Our mission is to be the preeminent multifamily investment platform by providing workforce America with affordable high-quality rental homes, while adhering to our core principles of integrity, discipline, and dependability.
With our institutional investment partners, TruAmerica has acquired a portfolio of multifamily communities throughout the U.S.
An oversupply of new Class A buildings in major cities can make existing multifamily buildings, which are more likely to be Class B product, more attractive from an overall return and cashflow perspective, according to Los Angeles-based TruAmerica Multifamily founder and chief executive Bob Hart. Class A rents are softening because the renters tend to be renters by choice.More
Bob Hart understands the value of giving back to his alma mater and has been generous with his time, talent and treasure. He has served WPI as a member of the Civil Environmental Engineering Advisory Board and is a current member of the Board of Trustees. Recently, Bob and his wife Cynthia made a $2 million commitment to WPI. The majority of their generous gift is unrestricted allowing WPI to direct the funds the the university's highest prioritiesMore
In another sign of Las Vegas' heated rental market, a sprawling apartment complex has sold for the highest price in Nevada history. TruAmerica Multifamily announced Monday that it acquired Allanza at the Lakes with an undisclosed partner for $152 million. The 896-unit complex, off Durango Drive is the fourth largest apartment property in Nevada.More