TruAmerica Multifamily has acquired two new properties in Atlanta and Las Vegas totaling 608 units. The investor purchased the two properties in a joint venture deal with one of its institutional partners for $96.8 million. This transaction includes the 368-unit Vintage Pointe in Las Vegas and the 240-unit Sweetwater Creek in the Atlanta suburb of Lithia Springs.

Atlanta and Las Vegas have been among TruAmerica's target markets, along with Colorado and Florida. This year, it has acquired more than $500 million in multifamily assets in these four markets.

With its acquisition activity this year, TruAmerica now owns 4,000 units in Nevada and 1,400 units in Georgia.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Las Vegas
Los Angeles
Multifamily
Capital Markets