LOS ANGELES, CA – Privately-held real estate investment firm TruAmerica Multifamily has closed its first discretionary fund, the TruAmerica Workforce Housing Fund, with $575 million in equity commitments, which surpasses its fundraising target of $400 million.
The company received more than half of the fund's equity commitments from new investors, and received additional support from its existing institutional capital partners. The fund's investors include foreign and domestic insurance companies, public and private pension funds, global asset management firms and family offices.
TruAmerica Multifamily continues to seek value-add opportunities and primarily invests in class B, garden-style communities within suburban markets.
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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.
