TruAmerica Multifamily, a top multifamily investment firm based in Los Angeles, has recently expanded its flagship team and business lines. The company has also launched a new affordable housing vertical to further diversify its portfolio. Ted Egner has been brought on board to lead acquisitions in the Mid-Atlantic and Northeast markets while Ben Finley will spearhead the affordable housing strategy. Additionally, Stuart Cramer, who previously served as an advisor for TruAmerica, is now joining the team full-time to oversee their build-for-rent (BFR) efforts.
The new affordable housing vertical will be established through an upcoming acquisition of an existing low-income housing tax credit multifamily portfolio. In addition to this expansion into affordable housing investments, TruAmerica’s BFR vertical will now focus on targeted investment strategies in high-demand locations throughout California starting in 2022.
According to Robert Hart , President & CEO of TruAmerica: “These new investment strategies are a natural progression for our platform and complement our extensive track record in value-add properties.” He believes that by expanding their offerings and focusing on diverse market demands , they can create better communities while also scaling their platform.
In the photo: Stuart Cramer
