LOS ANGELES, CA - Veteran property management executive and Washington native Doug Vodder has joined TruAmerica Multifamily as Director of Capital Improvements, where he will be responsible for managing the construction and renovation projects for the firm’s rapidly expanding Pacific Northwest portfolio.
Vodder joins TruAmerica from the Seattle office of Greystar Real Estate Partners where during his tenure he supervised the maintenance and capital improvement programs on more than 5,000 apartment units in the region. Previously, Vodder was with Seattle-based Glacier Real Estate Services until the regional multifamily and commercial property management firm was acquired by Greystar in 2010.
The move reunites Vodder with TruAmerica Chief Operations Officer and former Glacier Real Estate Services Principal Lynn Owen.
“I can speak first hand to the expertise and professionalism Doug brings to this position,” said Owen. “As we aggressively grow our value-add portfolio in Washington and Oregon, Doug’s reputation and strong industry relationships throughout the Puget Sound will be invaluable in helping TruAmerica and its investors realize the upside potential of its investments.”
Since its founding in 2013, TruAmerica has been one of most active multifamily investors in the United States acquiring approximately 8,000 units with an aggregate value of $1.5 billion. The LA-based firm plans continued expansion throughout its targeted core Western U.S. markets including growing its existing 1,400-unit Pacific Northwest portfolio by more than 2,000 units in 2015.
About TruAmerica Multifamily: TruAmerica Multifamily is a vertically integrated value-add multifamily investment firm based in Los Angeles. Founded in July 2013 as a joint venture between Robert Hart and The Guardian Life Insurance Company of America, TruAmerica has been one of the country’s most active multifamily investors and manages a $3.5 billion portfolio of more than 16,500 units across prime locations throughout Northern and Southern California, Washington, Colorado, Arizona and Utah. For more information on TruAmerica Multifamily, visit www.truamerica.com or call (424) 325-2750.