TruAmerica Opens East Coast Office, Taps New Director

The firm recently expanded into the East Coast with the acquisition of three Maryland properties for $187 million.
Matthew Ferrari, director, TruAmerica

Matthew Ferrari, director, TruAmerica

Washington, D.C.—Los Angeles-headquartered TruAmerica Multifamily recently opened its first East Coast office in Washington, D.C., under the direction of Matthew Ferrari.

“Real estate is a local business, and as we expand our investment platform across the United States, it was a logical and inevitable step to have boots on the ground on the East Coast,” said Bob Hart, founder & CEO of TruAmerica, in a prepared statement.

Founded in 2013, the value-add multifamily investment firm owns a portfolio in excess of 17,000 units. After investing in California, Oregon, Washington, Nevada, Arizona, Utah and Colorado, TrueAmerica recently took a dip on the East Coast with the acquisition of three Maryland properties for $187 million. The company currently owns around 65 properties and has 140 assets under management.

Ferrari joins the company from AvalonBay Communities, where he served for almost four years as investments director. Prior to that role, he worked for Archstone as management development associate and operations director. He holds a B.S. in business management from Skidmore College and a master’s degree in business administration from Georgetown University’s McDonough School of Business.

Image via LinkedIn