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TruAmerica Nears $1B Portfolio Goal

LOS ANGELES—The real estate investment firm completes two acquisitions in Seattle and Denver totaling $82 million, bringing the firm's portfolio to $293 million and closer to its 2015 goal of $1 billion.

By Kelsi Maree Borland | Updated on April 03, 2014

LOS ANGELES—TruAmerica Multifamily, a real estate investment firm launched last year by Robert E. Hart and the Guardian Life Insurance Co. of America, has reached $293 million in property values and is on track to accomplish its 2015 goal of $1 billion in property values. The announcement comes after the firm completed two new acquisitions in Denver, CO, and Seattle, WA, totaling $82 million.

“We are well on our way to becoming a billion-dollar company,” Hart, TruAmerica Multifamily’s CEO and founder, tells GlobeSt.com. “We closed a couple hundred million in deals and we have more coming. Right now, we have a heavy concentration of deals in the Seattle-metro area and the Denver-metro area.” In total, the firm has acquired six multifamily properties since launching in July 2013 with three acquisitions in California and the other three in the Seattle and Denver areas.

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