TruAmerica Multifamily is anticipating a return to steadier transaction activity later this year, with the Los Angeles-based manager expecting to continue to see ample liquidity from the government-sponsored agencies and other lenders for its Class B-focused multifamily strategy.
The firm typically transacts on about $1.5 billion each year but saw a slowdown late in 2022 along with the rest of the market as interest rates rose more rapidly than expected, said Bob Hart, founder, chief executive and president of TruAmerica.
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