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RENTON, WA—Los Angeles-based investment firm TruAmerica Multifamily expands its metro-Seattle footprint and nearly 10,000 unit multi-state apartment portfolio with the acquisition of Montclair Heights, a 174-unit multifamily complex in Renton, a suburb of Seattle. Today’s purchase of Montclair Heights marks TruAmerica’s third deal in Washington, with previous acquisitions including Arcadia Luxury Townhomes in Federal Way for $54 million (December 2013) and Westhaven Apartments in Seattle for $27 million (March 2014). The firm completed the transaction in partnership with LEM Capital, L.P. and financed with a five year rehab bridge loan from OneWest Bank.

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