A Los Angeles-based investment firm, TruAmerica Multifamily, is set to introduce a new Structured Finance division to enhance its value-add investment platform. This strategic move follows the recent establishment of an Affordable Housing vertical in January. The company has appointed Ash Baraghoush, an accomplished real estate finance executive, as Senior Managing Director to spearhead this initiative. The new division aims to address market demands by offering equity and mezzanine debt solutions across TruAmerica's extensive national presence, particularly in response to current economic challenges such as high interest rates and capital market volatility.
The launch of the Structured Finance division underscores TruAmerica's commitment to diversifying its services. Baraghoush brings valuable experience from Pacific Urban Investors and Ares Management, where he played pivotal roles in structured finance. His expertise will enable the firm to expand its offerings and generate innovative opportunities for both investors and communities. TruAmerica plans to bridge equity gaps in multifamily acquisitions, recapitalizations, loan rebalancings, and development transactions, thereby supporting the growth of its portfolio.
Noah Hochman, Co-Chief Investment Officer and Head of Capital Markets at TruAmerica, highlighted the importance of this new offering in meeting ongoing equity needs in the multifamily sector. Robert Hart, President and CEO, emphasized that this expansion, coupled with the Affordable Housing initiative, demonstrates the company's dedication to adapting to market dynamics and delivering cutting-edge solutions.
TruAmerica Multifamily manages over $15.5 billion in assets across more than 60,000 units, spanning 16 states and over 30 markets. With the addition of Structured Finance, the firm is poised to further strengthen its position in the industry while continuing to pursue value-add, build-to-rent, and affordable housing strategies.
This strategic expansion reflects TruAmerica's proactive approach to addressing evolving market conditions. By integrating Structured Finance into its operations, the company aims to provide robust financial solutions that cater to diverse investor needs. Moreover, it reinforces TruAmerica's mission to support sustainable growth and community development through innovative investment platforms.