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TruAmerica Multifamily Makes Its First Buy in the Lone Star State

12/23/20

TruAmerica Multifamily closed on its first investment in the state of Texas with the acquisition of Arbors of Las Colinas, a 408-unit Class B apartment home community in the Dallas suburb of Irving. The price was not given out.

Built in 1985, Arbors of Los Colinas is located at 10000 San Jacinto Dr and features a mix of one-, two- and three-bedroom apartment homes in 19, three-story residential buildings. Common area amenities include two resort-style pools with spas and cabanas, pet park, fitness center and courtyard areas with grills.

The property benefits from its location in Las Colinas, the second largest employment center in North Texas. Corporations in Irving, include AT&T, Citigroup, Allstate Insurance Company, Microsoft and General Motors and the property draws from the more than 120,000 people that work in the area.

Eric Calub, Greg Smith, Thad Wetterau and Paul Harris in the Dallas office of The Moran Company represented both parties in the transaction.





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