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TruAmerica Spends $125M in Seattle, Portland

SEATTLE—Los Angeles-based multifamily specialist has acquired three apartment communities that add 841 units to the firm's Northwest portfolio.  

By David Phillips | Updated on June 08, 2015

SEATTLE—TruAmerica Multifamily, in partnership with its institutional investors, continues its expansion in the Pacific Northwest with the acquisition of three apartment home communities in Oregon and Washington in transactions totaling $125.3 million.

The acquisitions include two properties in metro Seattle, where TruAmerica owns 1,788 units in King County, and one property in metro Portland marking the Los Angeles-based investment firm’s entry into that market.  The three apartment communities add 841 units to TruAmerica’s now 8,500-unit multifamily portfolio acquired in just 24 months.

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