TruAmerica promotes acquisitions director

TruAmerica Multifamily, which earlier this year invested $165 million to acquire apartment complexes in Fort Myers and Orlando, has promoted its director of East Coast acquisitions.

As managing director of the company's East Coast business, Matthew Ferrari also will be responsible for asset and construction management for TruAmerica from the firm's Virginia office, in addition to future purchases.

“Rolling the asset management team into one unit will allow us to impart local knowledge throughout our East Coast portfolio,” Ferrari says.