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TruAmerica Snags Santa Ana Apartments for $103M 

TruAmerica Multifamily expanded its Southern California portfolio with the $102.9-million acquisition of Nineteen01, a 264-unit apartment asset located at 1901 E. 1st St. in Santa Ana. The Class A property, which was acquired in partnership with PCCP, LLC at a significant discount to replacement cost, was developed in 2016. 

Noah Hochman, Co-CIO and head of capital markets for TruAmerica, said, “Nineteen01 offers a multitude of investment drivers relating to its prime location, including its proximity to major freeways providing convenient access to all of Orange County.” 

Robert E. Hart, founder, CEO and president of TruAmerica, said, “The city of Santa Ana is undergoing significant revitalization, including the development of the nearby Santa Ana Regional Transportation Center, a planned streetcar system, and a proposed state-of-the-art soccer stadium. We believe this property fits nicely with the city’s plans for the future.” 

Shane Shafer of NorthMarq brokered the transaction. 

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.


Inside The Story

TruAmerica Multifamily's Hart

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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