The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 24, 2022
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
TruAmerica Multifamily Picks Up 310-Unit Texas Apartment Community

5/04/22

TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving.

Rancho Mirage is TruAmerica’s ninth investment in Texas and its fourth in the Dallas/Fort Worth Metroplex since the Los Angeles-based multifamily investment firmed established a Dallas regional headquarters in December 2020 under the direction of Senior Director Ammanuel Metta.

Rancho Mirage is located at 1200 Hidden Ridge and features a mix of one- and two- bedroom apartment homes. Residents have access to a clubhouse with a 24-hour fitness center, racquetball court, billiards and game room and a business center. Other community amenities include a lap pool and outdoor gathering areas with barbecue stations.
TruAmerica plans to improve the property’s curb appeal and renovate interior units through a multimillion dollar capital improvement program.

“Despite the tremendous population growth that we have experienced here over the past several years, the relative affordability -- ratio of household income to rent -- is still well below other major metros in the sunbelt states,” said Metta. “Irving, in particular has been a magnet for renters. In addition to being the second largest employment center in North Texas with more Fortune 1000 corporations per capital than any other city in Texas, its central Metroplex location is an easy commute to jobs in Dallas, The Platinum Corridor and Fort Worth.”




Return to the previous page


 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media