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词条 TruAmerica Multifamily
释义

  1. History

  2. External links

  3. References

{{Infobox company
| name = TruAmerica Multifamily
| logo =
| logo_caption =
| image =
| image_caption =
| type = Private
| founder = Robert E. Hart
| area_served = U.S.
| industry = Real Estate
|revenue =
|operating_income =
|net_income =
|value of assets held =
|number properties under management =
|num_employees =
| location = Los Angeles, CA, United States
| homepage = {{URL|http://www.TruAmerica.com}}
}}TruAmerica Multifamily is a Los Angeles-based multifamily investment firm that specializes in the acquisition and renovation of large class B apartment properties across the United States. Since its founding in 2013 by real estate investor Robert E. Hart, the company has acquired and/or asset manages a portfolio of approximately 33,000 apartment units valued at roughly $7 billion.[1][2]

History

TruAmerica was formed in 2013 by a partnership between Hart and The Guardian Life Insurance Company of America.[1] Hart owns 20 percent of the company and Guardian owns the remaining 80 percent. Hart founded the company after leaving Kennedy Wilson, a global real estate company where he served for 13 years as President and CEO of its multifamily management group.[3] Since its founding, TruAmerica has largely focused on investing in and renovating older mid-level or “Class B” garden style and midrise apartment communities to attract a segment of the population that rents out of necessity. These properties are located in first or second ring submarkets outside major metros areas and employment hubs.[1]

In 2015, TruAmerica partnered with Guardian and Allstate to purchase a 14 property apartment portfolio in Southern California for $482 million.[4] While mid-level apartments remain its main focus, TruAmerica has also made investments in luxury properties. In 2014, TruAmerica in partnership with Capri Capital Partners acquired The Vermont, a luxury apartment community in Los Angeles' Koreatown for $283 million.[5] In 2016, it purchased Millennium Woodland Hills, a luxury apartment community in Los Angeles, for $163 million.[6]

In its first years of existence, TruAmerica focused on investments in major metro areas throughout the western U.S., including Northern and Southern California, Salt Lake City, Las Vegas, San Diego, Phoenix, Denver, Portland, and Seattle.[7][2] In June 2016, the firm made its first investment East of the Rocky Mountains with a $187 million acquisition of a 1,004 unit apartment portfolio in Baltimore and Annapolis. It opened an East Coast office in Arlington, Virginia in September 2016 to support its increasing investment activities in select East Coast markets.[8] Shortly thereafter, it partnered with Ares Management to purchase a 1,402-unit portfolio in the Baltimore area.[9]

In 2017, it made a series of investments in Florida properties. In June 2017, TruAmerica partnered with InvestCorp to purchase two apartment complexes totalling 708 units in Orlando, Florida for $98 million.[10] In September, it partnered with MSD Capital, the investment firm founded by Michael Dell, the founder of Dell Technologies, to purchase a $66 million apartment complex in Fort Myers, Florida.[11] In October, it partnered with an unidentified investor to buy a 300-unit apartment complex in Orlando for $47.7 million.[12] In 2017, TruAmerica was named the #43 largest apartment owner in the United States by the National Multifamily Housing Association.[13] At the end of 2017, 15 percent of the company’s portfolio was located in Maryland and Florida and it signaled plans to make major investments in other mid-Atlantic and southern states.[14] Blackstone Real Estate Income Trust became the 16th institutional capital partner to joint venture with TruAmerica when they acquired a 635-unit portfolio of assets in Denver and Seattle in January 2018.[15]

External links

{{Portal|Companies}}
  • Official website

References

1. ^{{cite news |title=Investors pile into suburban rental housing |first=Keiko |last=Morris |date=December 26, 2017 |work=Wall Street Journal|url=https://www.wsj.com/articles/investors-pile-into-suburban-rental-housing-1514289600}}
2. ^{{cite news |title=Low vacancy means rising rents in SD |first=Roger |last=Showly |date=January 13, 2015 |work=San Diego Tribune|url=http://www.sandiegouniontribune.com/business/growth-development/sdut-apartments-rent-vacancy-2015jan13-story.html}}
3. ^{{cite news |title=TruAmerica makes bet on upgrading Southern California apartments |first=Max |last=Taves |date=January 27, 2015 |work=Wall Street Journal|url=https://www.wsj.com/articles/truamerica-makes-bet-on-upgrading-southern-california-apartments-1422392436}}
4. ^{{cite news |title=Los Angeles firm buys 14 apartment complexes for $482 million |first=Roger |last=Vincent |date=January 22, 2015 |work=Los Angeles Times|url=http://www.latimes.com/business/la-fi-re-apartment-portfolio-sale-20150122-story.html}}
5. ^{{cite news |title=Koreatown luxury high-rise is sold for $283 million |first=Roger |last=Vincent |date=July 25, 2014 |work=Los Angeles Times|url=http://www.latimes.com/business/realestate/la-fi-highrise-apartment-sold-20140725-story.html}}
6. ^{{cite news |title=Warner Center apartments are bought by L.A. firm for $163 million |first=Andrew |last=Khouri |date=January 5, 2016 |work=Los Angeles Times|url=http://www.latimes.com/business/la-fi-warner-center-apartments-20160105-story.html}}
7. ^{{cite news |title=LA investors pay $80 million for Las Vegas rental properties |first=Eli |last=Segall |date=September 16, 2016 |work=Las Vegas Review-Journal|url=https://www.reviewjournal.com/business/housing/l-a-investors-pay-80-million-for-las-vegas-rental-properties/}}
8. ^{{cite news |title=TruAmerica opens East Coast office, taps new director |first=Bogdan |last=Odagescu |date=September 14, 2016 |work=Multi-Housing News|url=https://www.multihousingnews.com/post/truamerica-opens-east-coast-office-taps-new-director/}}
9. ^{{cite news |title=Ares, TruAmerica acquire MD apartment portfolio|first=Natalie |last=Sherman |date=November 14, 2016|work=Baltimore Sun News|url=http://www.baltimoresun.com/business/bs-bz-truamerica-acquisition-20161114-story.html}}
10. ^{{cite news |title=Joint venture pays $98M for Orlando rentals |date=June 4, 2017 |work=The Real Deal|url=https://therealdeal.com/miami/2017/06/04/joint-venture-pays-98m-for-orlando-rentals/}}
11. ^{{cite news |title=Southwest Florida complexes trade for $137 million |first=Kevin |last=McQuaid |date=August 25, 2017 |work=Business Observer|url=https://www.businessobserverfl.com/section/detail/southwest-florida-complexes-trade-for-137.6-million/}}
12. ^{{cite news |title=TruAmerica buys its 5th apartment property in Florida this year|date=October 22, 2017 |work=The Real Deal|url=https://therealdeal.com/miami/2017/10/22/truamerica-buys-its-5th-apartment-property-in-florida-this-year/}}
13. ^{{Cite web|url=http://www.nmhc.org/Top50List.aspx?year=2017&list=owner#100067|title=National Multifamily Housing Council|website=www.nmhc.org|access-date=2017-11-03}}
14. ^{{cite news|title=TruAmerica continues national expansion with $47 million apartment acquisition in Orland|date=October 18, 2017 |work=Multi-Family Biz|url=http://www.multifamilybiz.com/News/7974/TruAmerica_Continues_National_Expansion_with_47_Mi}}
15. ^{{cite news |title=TruAmerica, Blackstone Buy 2 for $127M |first=D.C |last=Stribling |date=January 8, 2018 |work=Multihousing News|url= https://www.multihousingnews.com/post/truamerica-blackstone-buy-seattle-and-denver-assets-for-127m/}}

2 : Companies established in 2013|Companies based in Los Angeles

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