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 over $8 billion of assets under management totaling approximately 40,000 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.
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.
Ms. Lynn Owen is the Chief Operations Officer of TruAmerica Multifamily and brings more than 30 years of multifamily and commercial property management experience. One of the most experienced and accomplished women in her field, during the course of her career, she has been responsible for $20.5 billion of assets under management.
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 manages TruAmerica’s value add program across the entire portfolio to keep costs of the firm’s $600 million construction budget under control so that return on investment hurdles are reasonable and achievable with respect to rent growth and business plan goals.
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.
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 Co-Chief Investment Officer & Head of Capital Markets for TruAmerica Multifamily. Mr. Hochman heads investor relations and leads TruAmerica’s corporate equity and debt strategies, with responsibility for capital formation and joint venture structuring. In this role, Hochman has assisted in raising more than $2 billion in equity and has grown the firm’s institutional investor base to 23 domestic and off-shore capital partners. With more than 19 years of experience in multifamily transactions, Hochman also provides strategic leadership to TruAmerica’s acquisitions team.
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. Matt Ferrari is the Co-Chief Investment Officer Head of Acquisitions & East Coast Asset Management 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.
Ferrari, has enjoyed a rapid rise through TruAmerica since joining the firm in 2016 from AvalonBay Communities to open the Arlington, VA office. He was named to lead the Eastern U.S. business operations in the Fall of 2017 and was promoted to his current position in April 2018. During his tenure at TruAmerica, Matt has played a meaningful role in the firm’s growth, having overseen more than $1.1 billion in acquisitions throughout the U.S., including entrance into the Mid-Atlantic and Southeast multifamily markets.
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.
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.
Ms. Warner, as head of transactions and underwriting, oversees the company’s acquisition, disposition, and financing transaction processes including legal review and closing management. Having joined the firm shortly after its inception in early 2014, she has been involved in more than $5 billion of acquisitions and $1 billion of dispositions. In addition, Warner leads the processing of property due diligence, debt compliance and is the lead on equity partner and loan coordination.
Ms. Warner has more than 20 years of multifamily experience. Prior to joining TruAmerica, Ms. Warner was senior vice president and senior underwriter with CWCapital LLC and and continued in that role when the firm was acquired by Walker & Dunlop.
Ms. Warner holds a Bachelor of Science in Economics and Business from UCLA and is a Certified General Real Estate Appraiser in California.
Dr. Eryn Mack leads TruAmerica’s overall Human Resources infrastructure and Organizational Development by prioritizing and aligning business opportunities with strategic goals out of the firm’s Los Angeles headquarters office. Since joining the firm in 2018, Dr. Mack has developed measurable and transformative business and operational strategy solutions that encourage a culture of excellence and empowerment throughout TruAmerica’s network of offices located in Los Angeles, Newport Beach, Arlington, VA, Las Vegas, Orlando and Seattle.
Prior to joining TruAmerica Multifamily, Dr. Mack was a Human Resource Business Partner at Automatic Data Processing (ADP) and held positions at Toys R’ Us Distribution Center and the US Army.
Dr. Mack attended the University of Southern California and holds a Doctoral Degree in Organizational Leadership and Education. She completed her Masters and Bachelor’s degree at Penn State University. She holds the following professional certificates: Family Medical Leave Administrator, Human Capital Strategist (HCS), Equal Opportunity Leaders Course (EOLC), Master Certificate Business Intelligence, Master Certificate Human Resources Master, Certificate Lean Six Sigma; and Master Certificate in Project Management.
Mr. Wei manages TruAmerica Multifamily’s Porfolio Management group, which is responsible for optimizing the financial performance of the firm’s $8.2 billion in assets under management. In his role, Mr. Wei directs the firm’s disposition and loan refinancing strategies and has led on $2.0 billion in capital events.
Mr. Wei is also responsible for keeping the executive team apprised of legislative changes affecting TruAmerica’s existing and future investments, and the firm at the forefront of market research. Mr. Wei has been promoted multiple times during his career at TruAmerica, starting as an Acquisitions Analyst and moving up in the Acquisitions group before arriving at his current role. Mr. Wei has been involved in $4.0 billion of total transaction volume inclusive of acquisitions.
Prior to TruAmerica Multifamily, Mr. Wei was a Production Associate at Freddie Mac Multifamily, where he was involved in $5.0 billion of loan volume.
Mr. Wei earned his B.S. in Business Administration from the University of Southern California’s Marshall School of Business.