Los Angeles firm pays $187M for Baltimore-area apartment portfolio

A Los Angeles investment firm has paid $187 million for a 1,004-unit apartment portfolio spread out across the Baltimore area. TruAmerica Multifamily’s off-market transaction of the three apartment complexes marks its first deal east of Colorado. The buildings are the 158-unit Bayshore Landing in Annapolis, the 634-unit Sherwood Crossing in Elkridge, and the 212-unit Southfield in Nottingham. TruAmerica purchased the properties in partnership with MSD Capital LP, an investment firm controller Dell…

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