Matt Ferrari Matt Ferrari

TruAmerica Multifamily is expecting to complete $1 billion in acquisition volume this year. This goal matches the firm’s strong acquisition activity in 2018, which hit $960 million. As it has since its inception, TruAmerica will continue to target class-B apartment product, but this year, the firm will also enter new markets in the mid-Atlantic as well as secondary markets on the West and East Coasts.

“Our broader plan for 2019 is to acquire $900 million to $1 billion in acquisitions of class-B apartment in first- and second-ring suburbs around major metros, such as Denver and Orlando,” Matt Ferrari, senior managing director of acquisitions at TruAmerica, tells “Last year, we were able to close $960 million in assets with that profile, so we have a similar goal for 2019. As of today, we have closed $310 million with another $200 million under contract.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.