TruAmerica Multifamily Expands into Affordable Housing and Structured Finance
Funding | Jan 31, 2025 | TruAmerica Multifamily LLC
TruAmerica Multifamily is embarking on an expansive growth strategy in 2025 by introducing two new investment verticals: affordable housing and structured finance. These strategic initiatives are designed to complement TruAmerica's robust portfolio in the value-add multifamily sector. The firm's core strategy remains centered around value-add investments, but the addition of these verticals signifies an evolution, aiming to cater to a wider range of market needs and contribute to community development. A significant acquisition of a low-income housing tax credit portfolio will mark the beginning of the affordable housing initiative, led by newly appointed Managing Director Ben Finley, a seasoned expert in affordable housing preservation. Concurrently, the structured finance addition will launch preferred equity and mezzanine debt offerings to address equity gaps in multifamily transactions, spearheaded by Ash Baraghoush. Additionally, strategic hires, such as Ted Egner and Stuart Cramer, are set to drive the firm's regional growth and build-to-rent initiatives, respectively. TruAmerica holds an expansive portfolio with over $15.5 billion in assets and aims to scale its presence in both the Mid-Atlantic and East Coast regions.
Sectors
- Real Estate Investment
- Affordable Housing
- Structured Finance
Geography
- United States – TruAmerica Multifamily operates nationwide, with a focus on expanding its impact across the Mid-Atlantic, East Coast, and California markets.
Industry
- Real Estate Investment – TruAmerica Multifamily's activities are within the real estate investment sector, focusing on multifamily properties and innovative finance offerings.
- Affordable Housing – The introduction of an affordable housing vertical indicates a strategic move into the affordable housing industry, emphasizing the necessity for diverse housing solutions.
- Structured Finance – TruAmerica is entering the structured finance industry with offerings in preferred equity and mezzanine debt, enhancing capital solutions for real estate transactions.
Financials
- $15.5 billion – The total assets under management by TruAmerica Multifamily.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TruAmerica Multifamily LLC | PE Firm | Company | A private real estate investment firm focused on multifamily housing properties. |
| Bob Hart | President and CEO | Person | Leader of TruAmerica Multifamily, responsible for strategic growth and expansion initiatives. |
| Ben Finley | Managing Director of Affordable Housing | Person | Appointed to lead TruAmerica's affordable housing vertical with extensive experience in multifamily real estate. |
| Ash Baraghoush | Senior Managing Director | Person | Leads the structured finance vertical, contributing to strategic financial offerings. |
| Noah Hochman | Co-Chief Investment Officer, Head of Capital Markets | Person | Oversees investment strategies and capital markets at TruAmerica. |
| Ted Egner | Leader of Acquisitions for Mid-Atlantic and Northeast | Person | Responsible for expanding TruAmerica's acquisitions across specific U.S. regions. |
| Stuart Cramer | Overseer of Build-to-Rent Vertical | Person | Responsible for the growth of TruAmerica's build-to-rent investments. |