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Nat Levy
Real Estate Reporter
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January 9, 2014

Real Estate Buzz: TruAmerica Multifamily says there's money to be made in Class B apartments

By NAT LEVY
Real Estate Reporter

Robert Hart has started a new company to look for undervalued apartments in hot markets along the West Coast, including in the Seattle area.

He spent 13 years as president of Kennedy Wilson Multifamily Management Group, overseeing 30 apartment complexes on the West Coast, before deciding to start the new venture. Last July Hart formed a partnership with Guardian Life Insurance Co. of America called TruAmerica Multifamily that is buying and renovating apartments on the West Coast. The strategy is to look for properties outside the hottest neighborhoods that — with some upgrades — could attract tenants who are being priced out of those hot spots.


 
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