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Seattle & Northwest  + Washington  + Apartments  | 

TruAmerica Multifamily, Blackstone Team Up in $127M MF Deal

Los Angeles-based TruAmerica Multifamily and an affiliate of Blackstone Real Estate Income Trust, Inc. acquired a 635-unit multifamily portfolio with assets located in the Denver and Seattle metros. The transaction was valued at $126.5 million.

TruAmerica’s Noah Hochman says, “Blackstone has made a significant commitment to the Class B value-add multifamily space and together we have long been looking for the appropriate investment in which to partner.”

The roughly 94% occupied portfolio includes two apartment communities that have experienced little or no renovation since constructed in 1984 and 1991.

Properties include:
– Walden Pond, a 316-unit, golf course community at 9990 12th Ave. West in Everett, WA
– Montair, a 319-unit, garden-style community at 8901 Grant St. in Thornton, CO

TruAmerica and the unnamed seller were represented by CBRE’s John Hallgrimson, Eli Hanacek and Frank Bosl in the Walden Pond transaction and by Moran & Company’s David Moran and Pamela Koster in the Montair transaction.

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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