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TruAmerica Buys Two Apartment Properties

SEATTLE—Los Angeles-based investment firm plans to more than double Northwest portfolio by end of the year.

By David Phillips | Updated on September 16, 2015

SEATTLE—TruAmerica Multifamily continues to grow its Pacific Northwest portfolio with the acquisition of two apartment communities, one in the Seattle area, and the other near Portland OR in an off-market transaction valued at $48.75 million.

The seller was San Francisco-based FPA Multifamily. TruAmerica acquired the 92-unit Township Apartment Homes in Canby, OR and the 202-unit Windsor Apartment Homes in Renton, WA, in partnership with a syndicate of domestic and international institutional investors including Allstate and The Guardian Life Insurance Company of America.

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