TruAmerica Multifamily Closes 2018 with $1.3 Billion in Transaction Activity
LOS ANGELES--(BUSINESS WIRE)--Jan 15, 2019--Following one of its most active years in the company’s five-year history with $1.3 billion in transaction volume in 2018, TruAmerica has made three key executive management moves promoting Noah Hochman and Matthew Ferrari to Co-Chief Investment Officers and Tammi Warner to Managing Director of Transactions and Underwriting, announced CEO and founder Robert E. Hart.
“While everyone at TruAmerica worked tirelessly to assemble and manage our ever-growing portfolio, a tremendous amount of credit goes to these three deserving individuals,” said Hart. “These promotions are recognition of the significant contributions they have made to the successful execution of our value-add platform to date, and for the contributions they will certainly make in our future growth. With more than $8 billion in AUM, our greatest assets remain the people that come through the front door every day.”
Hochman is a founding executive of TruAmerica and serves as Senior Managing Director of Capital Markets. Hochman heads investor relations and leads TruAmerica’s corporate equity and debt strategies, with responsibility for capital formation and joint venture structuring. In this role, Hochman has assisted in raising more than $2 billion in equity and has grown the firm’s institutional investor base to 23 domestic and off-shore capital partners. With more than 19 years of experience in multifamily transactions, Hochman also provides strategic leadership to TruAmerica’s acquisitions team and will continue working in tandem with Ferrari in shaping the firm’s investment strategy.
Ferrari serves as Senior Managing Director of Acquisitions now responsible for overseeing and directly sourcing opportunities in key metro markets in the Western and Eastern United States. Ferrari, has enjoyed a rapid rise through TruAmerica since joining the firm in 2016 from AvalonBay Communities to open the Arlington, VA office. He was named to lead the Eastern U.S. business operations in the Fall of 2017 and was promoted to his current position in April 2018. During his tenure at TruAmerica, Matt has played a meaningful role in the firm’s growth, having overseen more than $1.1 billion in acquisitions throughout the U.S., including entrance into the Mid-Atlantic and Southeast multifamily markets.
Warner, as head of transactions and underwriting, oversees the company’s acquisition, disposition, and financing transaction processes including legal review and closing management. Having joined the firm shortly after its inception in early 2014, she has been involved in over $5.2 billion of acquisitions and $1.2 billion of dispositions. In addition, Warner leads the processing of property due diligence, debt compliance and is the lead on equity partner and loan coordination.
Together Warner, Hochman and Ferrari, along with the firm’s agile acquisition and underwriting teams, form the nucleus of TruAmerica’s robust production operation which has been one of the most active multifamily investors in the United States over the past five years.
About TruAmerica Multifamily
TruAmerica Multifamily is a vertically integrated, value-add multifamily investment firm based in Los Angeles. Founded in July 2013 as a joint venture between Robert Hart and The Guardian Life Insurance Company of America, TruAmerica has been one of the country’s most active multifamily investors and manages an $8.2 billion portfolio of approximately 38,000 units across prime locations throughout Northern and Southern California, Washington, Oregon, Colorado, Arizona, Nevada, Utah, Maryland and Florida. For more information on TruAmerica Multifamily, visit http://www.truamerica.com or call (424) 325-2750.
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CONTACT: Bruce Beck, DB&R Marketing Communications, Inc.
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: TruAmerica Multifamily
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PUB: 01/15/2019 11:00 AM/DISC: 01/15/2019 11:00 AM