TruAmerica Multifamily, a leading national investment firm focused on institutional multifamily properties, has recently acquired the Villas at Old Concord in Billerica, MA. The 324-unit apartment community is located in the highly desirable Boston suburb and marks TruAmerica’s fifth acquisition in the metro area.
According to Matt Ferrari, head of acquisitions and co-CIO for TruAmerica based in Los Angeles, Boston is a top market for multifamily investments due to its strong resident demographics and abundant job opportunities. The Villas at Old Concord’s prime location provides residents with easy access to major employment centers within the city. This strategic purchase aligns with TruAmerica’s investment strategy and further expands their presence in this thriving community.
The undisclosed seller was represented by Tom Greeley, Robert Griffin, and Mike Byrne of Newmark while Mitch Clarfield of Newmark secured financing for TruAmerica. With this latest acquisition completed successfully ,TruAmercia continues its growth trajectory as a leader in the multifamily real estate sector.
