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Jul. 16, 2013

Robert E. Hart and Guardian Launch TruAmerica Multifamily

Los Angeles—Robert E. Hart, former president of Kennedy Wilson Multifamily Management Group, today announced he is launching an investment firm focused on acquiring, managing and rehabilitating Class B or better multifamily housing in the Western United States. TruAmerica Multifamily will merge the best talents in the industry with the substantial resources of The Guardian Life Insurance Company of America (Guardian). The goal will be to create a first class multifamily asset management operation and funding mechanism with the initial goal of building a portfolio of $1 billion in assets and investing $300 million into those acquisitions.

As president, CEO and founder, Hart brings his transaction experience and industry expertise from his 20-year career as one of the nation’s leading multifamily executives to TruAmerica Multifamily. “

Majority funded by Hart and Guardian, TruAmerica Multifamily will provide co-investment capital and also invest with other third party partners. Guardian and its subsidiaries are committed to helping individuals, families and businesses achieve financial security and protection. Guardian leverages its capital, financial strength* and strong balance sheet to identify attractive investment opportunities that are consistent with the long term interests of its policyholders by providing them with a competitive dividend.

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