TruAmerica Multifamily has recently completed the acquisition of J Highlands at Hudson, now known as Highlands at Hudson. This 158-unit apartment complex, located at 307 Central St. in Hudson, MA and constructed in 2005, was purchased by TruAmerica for an undisclosed amount from an undisclosed seller.
According to Matt Ferrari, Co-Chief Investment Officer and Head of Acquisitions for Los Angeles-based TruAmerica, “Highlands at Hudson presents a prime opportunity for value add investment with its proven demand for renovated apartments and potential for further improvements through professional property management and operational streamlining.”
The community boasts attractive amenities such as outdoor recreational areas, a fitness center,and a newly-renovated lobby. The transaction was facilitated by Mike Coyne,T ravis D’Amato,Maggie McFarland,and Brendan Shields of Walker & Dunlop who represented the seller while Russell Deyand Trevor Faseof Walker & Dunlop arranged financingfor the acquisition.
This recent purchase adds to TruAmerica’s growing portfolio of multifamily properties across various markets in the United States.
