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TruAmerica, Intercontinental Claim Largest La Mesa TOD MF

TruAmerica Multifamily, in partnership with Intercontinental Real Estate Corporation, acquired the leasehold interest in the largest transit-oriented development in San Diego County. The property involved is Alterra & Pravada, a 527-unit multifamily community at Grossmont Station in La Mesa, CA.

TruAmerica’s Robert E. Hart says, “ A high-density, transit oriented development such as Alterra & Pravada is an example of smart growth and sustainability principles that promote housing affordability, and reduce traffic congestion on our streets and highways.”

CBRE’s Kevin Mulhern, Rachel Parson, Stewart Weston and John Montakab represented the buyers, as well as the seller, Fairfield Grossmont Trolley LLC, an entity of San Diego-based Fairfield Residential.

Completed in 2010 by Fairfield Grossmont Trolley, in partnership with the Metropolitan Transit Authority, the LEED Gold certified community features one-and two-bedroom units situated in six, four-story buildings on a high-density eight-acre site. Of the 527 units, 15% are dedicated for rent to moderate and very low housing wage earners.

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Connect With TruAmerica’s HartConnect With Fairfield Grossmont Trolley LLCConnect With CBRE’s Mulhern

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.