TruAmerica Multifamily is expecting to complete$1 billion in acquisition volume this year. This goal matches thefirm's strong acquisition activity in 2018, which hit $960 million.As it has since its inception, TruAmerica will continue to targetclass-B apartment product, but this year, the firm will also enternew markets in the mid-Atlantic as well as secondary markets on theWest and East Coasts.
“Our broader plan for 2019 is to acquire $900 million to $1billion in acquisitions of class-B apartment in first- andsecond-ring suburbs around major metros, such as Denver andOrlando,” Matt Ferrari, senior managing director of acquisitions atTruAmerica, tells GlobeSt.com. “Last year, we were able to close$960 million in assets with that profile, so we have a similar goalfor 2019. As of today, we have closed $310 million with another$200 million under contract.”
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