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West Coast Investor Picks Baltimore for First East Coast Multifamily Acquisition

TruAmerica Partners With MSD Capital to Acquire 1,004-Unit Portfolio for $187 Million
By Tracey Horstmann
May 3, 2016 | 2:48 P.M.

Los Angeles-based multifamily investment firm TruAmerica Multifamily scored its first investment on the East Coast, teaming up with New York City-based MSD Capital to acquire a 1,004-unit portfolio in suburban Baltimore, MD, from Klingbeil Capital Management for $187 million, or approximately $186,000 per unit.

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News | West Coast Investor Picks Baltimore for First East Coast Multifamily Acquisition