TruAmerica Multifamily Had a Great 2016

Greg Campbell is now the head of the firm’s acquisitions team.

LOS ANGELES—While some are calling 2016 the worst year in history, TruAmerica Multifamily is celebrating. The multifamily investment firm has had a great year with a total of nearly $1 billion in transactions. The yearend total is a 20% increase over the firm’s early 2016 projections.

“We were extremely pleased with our performance in 2016.  We continued to grow at a brisk pace, even establishing a presence on the East Coast through the acquisition of two portfolios in the Mid-Atlantic region,” Greg Campbell, senior managing director of acquisitions and dispositions for TruAmerica, tells GlobeSt.com. “Despite the rapid growth, we are completing our property-specific business plans across all of our markets, and we have done a terrific job of attaining the rent premiums through renovation that we set out to achieve.” Much of this acquisition was driven by the firm’s ability to find strong yields with rental upside and the current cap-rate compressed market conditions.