TruAmerica adds to Florida portfolio with Pinellas apartments

Nearly $64 million deal brings company's holdings in the state to 5,000 units

  • By Kevin McQuaid
  • | 6:00 a.m. July 19, 2019
  • | 0 Free Articles Remaining!
COURTESY PHOTO — TruAmerica Multifamily acquired the Runaway Bay apartments in Pinellas County as part of a $63.75 million deal.
COURTESY PHOTO — TruAmerica Multifamily acquired the Runaway Bay apartments in Pinellas County as part of a $63.75 million deal.
  • Commercial Real Estate
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TruAmerica Multifamily, a Los Angeles-based apartment investor, has acquired a pair of Pinellas County multifamily rental communities for $63.75 million.

The addition of the 262-unit Twin Lakes Apartments in Palm Harbor and the 192-unit Runaway Bay complex in Pinellas Park bring TruAmerica’s Florida portfolio to just under 5,000 units.

 

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