LOS ANGELES, June 9, 2016 – 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, announced CEO Robert E. Hart.
“The tremendous growth we’ve experienced in our first three years is testimony to the viability of our investment philosophy, the quality of our people and the strength of our relationships,” said Hart. “We have grown faster than we ever expected, reaching and surpassing in half the time, many of the goals we had set for ourselves. This new structure will allow us to better manage our growth as we pursue new and exciting opportunities moving forward.”
Since its inception in 2013, TruAmerica has been one of the most active multifamily investors in the United States and has acquired a portfolio of approximately 18,000 units with an aggregate value of $3.5 billion in just 3 years.
Based in the firm’s Los Angeles headquarters, Hochman will be responsible for TruAmerica’s corporate equity and debt strategies. This includes managing and growing TruAmerica’s domestic and off-shore institutional investor base as well overseeing all joint venture and separate account transactions. Previously, Hochman led TruAmerica’s investment efforts in the Pacific Northwest and Colorado, in addition to sourcing equity capital and investor relations.
Senior Managing Director Greg Campbell, who previously oversaw the firm’s investment efforts in California, Arizona, Utah and Nevada, now will be responsible for executing TruAmerica’s investment platform on a national basis as the company expands from its West Coast focus. Under Campbell’s guidance, TruAmerica in partnership with MSD Capital, L.P., recently made it first investment on the East Coast with the acquisition of a three-asset portfolio in suburban Baltimore. Campbell will manage a team of acquisition officers and analysts located in Los Angeles and Orange County, as well as a future office in New York City.
TruAmerica also has promoted Tammi Warner to Director, Transactions & Underwriting, and Christopher Wei and Zachary Rivas to Associate Directors, Acquisitions. Warner oversees the entire deal transaction process including all of the legal documentation. Wei will now be responsible for the firm’s future investments in Washington and Oregon while Rivas will be covering Nevada and Colorado.
“The organizational changes reflect the trust and confidence we have in Noah and Greg as leaders of our firm and the efforts and professional growth of Tammi, Chris and Zach,” added Hart.
Both Hochman and Campbell will continue to serve on TruAmerica’s Investment Committee.
About TruAmerica Multifamily
TruAmerica Multifamily is a vertically integrated value-add multifamily investment firm based in Los Angeles. Founded in July 2013 as a joint venture between Robert Hart and The Guardian Life Insurance Company of America, TruAmerica has been one of the country’s most active multifamily investors and manages a $5.8 billion portfolio of approximately 28,000 units across prime locations throughout Northern and Southern California, Washington, Oregon, Colorado, Arizona, Nevada, Utah and Maryland. For more information on TruAmerica Multifamily, visit www.truamerica.com or call (424) 325-2750.