A Locke Lord Team closed 4 transactions totaling over $390 million for TruAmerica Multifamily LLC in the second quarter. The first involved the acquisition of 3 multifamily properties in the Baltimore suburbs with an aggregate purchase price of $191 million (this was the first acquisition east of the Rockies by TruAmerica). The second transaction involved the acquisition of a just completed apartment building in San Francisco for $64 million (both of these transactions involved a new equity partner, MSD Capital, the investment arm of Michael and Susan Dell). The third transaction was a $56.7 million multifamily purchase in Tempe, AZ with Investcorp as the equity partner (this acquisition was structured to be Sharia compliant). The fourth transaction was an $81 million multifamily acquisition in Scottsdale, AZ which involved a major fund/money manager as a first time equity investor with TruAmerica. Marc was assisted by Janis Loegering (Dallas), Al Clark (Los Angeles), Jeff Wallace (Houston) and Michelle Gutierrez-Begin (Houston).
Posted July 21, 2016