Commercial Real Estate Direct Staff Report TruAmerica Multifamily has recapitalized the 192-unit Runaway Bay Apartments in Pinellas Park, Fla., by bringing in Townsend Group as partner in the property—replacing RSE Capital Partners—in a deal valued at $30.4 million, or $158,333/unit. The TruAmerica/Townsend venture assumed the $27.12 million of Freddie Mac mortgage financing against the property. […]

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