TruAmerica Expands Its Team and Launches Affordable Housing Vertical with New Hires

Portfolio - People | Jan 14, 2025 | TruAmerica Multifamily LLC

TruAmerica Expands Its Team and Launches Affordable Housing Vertical with New Hires

TruAmerica Multifamily, a leading multifamily investment firm, is expanding with new strategic hires and business lines, including the significant introduction of an Affordable Housing vertical. The firm, which manages $15.5 billion in assets, has appointed Ted Egner to lead acquisitions in the Mid-Atlantic and Northeast, Ben Finley to head the Affordable Housing initiative, and Stuart Cramer to accelerate its Build-For-Rent strategy. These hires bring substantial industry experience, aiming to enhance TruAmerica's existing platform and help capitalize on market opportunities. Egner, with a background at Lincoln Property and Silverwood Companies, will focus on expanding TruAmerica's East Coast presence. Finley, formerly of Avanath Capital, will oversee the Affordable Housing strategy, incorporating acquisitions and scaling operations. Cramer will utilize his extensive real estate expertise to lead the Build-For-Rent expansion, starting with developments in California. This strategic growth aligns with TruAmerica’s goal to address diverse market needs and strengthen its capacity to build better communities.

Sectors

  • Real Estate Investment
  • Affordable Housing
  • Build-For-Rent

Geography

  • United States – TruAmerica Multifamily is based in Los Angeles, California, and is expanding its operations across the United States, particularly in the Mid-Atlantic, Northeast, and California.

Industry

  • Real Estate Investment – TruAmerica Multifamily operates within the Real Estate Investment industry, focusing on multifamily and affordable housing projects.
  • Affordable Housing – The article discusses the launch and expansion of TruAmerica's Affordable Housing business line, highlighting its importance in the industry.
  • Build-For-Rent – TruAmerica's strategic focus on Build-For-Rent (BFR) developments positions it within this growing sector of the real estate market.

Financials

  • $15.5 billion – Assets under management by TruAmerica Multifamily in the multifamily real estate sector.

Participants

NameRoleTypeDescription
TruAmerica Multifamily LLCPrivate Equity FirmCompanyA leading investment firm focusing on multifamily real estate across the United States.
Ted EgnerHead of East Coast AcquisitionsPersonA seasoned professional with over 15 years in the real estate industry, leading East Coast acquisitions.
Ben FinleyManaging Director of Affordable HousingPersonAn expert with 25 years of experience in affordable housing, leading the new vertical at TruAmerica.
Stuart CramerHead of Build-For-Rent StrategyPersonA veteran with over 40 years in real estate, steering the growth of TruAmerica's BFR strategy.
Robert HartPresident & CEO of TruAmericaPersonLeader of TruAmerica, overseeing strategic expansions and new business lines.
Matt FerrariCo-Chief Investment OfficerPersonCo-head of acquisitions, involved in driving TruAmerica's strategic growth in key markets.
Noah HochmanCo-Chief Investment OfficerPersonOversees capital markets and supports the growth of the Affordable Housing vertical.