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Florida & Gulf Coast  + Florida  + Apartments  | 

TruAmerica Multifamily Continues East Coast Expansion

Los Angeles-based TruAmerica Multifamily acquired Arium Falcon Pines, a 300-unit apartment community in Orlando for $47.7 million. The property was purchased in joint venture with an institutional partner, and is part of an East Coast expansion strategy.

TruAmerica Multifamily’s Robert Hart says “The first step in our managed expansion was to focus on select East Coast growth markets where we could build scale and develop the necessary infrastructure to manage a growing regional portfolio.”

The property is being rebranded as Canterbury Cove, with planned upgrades to interiors. The gated, garden-style luxury apartment community is located at 10200 Falcon Pine Blvd. in East Orlando. It is made up of 13 two-and three-story concrete block residential buildings on a low-density 21-acre site.

CBRE represented the seller, a joint venture of the Carroll Organization and the Private Real Estate Group of Goldman Sachs Asset Management.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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