TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, added to an already successful year with the $300-million refinance of five multifamily properties in four states. The agency loans were arranged by Walker & Dunlop’s Russell Dey and Trevor Fase and include multifamily properties encompassing more than 2,100 units in Florida, Georgia, Arizona and Tennessee.
The assets were acquired by TruAmerica in 2021. They include Sabal Palm at Carrollwood (a 432-unit property located in Tampa), Slate Apartments (a 350-unit property situated near Atlanta), The Urban (a 435-unit building based out of Phoenix), Viera Cool Springs (468 units close to Nashville) as well as Stillwater Palms – a 425 unit complex located within the Tampa/St Petersburg market area.
Robert E Hart – founder CEO & president at Los Angeles based TruAmerica commented: “We had excellent debt already set up on these five properties but we wanted to be proactive so that we could obtain even better financing for our portfolio despite current conditions” He went on further to explain how this refinance would result not only lower spreads but also material reductions when it came down debt service payments; plus they managed risk across their overall portfolio thanks to staggering maturity schedules too! Pictured: Stillwater Palms
