TruAmerica Multifamily has paid $72 million, or $305,084/unit, for the 236-unit Sterling Heritage Apartments in the Washington, D.C., suburb of Sterling, Va. The Los Angeles investment manager acquired the property from McDowell Properties of Addison, Texas. TruAmerica has a portfolio of 173 properties with about 60,000 apartment units across 16 states. The investment manager, founded […]

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