CHANDLER, AZ— TruAmerica will undertake a $3 million capital improvement program to complete the interior renovation of an additional 80% of the units as part of the $47.5 million purchase.

MIAMI—"Management teams are having to be creative with respect to maintaining the highest levels of customer service while looking at ways to lower expenses," she tells GlobeSt.com.

CHATHAM, NJ—The Kislak Company arranged an off-market sale of a family-owned three-building multifamily portfolio with a total of 118 units in Chatham, Morris County, New Jersey for $33.1 million. The sale is among the largest multifamily sales this year in Morris County in terms of price, Kislak says.

SAN FRANCISCO—“The underlying trends in our businesses continue to be favorable,” with rents trending higher globally, says the industrial giant's chairman and CEO, Hamid Moghadam.