In its latest round of apartment purchases, TruAmerica Multifamily has acquired three garden-style apartment communities for $209 million. The three communities are located in Las Vegas, Tampa and Salt Lake City, and they were purchased in three separate transactions. Together, the three properties total 1,000 units.

The three purchases include Stillwater Palms in Tampa, the largest of the three properties at 396 units; Vida, a 252-unit building located near the Las Vegas Strip; and Falls at Hunters Pointe, a 276-unit building in Sandy, Utah. All three properties were built from 1985 to 1995. In keeping with TruAmerica's standard business plan, the firm will complete minor upgrades to all three properties.

TruAmerica is an active buyer in all three markets, and with these purchases, 25% of the company's portfolio is located in Nevada, Florida and Utah. The firm calls the three markets the most "sound" in the US due to population, job and wage growth.