Tag: Multifamily

 For decades, REALTORS® have focused on representing buyers and sellers in commercial and residential real estate deals with little to no focus on multifamily investing. As a result, there are very few resources for multifamily real estate even though it’s one of the most profitable streams of property income within the industry. If this is the case, then why aren’t there more multifamily dedicated resources? Well, it can be difficult and risky for REALTORS® to put all their eggs in one basket, especially if they don’t have an extensive background in real estate investing. Consequently, many agents don’t provide multifamily ... Read more

 Real estate investors and developers find it difficult to access multi-family construction projects as many commercial banks do not even consider lending for these types of construction jobs. GCP Fund is one of the few lenders that work with multi-family residential properties and provides loans for multi-family construction jobs. They offer permanent and interim loans that are available throughout multiple regions of the US. The fund has a successful track record of providing loans ranging from $1,000,000 to mega projects that can cost around $100,000,000. As a direct lender, they do not have to rely on outside sources for funding ... Read more

LOS ANGELES – Feb. 2, 2022 – PRLog — TruAmerica Multifamily has launched a Build-For-Rent (“BFR”) development division to build townhome and single-family rental communities in suburban submarkets that are synergistic with its existing vertically integrated multifamily platform, announced CEO and founder Robert Hart.  Veteran BFR executive Mitch Rotta has joined the firm as Senior Managing Director to lead the new initiative. The initial roll-out of TruAmerica’s in-house BFR platform will be in high growth Southwest, Southeast and Texas suburban markets, which represents approximately 60% of the firm’s $16.1 billion multifamily portfolio. “The changing demographics of the U.S., the ongoing ... Read more

Oak Crest Houston, Tx LOS ANGELES – Nov. 17, 2021 – PRLog — TruAmerica Multifamily has made its first investments in Houston with the acquisition of a two-property multifamily portfolio totaling 652 units. The portfolio includes the 364-unit Camden Oak Crest and 288-unit Camden Park, both developed by the seller, a Houston-based Real Estate Investment Trust. The properties are located approximately 1.5 miles from each other, near the center of the popular Westchase Business District in Western Houston.   Both garden-style communities feature a mix of one-, two- and three-bedroom apartment homes offering resort-style amenities including swimming pool, fitness center ... Read more

Estates At Canyon Ridge 20614 Stone Oak Pkwy San A LOS ANGELES – Oct. 4, 2021 – PRLog — TruAmerica Multifamily has grown its Texas portfolio to nearly 1,500 apartments in less than nine months with its first acquisition in San Antonio, the 270-unit The Estates at Canyon Ridge for $46.7 million. The Estates at Canyon Ridge is TruAmerica’s third investment in Texas in the last two months and its fifth since entering the state in December 2020.  Since establishing a regional headquarters in Dallas under the direction of Senior Director of Acquisitions Ammanuel Metta, TruAmerica has rapidly built its ... Read more