TruAmerica Buys 2 LA Assets
One of the properties includes co-living suites.
TruAmerica Multifamily has purchased Luxe Villas and Haven Apartments, two assets comprising 157 units in Brentwood, Calif., in the Los Angeles metro. Institutional Property Advisors brokered the deals and advised on debt acquisition.
WS Communities and Gortikov Capital previously owned the 60-unit Luxe property in Brentwood, Calif., according to Yardi Matrix data. The duo implemented a $4.1 million value-add strategy, renovating the 2006-completed property prior to its divestment.
The community includes mostly two-bedroom units, but also 18 co-living suites. Amenities comprise a rooftop lounge, a central courtyard with lounge and EV charging stations, among other features.
TruAmerica intends to maintain the existing unit structures, Executive Managing Director & Head of Acquisitions Wes LaBar told Multi-Housing News.
READ ALSO: Will Multifamily Investment and Development Volumes Grow in 2026?
The other acquired asset, dubbed Haven Apartments, is a 97-unit community in Culver City, Calif. Cityview developed it with the help of a $45 million construction loan issued by PNC Bank in 2017, the same data provider shows.
Delivered in 2019, the property comprises 13,183 square feet of ground-floor retail space, in addition to studio and one- to three-bedroom floorplans that average 1,044 square feet.
Located at 11924 Washington Blvd., Haven is about 6 miles from Luxe, both properties being on average 14 miles west of downtown Los Angeles. Interstate 405 runs within less than 2 miles of each community.
IPA Executive Managing Directors Kevin Green, Joseph Grabiec and Gregory Harris brokered the sales on behalf of TruAmerica, while Executive Managing Director Brian Eisendrath and Managing Director Jake Vitta negotiated the acquisition financing.
TruAmerica Multifamily is one of the largest multifamily owners in the U.S., with a portfolio of 65,000 apartments across more than 35 markets in 16 states. Primarily focused on value-add investment plays, the firm is also active across development and structured finance, as well as the affordable sector.
L.A. multifamily investment keeps improving
Investors traded more than $3.4 billion throughout Greater Los Angeles in 2025, according to Yardi Matrix data. The sales volume marked a 26 percent growth compared to the $2.7 billion recorded in 2024, which also witnessed a 31 percent increase over 2023’s value. However, last year’s figure was still 3.1 percent below the 15-year annual average.
“After a period of new supply-driven softness, L.A. multifamily fundamentals have begun to stabilize. Cap rates have largely settled and institutional investors are showing a renewed interest…,” LaBar told MHN.
“Heading into 2026, we anticipate this trend to continue, with capital concentrating in “A” locations within the strongest Los Angeles submarkets,” he continued.
