TruAmerica Multifamily Expands Portfolio with Kissimmee Acquisition
Deal News | Apr 10, 2025 | TruAmerica Multifamily LLC
TruAmerica Multifamily LLC, a private equity real estate management firm based in Los Angeles, has acquired a property in Kissimmee, Florida for $81 million. This acquisition is part of TruAmerica's strategic expansion in the Orlando apartment market, which they believe holds significant potential. The firm is planning improvements to the acquired property to enhance its value and appeal. This move signals TruAmerica's confidence in the growth and stability of the Orlando metropolitan area, indicating further opportunities within the regional real estate sector.
Sectors
- Real Estate Management
- Private Equity
Geography
- United States – This acquisition took place in Kissimmee, Florida, highlighting the relevance of the United States geography where the Orlando apartment market is located.
Industry
- Real Estate Management – TruAmerica Multifamily LLC's acquisition of a Kissimmee property falls within the real estate management industry, focusing on investment and development of residential apartments.
- Private Equity – The involvement of TruAmerica Multifamily, a private equity firm, characterizes this transaction within the private equity sector due to the acquisition and investment strategies employed.
Financials
- $81 million – The purchase price for the Kissimmee property acquired by TruAmerica Multifamily.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TruAmerica Multifamily LLC | Acquiring Company | Company | A Los Angeles-based private equity firm specializing in multi-family property investment and management. |