Live Breaking News & Updates on Los Colinas|Page 8

DALLAS, TX – TruAmerica Multifamily has made its first investment in the state of Texas with the acquisition of Arbors of Las Colinas, a 408-unit Class B apartment home community in the Dallas suburb of Irving, TX.
“We were looking at numerous opportunities including Arbors three weeks after we opened the office in February, but the world changed and the market shut down in March with the onset of the Covid-19 Pandemic,” said Senior Director Ammanuel Metta who heads the Dallas office.   “While it was difficult to gain any transaction momentum for several months, we were closely monitoring market fundamentals and key data points to develop a strategy of how to work under the new normal. We eventually revisited with the seller and were able to find a pricing equilibrium that worked for both parties.” ....

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