TruAmerica Multifamily Promotes Lynn Owen to COO

Rapidly growing Los Angeles-based multifamily investor also bolsters acquisitions, construction and asset management teams with key hires.

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TruAmerica Multifamily

Dec 18, 2014, 05:13 ET

LOS ANGELES, Dec. 18, 2014 /PRNewswire/ -- Los Angeles-based multifamily investment firm TruAmerica Multifamily has announced the promotion of Ms. Lynn Owen to Chief Operations Officer and the additions of Tom Jackson as Director of General Contracting, Ryan Hall as Asset Manager and Jeffrey Price as Acquisitions Analyst.

"Lynn has done a tremendous job unlocking and growing the value of the assets in our expanding portfolio through her insightful value-add programs and superior management expertise," said Robert Hart, President, Founder and CEO of TruAmerica.

Owen, with nearly 30 years of multifamily and commercial property management experience, will continue to oversee all asset and construction management operations for TruAmerica's $2.4 billion portfolio comprised of approximately 12,500 multifamily units located throughout the Western United States. Ms. Owen joined TruAmerica in March of 2014 and previously managed the Pacific Northwest Region for Greystar Real Estate Partners.

Since TruAmerica's founding in July 2013, the joint venture between industry veteran Hart and The Guardian Life Insurance Company has built an acquisition portfolio of 4,500 units valued at approximately $1 billion with an additional 3,266 units valued at $612 million of assets currently under contract to close by early 2015.

To accommodate its existing and future growth, TruAmerica also announced key additions to its acquisitions, and asset and construction management teams.

Tom Jackson joins TruAmerica as Director of General Contracting. With more than 20 years of construction experience Jackson will be responsible for the planning and execution of approximately $62 million of planned value add improvements to TruAmerica's California portfolio. Previously, Jackson held project management positions with Whitehorn Construction Inc. and McDuff Daniels Inc. where he directed construction projects on multifamily properties, hotels, military installations, schools and GSA facilities.

Ryan Hall joins TruAmerica as Asset Manager to oversee a portion of the firm's Southern California properties. Bringing nearly 10 years of relevant multifamily experience to TruAmerica's Asset Management team, Hall previously served as Vice President of Asset Management at Empire USA, which owns and manages 10,000 multifamily units in seven states. He spent the majority of his career as both an Asset Manager and Acquisitions Manager with Passco Companies LLC.

Jeffrey Price joins TruAmerica as Acquisitions Analyst. Previously, Price served in a similar position in the San Diego office of Marcus & Millichap. Price is a recent graduate of the University of California, San Diego, where he earned a BS in Economics.

About TruAmerica Multifamily

TruAmerica Multifamily is a vertically integrated value-add multifamily investment firm based in Los Angeles. Founded in July 2013, TruAmerica has been one of the country's most active multifamily investors, building a new acquisition portfolio valued at approximately $1 billion across prime locations throughout Northern and Southern California, Colorado, Arizona and Washington. For more information on TruAmerica Multifamily, visit www.truamerica.com or call (424) 325-2750.

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SOURCE TruAmerica Multifamily