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TruAmerica, Ares Buy Apartment Portfolio for $236M

BALTIMORE, MD-This is TruAmerica's second significant investment in the region since entering the market five months ago with another $187 million portfolio acquisition.

By Erika Morphy | erikamorphy | Updated on November 14, 2016

Matthew Ferrari

BALTIMORE, MD–Ares Management and TruAmerica Multifamily have acquired a 1,402-unit multifamily portfolio in suburban Baltimore for $236 million.

There are six apartment buildings in the portfolio: Dominion at Eden Brook and Dominion Kings Place in Columbia, Lakeside Mill in Owings Mills, Ellicott Grove in Ellicott City, Arborview at Riverside and Liriope in Belcamp, Dominion Constant Friendship in Abingdon.

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