DALLAS, TX – Los Angeles-based, TruAmerica Multifamily has acquired two Dallas-area multifamily properties in two separate transactions. The assets comprise more than 500 apartment units.
The acquisition of the properties represents TruAmerica Multifamily's third and fourth investments in Texas, since entering the market in December 2020. The firm has now acquired 1,300 units in the state within the past eight months.
The first of the two acquired properties encompasses the 295-unit, Mission Ranch Apartments. Located at 901 US Highway 80 East in Mesquite, TX, the class B property offers one-, two- and three-bedroom floorplans. The previous owner of Mission Ranch Apartments implemented upgrades to 28 units, and TruAmerica Multifamily plans to finish renovations at the property and modernize all units.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
