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    TruAmerica

    Locke Lord represented TruAmerica Multifamily LLC in the purchase of three multifamily properties from Berkshire Property Advisors for a total purchase price of $229 million. The properties are located in Renton, Wash., Denver and Aurora, Colo. Freddie Mac made three loans to facilitate the purchase.
    TruAmerica purchased these properties through a joint venture with Allstate Life Insurance Company and The Guardian Life Insurance Company of America. At the same time, TruAmerica, Allstate and Guardian launched a new sponsor joint venture platform whereby the new venture would acquire additional multifamily properties in the western United States.
    The transaction closed June 24. Marc Heller, Edward Zughaib, Lane Folsom and Allison Harris led the Locke Lord team.
    Posted August 25, 2014

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