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TruAmerica Multifamily Closes Three New Deals for $209M

The investment firm buys garden-style communities in Las Vegas, Tampa and Salt Lake City.

In its latest round of apartment purchases, TruAmerica Multifamily has acquired three garden-style apartment communities for $209 million. The three communities are located in Las Vegas, Tampa and Salt Lake City, and they were purchased in three separate transactions. Together, the three properties total 1,000 units.

The three purchases include Stillwater Palms in Tampa, the largest of the three properties at 396 units; Vida, a 252-unit building located near the Las Vegas Strip; and Falls at Hunters Pointe, a 276-unit building in Sandy, Utah. All three properties were built from 1985 to 1995. In keeping with TruAmerica’s standard business plan, the firm will complete minor upgrades to all three properties.

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Kelsi Maree Borland

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 GlobeSt.com 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.

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