Connect News Commercial Real Estate news for every market and every facet, every day.
Connect Events Live and virtual events bringing together the best of information and networking.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Orange County  + Apartments  |  September 19, 2023
Paul Bubny
By: Paul Bubny

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.

Connect

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 GlobeSt.com 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).
Order Reprints

Apartment buildings for sale

Check out the latest properties available on apartmentbuildings.com

View all apartments
  • ◦Sale/Acquisition
New call-to-action
New call-to-action