Real estate investment industry veteran Robert E. Hart is the founder, chief executive, and president of TruAmerica Multifamily, which has rapidly become one the nation’s largest, most-active and premier investors in apartment communities, with $7.1 billion of assets under management totaling approximately 34,000 units.
Hart chairs TruAmerica Multifamily’s Investment Committee to skillfully select value-add assets for acquisition, repositioning, and eventual disposition to deliver outstanding risk-adjusted returns for the company and its institutional partners. His three decades of real estate experience includes key executive positions at various national and global real estate investment platforms, where he has overseen the successful acquisition and disposition of more than $12 billion in property assets.
Prior to founding TruAmerica Multifamily, Hart earned industry accolades as the transformational chief executive from 2000 to 2013 of Kennedy Wilson Multifamily Management Group, a part of the NYSE-listed Kennedy Wilson global real-estate concern. Hart envisioned and launched Kennedy Wilson’s value-add apartment portfolio strategy that profitably acquired and disposed of more than 20,000 units in 13 years, with a total transaction value of more than $4.5 billion. Hart also was a member of the Kennedy Wilson senior management team serving as an executive officer from 2010 through 2012. Kennedy Wilson went public in 2009 with a market cap of $400 million, and in 2016 reached a valuation of $2.4 billion, a major component of which is its holdings of multifamily residences.
Prior to his tenure at Kennedy Wilson, Hart was senior vice president of portfolio management for global real estate investment management firm, Heitman Capital Management. At Heitman, he engineered the turn-around and disposition of a $500 million property portfolio on behalf of pension funds, endowments and domestic and foreign lenders. Previously, he served as Director of Real Estate Marketing for Executive Life Insurance Company, where he was responsible for the orderly liquidation of more than $1 billion in real estate assets and securities.
Hart is a sought-after interview by leading publications, and has been featured in The Wall Street Journal, Bloomberg, The Los Angeles Times and innumerable industry and trade media outlets for his insights into the real estate markets.
Hart holds a Bachelor of Science degree in civil engineering from Worcester Polytechnic Institute in Worcester, Massachusetts and continues to serve his alma mater as a member of the Board of Trustees. He earned a Master of Business Administration degree from the Anderson School of Management at the University of California, Los Angeles.
Bob plays an active role in a variety of industry organizations as board member of the National Multifamily Housing Council and the UCLA Ziman Center for Real Estate. He is a member of the Urban Land Institute and the Association of Foreign Investors in Real Estate. He also is an active voice in his community, committing his time and resources to a wide variety of charitable and academic organizations including City of Hope, his Alma Mater Worcester Polytechnic Institute, UCLA Anderson School, and the Marlborough School Board of Trustees. For nearly 15 years, half as Chairman, Bob has been a member of the board of directors of Chrysalis, a non-profit dedicated to creating a pathway for homeless and low-income individuals to find and retain employment in Los Angeles. He also is a former board member of the Discovery Science Foundation, a non-profit organization impacting the lives of children through hands-on science education. Recognizing his professional and philanthropic contributions, he was the 2017 recipient of the City of Hope’s Spirit of Life Award as well as receiving the Humanitarian Leadership Award in June 2009 by the Alumni Association of Worcester Polytechnic Institute.
Ms. Lynn Owen is the Chief Operations Officer of TruAmerica Multifamily and brings over 30 years of multifamily and commercial property management experience to her role. Ms. Owen is responsible for overseeing all asset and construction management and portfolio operations functions and is a member of the firm’s Investment Committee. Ms. Owen has expertise in managing multifamily and commercial properties of varying investment criteria and business objectives.
Prior to joining TruAmerica Multifamily, Ms. Owen was Senior Director of Real Estate at Greystar. Before joining Greystar, Ms. Owen was a Principal/Owner and the Director of Business Development and Marketing at Glacier Real Estate Services, where she had an integral role in selling to Greystar in 2010. Prior to Glacier, Ms. Owen held senior positions at Etico Property Management Company, Allied Group, Lexford NW, New Ventures and C.G. Rein Company.
Ms. Owen attended The University of Minnesota, majoring in Business Administration with a focus in Marketing. She holds a real estate broker license in Washington State and has served on the Board of Directors for the Washington Multi-Family Housing Association. Ms. Owen is a frequent speaker at regional and national industry-related events and was named one of Real Estate Forum’s California Women of Influence in 2015, and Southern California’s Most Powerful Women in Commercial Real Estate for 2017.
Ms. Owen is dedicated to fundraising for charities that support children’s health and well-being, non-profit organizations that teach job skills to homeless individuals, and organizations that assist victims of domestic abuse.
Mr. Mark Enfield is the Chief Administrative Officer of TruAmerica Multifamily and brings 18 years of experience in real estate finance, investment, asset management, investor reporting and portfolio management. Mr. Enfield is responsible for overseeing corporate strategy, governance and compliance, portfolio management, public relations and risk management. Mr. Enfield is also a member of the firm’s Investment Committee.
Previously, Mr. Enfield was the President of Keystone Real Estate Project Management. Prior to joining Keystone, Mr. Enfield was the Senior Vice President of Finance & Operations at CityView and held positions at Saybrook Capital, Western Pacific Housing, and Price Waterhouse LLP.
Mr. Enfield holds a Bachelor of Science in Accounting from Franklin & Marshall College in Lancaster, Pennsylvania and is a Certified Public Accountant (inactive) in the state of Maryland.
Mrs. Karen Millan is Chief Financial Officer for TruAmerica Multifamily, and brings over 16 years of experience in the multifamily industry. Mrs. Millan is responsible for the company’s accounting department, tax and treasury functions, mortgage servicing, and financial reporting.
Prior to joining TruAmerica Multifamily, Mrs. Millan was Chief Financial Officer and Chief Administrative Officer at JB Partners Group, Inc. from 2008—June 2013, where she was responsible for all accounting, cash management, information systems, risk management, legal services, financial reporting, human resources and office administration. Prior to joining JB Partners, Mrs. Millan served as the Controller at Stratus Real Estate, which later merged with Riverstone Residential Group, and as Controller for a privately held commercial investment and property management firm.
Mrs. Millan holds a Bachelor of Science in Accounting from Cal Lutheran University.
Mr. Noah Hochman is the Senior Managing Director of Capital Markets for TruAmerica Multifamily and brings 18 years of real estate investment and private equity experience to his role. Mr. Hochman is responsible for sourcing equity capital, investor relations and debt strategy across the portfolio and oversees joint venture structuring and partnerships. Mr. Hochman is also a member of the firm’s Investment Committee.
Prior to joining TruAmerica Multifamily, Mr. Hochman served as Vice President of Acquisitions and Dispositions at Triumph Management Company. Prior to joining Triumph, Mr. Hochman served as Vice President of Acquisitions for Granite Peak Partners.
Mr. Hochman holds a Bachelor of Arts in Economics from UCLA and is a graduate of the Anderson Graduate School of Management Mergers & Acquisitions Program at UCLA.
Mr. Eshkol brings more than 21 years of experience and expertise in construction management and multifamily capital improvements. He is responsible for planning, management and execution of capital improvements for the TruAmerica Multifamily portfolio nationwide.
Prior to joining TruAmerica Multifamily, Mr. Eshkol managed capital improvement projects for Kennedy Wilson Multifamily Management Group in California, Colorado and Utah. Prior to Kennedy Wilson, Mr. Eshkol served as Vice President of Construction for Casden Properties in Beverly Hills for 11 years. In this role, he was responsible for new construction operations, project administration, and supervision of all office and field staff, field operations, construction budgets, and execution for over 1,000 residential units and over 200,000 SF of retail and office space. Additionally, he was in charge of all capital improvements for the company’s’ portfolio of over 20,000 units nationwide. Mr. Eshkol also directed the consulting and construction for repositioning numerous AIMCO multifamily properties throughout the US, totaling $1.4 Billion of capital improvements.
Prior to Casden Properties, Mr. Eshkol was the Vice President of Purchasing and Special Projects for Goldrich and Kest Industries LLC in Los Angeles, California for 10 years. His responsibilities included managing all aspects of capital improvements, purchasing, special projects and maintenance of over 20,000 apartment units in more than 200 properties throughout California, Colorado and Texas.
Mr. Eshkol is a graduate of the Technion – Israel Institute of Technology where he obtained a Bachelor of Science in Structural Engineering and Construction Management. He also holds a California General Contractor’s License and Real Estate Agent License.
Mr. Matt Ferrari is the Senior Managing Director of Acquisitions at TruAmerica Multifamily and heads the firm’s Arlington, Virginia office where he is oversees acquisition opportunities throughout major markets in the Western and Eastern United States. Additionally, Mr. Ferrari leads TruAmerica’s Eastern U.S. business operations.
Previously, Mr. Ferrari was an Investments Director at AvalonBay Communities Inc., the second largest publicly traded multifamily REIT in the United States, responsible for acquisitions and dispositions in the Mid-Atlantic and Northeast. During his four years at AvalonBay, Mr. Ferrari was responsible for $500 million in core-plus acquisitions and $1.3 billion in dispositions. Prior to his time at AvalonBay, Mr. Ferrari worked in Archstone’s leadership and development rotational program as a Management Development Associate before becoming a Regional Operations Director for their Eastside Manhattan portfolio in New York City.
Mr. Ferrari holds an M.B.A. from Georgetown’s McDonough School of Business and a B.S. in Management and Business from Skidmore College. He is also a member of the Associate Advisory Board of Georgetown’s Steers Center for Global Real Estate.