TruAmerica Press Releases

TruAmerica Multifamily, which owns and operates nearly 2,000 multifamily units in Phoenix AZ, has acquired Covington Park, a 520-unit garden-style apartment community for $77.26 million.

TruAmerica Multifamily, in joint venture with RSE Capital Partners, has acquired a two-property, 454-unit multifamily portfolio in the Tampa submarket of Pinellas County for $63.75 million.

Transaction activity for TruAmerica Nears $900 Million in 2019

TruAmerica Multifamily (in partnership with an institutional partner) has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 million.

TruAmerica Multifamily, in partnership with Oaktree Real Estate Income Trust ("Oaktree"), has acquired Anzio, a 448-unit class "B" multifamily community in Atlanta.

TruAmerica Multifamily has acquired Island Club, a 472-unit Class B apartment community in Orlando, FL in a $64 million transaction. TruAmerica identified the Orlando MSA as its top target market in Florida after entering the state in 2017.

TruAmerica Multifamily, in joint venture with an institutional capital partner, has acquired a two-property, 472-unit apartment portfolio in Tempe, AZ for $67.3 million increasing its local portfolio to more than 2,400 units.

TruAmerica Multifamily has been awarded the inaugural Pet Pawsitive Award by the non-profit social enterprise Michelson Found Animals Foundation for its pet friendly policies and initiatives across its 37,000-unit portfolio.

TruAmerica Multifamily has acquired Solis at Winter Park, a 596-unit Class-B multifamily property in Orlando, FL in a transaction valued at $79 million.

TruAmerica Multifamily in partnership with capital partner ASB Real Estate Investments on behalf of its Allegiance Real Estate Fund, has acquired Corte Bella, a 251-unit multifamily community in the Orange County city of Fountain Valley, CA for $85.8...

TruAmerica Multifamily in partnership with Intercontinental Real Estate Corporation ("Intercontinental") has acquired the leasehold interest in the largest transit-oriented development in San Diego County, the 527-unit Alterra & Pravada at Grossmont..

TruAmerica Multifamily has expanded its rapidly growing Florida apartment portfolio with the off-market acquisition of the 368-unit Astor Park in Winter Springs, FL for $50 million.

TruAmerica Multifamily has acquired Pacific Shores, a 264-unit apartment community in Huntington Beach, CA from affiliates of UDR, Inc. for $90.5 million.

TruAmerica Multifamily, in its first joint venture partnership with an affiliate of Blackstone Real Estate Income Trust, Inc.

TruAmerica Multifamily in joint venture with a new institutional partner has acquired Arium Falcon Pines, a 300-unit apartment community in Orlando, FL for $47.7 million, as the Los Angeles-based investment firm continues to develop a national market...