LOS ANGELES, CA -- TruAmerica Multifamily announced several significant personnel moves to manage the vertically integrated real estate investment platform’s rapid growth, highlighted by the promotion of Matthew Ferrari to Senior Managing Director responsible for acquisitions nationally, as well as the addition of former Bascom Vice President Christopher MacLeod, who joins the firm as Director of Acquisitions on the West Coast. The firm also added two new roles to its management team with Christopher Wei, Director of Portfolio Management, and Eryn Mack, Director of Human Resources.
“We take great pride in our ability to attract and retain best-in-class talent, from our leadership team who help keep us on course,” says firm founder and CEO Robert Hart. “TruAmerica’s success falls on the shoulders of these sharp young real estate professionals. Through their dedication and hard work, we have been able to enjoy remarkable growth over our first five years and successfully implement our investment strategy to consistently deliver solid, risk-adjusted returns to our investors.”
Founded in July 2013 with nine employees, TruAmerica has grown into one of the country’s largest multifamily investors managing a $7.5 billion portfolio that includes more than 35,000 units throughout the Western United States, Florida and the Mid-Atlantic region. Today the firm employs 43 professionals with offices in Los Angeles, Newport Beach, Washington, D.C., Orlando, Seattle and Denver.
Ferrari’s promotion underscores his rapid rise at TruAmerica since joining the company in August 2016 to open and run the firm’s Arlington, VA office. Since that time, Ferrari has helped build TruAmerica’s East coast portfolio in the Mid Atlantic and Southeast property markets, which have represented nearly 50 percent of the firm’s new acquisitions since mid-2016. Ferrari was previously Investments Director for AvalonBay Communities, Inc., out of the real estate investment trust’s Arlington, VA-based headquarters. There he oversaw acquisitions and dispositions in the Mid-Atlantic region. He began his career with Archstone after receiving his MBA from Georgetown University. Ferrari will continue to serve as General Manager of TruAmerica’s east coast operations.
Macleod joins TruAmerica as Director of Acquisitions, covering the Pacific Northwest, Arizona and Utah, after spending the last five years as a vice president for the Bascom Group. Macleod, a West Point graduate and former US Army officer, was responsible for the overall acquisitions process; from deal sourcing, underwriting and market analysis, to due diligence, creation of investment packages, and closing of multifamily communities throughout the West Coast. He was instrumental in more than $730 million of multifamily transactions and was also heavily involved in the administration of four discretionary funds. Macleod will be based in the firm’s Newport Beach office working alongside Zach Rivas, Director of Acquisitions who covers California, Colorado and Nevada for the firm. Rivas is a rising star with TruAmerica and was also recently elevated to a leadership role now covering all of California.
Eryn Mack Legette comes to TruAmerica as Director of Human Resources where she will lead the firm’s overall infrastructure, solutions and strategy for personnel. Prior to joining TruAmerica, Mrs. Mack Legette was a Human Resources Business Partner at ADP and was an Equal Opportunity Advisor in the US Army. She holds a Doctoral Degree in Organizational Leadership and Education from the University of Southern California and earned her BA and MA from Penn State University.
Christopher Wei has been tapped to oversee the firm’s new Portfolio Management group under the direction of Mark Enfield, Chief Administrative Officer. Wei began his career at TruAmerica as an Acquisitions Analyst and was most recently overseeing dispositions for the firm. In his new role as Director of Portfolio Management, Wei will oversee all post-acquisition transactions, re-financings as well as dispositions.
TruAmerica also announced two other key additions to the firm:
Greg Zartarian joins TruAmerica as Acquisitions Manager working out of the company’s east coast office in Arlington, VA under the direction of Ferrari. Previously, he was a Senior Financial Analyst at AvalonBay Communities. He holds a BA in Economics from Colby College and an MBA in real estate from Georgetown University.
Jeffrey Chan, joins TruAmerica in the Los Angeles office as Director, Asset Management where he joins a team responsible for the management of TruAmerica’s holdings in California, under the direction of Chief Operations Officer Lynn Owen. Previously he was an investment manager for Kairos Investment Management Company where he was responsible for managing a portfolio of 13 properties totaling 2,500 units. He has a BA in Economics from the University of California, Irvine.
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 $7.5 billion portfolio of approximately 35,000 units across prime locations throughout Northern and Southern California, Washington, Oregon, Colorado, Arizona, Nevada, Utah, Maryland and Florida. For more information on TruAmerica Multifamily, visit www.truamerica.com or call (424) 325-2750.