TruAmerica Lands $300M for 5 Communities

TruAmerica Multifamily has obtained $300 million for the refinancing of five multifamily communities, comprising more than 2,100 units, located in Florida, Georgia, Arizona and Tennessee. Walker & Dunlop Senior Director Russell Dey and Senior Managing Director Trevor Fase arranged the loans on behalf of the borrower.

The portfolio encompasses the 432-unit Sabal Palm at Carrollwood, in Tampa, Fla.; Slate Apartments, a 350-unit property in the Atlanta metro; The Urban, a 435-unit community in Phoenix; the 468-unit Viera Cool Springs, located near Nashville, Tenn.; and the 425-unit Stillwater Palms, in the Tampa/St. Petersburg market. The owner picked up the properties back in 2021.

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Multi-Housing NewsJune 29, 2023
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TruAmerica Multifamily is a Los Angeles-based investment firm focused on acquiring, renovating, and managing multifamily housing throughout the United States.
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