TruAmerica Bolsters Flagship Business Lines, Launches BFR Vertical
Los Angeles-based TruAmerica Multifamily, among the nation’s leading multifamily investment firms, has expanded its flagship team and business lines and launched a new affordable housing vertical. Ted Egner has joined TruAmerica to lead acquisitions in the Mid-Atlantic and Northeast markets. To lead the affordable housing strategy, TruAmerica hired Ben Finley to build out the group. Additionally, new executive Stuart Cramer, who previously served in an advisory capacity, has joined TruAmerica full-time to lead the next phase of the platform’s build-for-rent (BFR) efforts.
The affordable housing vertical will take shape in coming months with a platform acquisition of an existing low-income housing tax credit multifamily portfolio. Initially launched in 2022, the BFR vertical will now focus on targeted investment strategies in high-demand locations throughout California.
“These new investment strategies will complement TruAmerica’s extensive track record in the value-add sector and are a natural evolution of the platform our team has established,” said Robert Hart, president & CEO of TruAmerica. “TruAmerica’s dedication to scaling its platform not only addresses diverse market demands but also amplifies our ability to build better communities.”
Pictured: Stuart Cramer.
