TruAmerica Multifamily has launched a Build-For-Rent (BFR) development division for townhome and single-family rental communities in suburban submarkets that align with its existing multifamily platform.
Veteran BFR executive Mitch Rotta has joined the firm as Senior Managing Director to lead the new initiative. Rotta has been involved in the burgeoning BFR space for the majority of his career, most recently with Tricor Homes, a build-for-rent construction operator and builder.
The initial roll-out of TruAmerica's in-house BFR platform will be in high-growth Southwest, Southeast and Texas suburban markets, which represents approximately 60% of the firm's $16.1 billion multifamily portfolio.
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