TruAmerica Multifamily could be a net seller this year. If they are, it would be the first time in the workforce housing investor's history. This year, it was nearly split between buying and selling activity, and Bob Hart of the company says that there is a 50-50 chance the company will close 2020 as a net seller.
'We are almost 50-50 buying and selling. This year, we could be a net seller—maybe. I give it 50-50," Hart, founder and CEO of TruAmerica Multifamily tells GlobeSt.com.
While the company may be net sellers, it will still be an active buyer. "We are giving ourselves some geographic diversity. California has been very hard to buy in, although we did do a few deals there this year," says Hart. "We have to balance it out. We are still in every major city Denver and West and we are still along the Eastern Coast, but we want to start to play in the center. It is more about diversity than changing the strategy.
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