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September 12, 2016 Comments Off on TruAmerica Expands East, Opens D.C. Office Views: 299 National News, Northeast

TruAmerica Expands East, Opens D.C. Office

TruAmerica Multifamily of Los Angeles has expanded to the opposite coast, opening a new office in Arlington, VA. Matthew R. Ferrari heads up the office as Eastern U.S. Director of Acquisitions. Also on board are David Myers, Director of Capital Impovements, and Benjamin Miller, Director of Asset Management.

Since hanging its shingle in 2013, the Los Angeles-based TruAmerica has focused on buying Class A and Class B multifamily properties throughout the Western U.S. A value-add player, TruAmerica currently manages a portfolio of more than 29,000 units, with a market capitalization of approximately $6.2 billion.

“Real estate is a local business, and as we expand our investment platform across the United States, it was a logical and inevitable step to have boots on the ground on the East Coast,” said CEO Robert E. Hart.

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