A venture led by TruAmerica Multifamily has paid $49.88 million, or $197,917/unit, for the 252-unit Westmont Commons apartment property in Asheville, N.C. The Los Angeles investment manager partnered on the investment with Spoke Real Estate Capital of Columbus, Ohio. The property, at 120 Chamberlain Drive, was constructed in two phases, in 2003 and 2008, and […]

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