X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Noah E. Hochman

TruAmerica Multifamily—a major value-add investor—is being more selective in its acquisition strategy this year, and it is focusing on quality assets that will perform better in down cycles. In addition, the firm is placing longer-term debt on new acquisitions. Its recent two multifamily acquisitions in Phoenix and Las Vegas both have seven-year debt, rather than the typical three-to-five year financing in the firm has placed on earlier transactions. For these properties, the firm is anticipating a longer hold with of four to seven years.

Kelsi Maree Borland

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.