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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.

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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.

  • ◦Sale/Acquisition
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