**TruAmerica and Oaktree Secure $255.3M Refi for Florida and Arizona Multifamily Portfolio**
TruAmerica and Oaktree Capital Management have secured a $255.3 million refinancing package for a portfolio of multifamily apartment communities located across Tampa, Orlando, and Scottsdale.
JLL Capital Markets represented the borrowers in arranging the five-year, floating-rate loan through a national bank. The loan includes a competitive spread, full-term interest-only payments, and flexible prepayment terms, supporting the sponsors’ ongoing value-add strategies for each property in the portfolio. The refinancing effort was led by JLL’s Debt Advisory team, including Kevin Mackenzie, Annie Rice, and Brandon Smith.
The portfolio comprises 1,324 apartment units spanning four properties. In Florida, the portfolio includes Arbors at Carrollwood, a fractured condo community in Tampa, along with two Class A multifamily assets in Orlando—Audubon Park and Alcove Orlando. These assets were constructed between 2001 and 2017.
Each of the properties includes modern amenities such as swimming pools, fitness centers, and communal gathering spaces. The fourth property in the portfolio is located in Scottsdale, Arizona.
This strategic refinancing enhances financial flexibility and positions the sponsors to further implement value-add improvements across the portfolio.
