Class A and B multifamily properties along the West Coast with the goal of a total portfolio worth $1 billion. It is targeting properties that require some upgrading, which will allow the company to add value to its purchases.

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Press Releases

12/19/2016

TruAmerica Completes $675 Million of Multifamily Transactions in Fourth Quarter 2016

Los Angeles, CA (December 19, 2016) -- TruAmerica Multifamily has sold four apartment communities located in the Seattle and San Francisco Bay Area markets for $275 million, capping an active fourth quarter in which the Los Angeles-based investment firm closed on transactions totaling $675 million.

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11/14/2016

Ares Management Funds and TruAmerica Multifamily Acquires $236 Million Baltimore Apartment Portfolio

Los Angeles (November 14, 2016) —Funds managed by Ares Management (NYSE: ARES) and investment partner TruAmerica Multifamily announced today the acquisition of a 1,402-unit multifamily portfolio in suburban Baltimore, MD. for $236 million.


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11/07/2016

Investcorp Teams with TruAmerica to Acquire Inland Empire, CA Apartment Complex for $92 Million

This is Investcorp’s fifth and largest investment with TruAmerica over the past 24 months. Together, Investcorp and TruAmerica now own and operate more than 2,400 units in California, Arizona, Colorado and Nevada.

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09/08/2016

TruAmerica Formally Plants Flag on the East Coast with Office in Washington, DC Metro

TruAmerica Multifamily, which in June made its first investment east of the Rocky Mountains with the $187 million acquisition of a 1,004-unit apartment portfolio in Baltimore and Annapolis, MD, has taken the next step in its national expansion by opening an East Coast office here under the direction of Matthew R. Ferrari.

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09/07/2016

TruAmerica Partners with MSD Capital to Acquire Three-Property Las Vegas Apartment Portfolio

TruAmerica Multifamily, in partnership with MSD Capital, L.P., has made its largest investment in Southern Nevada with the acquisition of three Las Vegas garden-style multifamily communities in an off-market transaction. Since entering the market in May of 2015, TruAmerica has invested approximately $200 million in building a Las Vegas multifamily portfolio that now totals 1,746 units.

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07/06/2016

TruAmerica Makes Largest Investment in Phoenix with $80.9 Million Scottsdale Buy

Located at 7791 East Osborn Road, Scottsdale Springs is the third acquisition in Arizona in the past nine months for TruAmerica, whose portfolio in the Grand Canyon State now totals 1,567 multifamily units in Phoenix and Chandler.

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06/10/2016

TruAmerica Partners with MSD Capital on San Francisco Apartment Buy

TruAmerica in partnership with MSD Capital L.P. bolsters its 1,000-unit portfolio in the San Francisco Bay area with the acquisition of a newly built Class A community in the city's Bayview District

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06/09/2016

TruAmerica Announces Promotions as Part of New Corporate Restructure

TruAmerica Multifamily has announced that Senior Managing Director Noah E. Hochman has been named to lead the firm’s newly created capital markets group, and Senior Managing Director Greg Campbell will head the firm’s national acquisition team. The moves are part of a new corporate restructure designed to support TruAmerica’s continued growth and national expansion of its value-add investment platform

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05/04/2016

TruAmerica Acquires 379-Unit Apartment Complex in Phoenix Submarket of Tempe

TruAmerica and institutional capital partner Investcorp acquire Little Cottonwoods, a 379-unit community in Tempe, AZ for $56.7 million in one of the largest apartment transactions of the year

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05/03/2016

TruAmerica Partners With MSD Capital on First East Coast Investment

TruAmerica Multifamily, in partnership with MSD Capital, L.P., has expanded its geographical footprint to the East Coast with the acquisition of a 1,004-unit apartment portfolio in suburban Baltimore, MD, in an off-market transaction valued at $187 million.

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04/13/2016

TruAmerica Multifamily Acquires New Community in Laguna Niguel, CA for $44 Million

The acquisition of Career Lofts at roughly $309,000 per unit is very compelling on a price per pound basis. Moreover, the purchase of this well-appointed, class A asset represents a truly unique opportunity given the high-income, underserved submarket of South Orange County

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03/01/2016

TruAmerica Acquires Las Vegas Apartment Community for $51.1 Million

TruAmerica Multifamily in partnership with an institutional investor has acquired Montego Bay, a 420-unit Class B apartment community in the Las Vegas submarket of Henderson, NV in a transaction valued at $51.1 million.

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01/05/2016

TruAmerica Multifamily Acquires Class A San Fernando Valley Apartments for $163 MM

TruAmerica Multifamily, in partnership with Intercontinental, has acquired The Millennium in Woodland Hills, a recently constructed 395-unit luxury apartment community in the Warner Center district of Los Angeles.

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12/10/2015

TruAmerica Multifamily Acquires Five-Property Off-Market Portfolio in Seattle and Portland for $104.75M

TruAmerica Multifamily, in partnership investors including Allstate and The Guardian Life Insurance Company of America, completed a $104.75 million purchase of a five-property off-market multifamily portfolio in submarkets of Seattle, WA and Portland, OR.

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12/01/2015

TruAmerica Multifamifly Sells Its First Investment in Denver for $74 Million

TruAmerica Multifamily has sold 3300 Tamarac, a 564-unit apartment community in Denver, CO to Tarzana, CA-based Gelt, Inc. for $74 million.

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10/29/2015

TruAmerica Multifamily Acquires Two Salt Lake City Apartment Communities for $102 Million

TruAmerica Multifamily, in partnership with The Guardian Life Insurance Company of America (Guardian), completed the purchase of two apartment properties in Salt Lake City, UT for $102 million.

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10/15/2015

TruAmerica Acquires 290-Unit Apartment Complex in Chandler, AZ for $47.5 Million

TruAmerica Multifamily in partnership with an institutional investor, has completed the purchase of Trevi, a 290-unit community in Chandler, AZ, in an off-market transaction valued at $47.5 million. The acquisition represents TruAmerica’s second in the greater Phoenix area.

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09/29/2015

TruAmerica Multifamily Acquires Seven-Property Portfolio for $255 MM

TruAmerica Multifamily completed the purchase of a seven-property multifamily portfolio with assets located in Seattle, WA, Portland, OR and Salt Lake City, UT, for a total of $255 million.

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09/23/2015

TruAmerica and Investcorp Acquire 561-Unit Apartment Community in Denver for $71 Million

TruAmerica Multifamily and institutional capital partner Investcorp have acquired a 561-unit apartment home community in Denver’s Cherry Creek submarket for $71 million.

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09/15/2015

TruAmerica Multifamily Adds to Pacific Northwest Portfolio with Acquisition of Apartment Communities in Suburban Seattle and Portland

TruAmerica Multifamily continues to grow its Pacific Northwest portfolio with the acquisition of two apartment communities in Seattle, WA and Portland OR in an off-market transaction valued at $48.75 million.

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08/05/2015

TruAmerica and Intercontinental Acquire Largest Apartment Community in Santa Rosa for $59 Million

TruAmerica Multifamily in partnership with Intercontinental Real Estate has closed on its largest acquisition in the San Francisco Bay Area with the purchase of Maribelle Apartment Homes.

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07/22/2015

TruAmerica Completes $115 Million Portfolio Purchase From FPA Multifamily with Acquisition of Apartment Communities in Seattle and Portland Metros

TruAmerica Multifamily and institutional partners DVO Real Estate and RCG Longview have completed a five-property value-add portfolio acquisition from FPA Multifamily.

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06/10/2015

TruAmerica Multifamily Enters Las Vegas Apartment Market with Acquisition of 524-Unit Flamingo Road Community

TruAmerica Multifamily and institutional capital partner Investcorp have acquired Solis at Flamingo, a 524-unit urban infill apartment community in an off-market transaction valued at $50.5 million.

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05/26/2015

TruAmerica Multifamily Enters Utah Market with Acquisition of 315-Unit Class A Apartment Community in Salt Lake City

TruAmerica Multifamily, in partnership with an institutional investor, has acquired Crossing at Daybreak, a 315-unit Class A apartment home community in South Jordan, UT.

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01/22/2015

TruAmerica Acquires Large Southern California Multifamily Portfolio for $482 Million

One of the largest multifamily transactions in Southern California history advances firm’s mission to provide affordable, quality workforce housing in key Western US markets.

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01/08/2015

TruAmerica Multifamily and Investcorp Acquire 456-Unit Waterleaf Apartments in San Diego County for $86.2 Million

With the acquisition of Waterleaf, TruAmerica has been involved in two of the largest multifamily transactions recorded in supply-constrained San Diego County in the past 18 months. TruAmerica also advised on the $81 million October 2013 acquisition of Plaza D’Oro, a 221-unit Class A apartment community in Oceanside.

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08/28/2014

TruAmerica Multifamily Continues to Expand San Francisco Bay Area Portfolio

TruAmerica Multifamily today announced the acquisition of Summit at Hilltop, a 240-unit apartment complex in Richmond, CA for $38.8 million, representing the fourth Bay Area acquisition to TruAmerica’s growing multi-state portfolio.

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07/25/2014

Capri Capital Partners and TruAmerica Multifamily Acquire 464-Unit Vermont

In the largest multifamily, mixed‐use transaction in California this year, a partnership of Capri Capital Partners and TruAmerica has acquired the newly‐built Vermont, a 464‐unit high‐rise apartment complex in the Koreatown area of Los Angeles, for $283 million.

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07/17/2014

TruAmerica Multifamily and Berkshire Group Acquire a 254-Unit Class A Phoenix Apartment Community for $35.4M

Avenue 25 is TruAmerica’s first Arizona purchase and the investment firm’s twelfth acquisition in its inaugural year, which includes new acquisitions valued at over $612 million across Arizona, California, Colorado and Washington.

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07/01/2014

TruAmerica Multifamily Expands Northern California Footprint

Continues its targeted Bay Area expansion, TruAmerica acquires Summit at Paradise Valley, a 180-unit apartment complex in Fairfield, Calif. for $26 million, in partnership with Intercontinental Real Estate Corporation.

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06/25/2014

TruAmerica Multifamily, Guardian and Allstate Life Insurance Company Partner on 1,500 Unit Portfolio Acquisition

The three-property, multi-state apartment portfolio is the first acquisition between the three companies and signifies a new investment platform by the Los Angeles-based real estate investment firm and the insurance giants.

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04/23/2014

TruAmerica Multifamily Expands Metro-Seattle Footprint with $28.7M Acquisition

The purchase of Montclair Heights marks TruAmerica’s third deal in Washington, with previous acquisitions including Arcadia Luxury Townhomes in Federal Way for $54 million (December 2013) and Westhaven Apartments in Seattle for $27 million (March 2014).

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04/14/2014

TruAmerica Multifamily Continues Growth with Key Staff Additions

Four key staff additions to its asset management and acquisitions teams, strengthen the senior leadership of its Los Angeles and Newport Beach offices.

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04/01/2014

TruAmerica Multifamily Continues Expansion with First Metro-Denver Acquisition

The purchase of the metro-Denver property represents the second addition this month to TruAmerica’s nearly 10,000-unit management portfolio and is the first Colorado acquisition for the multi-state real estate investment firm.

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04/01/2014

TruAmerica Multifamily Reports Strong Start

The company has shown tremendous growth in its first nine months, purchasing six multifamily properties in prime locations throughout Northern and Southern California, Denver and Seattle, bringing its multi-state management portfolio to nearly 10,000 units.

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