Author: francesbrass3
TruAmerica Acquires Communities in Phoenix, Orlando and Columbus Totaling Nearly 1,500 Units
Olde Mill Lakes LOS ANGELES – Aug. 1, 2022 – PRLog — In three separate transactions TruAmerica Multifamily has closed on five suburban apartment communities representing nearly 1,500 units. The assets are located in Orlando, FL, Phoenix, AZ and Columbus, OH. In the largest transaction, TruAmerica in partnership with funds managed by Oaktree Capital Management, LP. (“Oaktree”) acquired a three-property, 981-unit portfolio from a Norfolk, VA-based real estate investment and management firm. The portfolio includes the 314-unit Linden Crossroads and 449-unit Linden Audobon Park in Orlando, FL and the 218-unit Luxe Scottsdale in Phoenix, AZ. The properties were ... Read more