<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3cCI1h_1Gw2VOq800" alt="https://img.particlenews.com/image.php?url=3cCI1h_1Gw2VOq800" width="717" height="403" ><figcaption>TruAmerica Multifamily has broken ground on its first ground-up development. Santa Clarita, California, stands out as one of the most compelling submarkets for apartment development in Southern California for the multifamily investment firm. It's benefiting from strong job growth driven by expansion in advanced manufacturing, aerospace and defense, healthcare, and logistics sectors.</figcaption></figure>TruAmerica Multifamily, one of the nation’s most active multifamily investment firms, has broken ground on its first new-construction community. Marking its entry into ground-up development, the 154-unit River Walk will bring a mix of market-rate and attainable housing to Santa Clarita, California. “River Walk represents an important milestone for TruAmerica as we expand our capabilities into ground-up multifamily development,” said founder and CEO Bob Hart. “Our development platform allows us to bring the same institutional discipline and long-term investment approach that has defined TruAmerica’s acquisition strategy to the creation of new housing. We are excited to bring River Walk to Santa Clarita and deliver a thoughtfully designed community that responds to the needs of today’s renters.”TruAmerica acquired the approximately 10-acre site in August and closed construction financing with First-Citizens Bank &amp; Trust Co. Northmarq’s Jim Fisher represented the buyer and the seller on the land purchase, while JLL’s David Pelaia arranged the construction loan.The community will feature 144 two-story townhomes as well as 10 affordable apartments. It also will include approximately 8,500 square feet of commercial and retail space. The first townhomes, which will offer residents additional space and privacy, are expected to be delivered spring 2028, with full completion by fall 2028.River Walk will be designed with an emphasis on indoor-outdoor living and the resident experience, according to TruAmerica. Residents will have access to a clubhouse with a fitness center and a resident lounge as well as a pool and spa, a tot lot, a dog park, and grilling areas. “Santa Clarita is a compelling market for new multifamily housing, and River Walk gives us an opportunity to create a community from the ground up that is tailored to the needs of the local market,” added Stuart Cramer, head of residential development at TruAmerica. “The combination of three-bedroom townhome apartments, affordable housing, resident amenities, and neighborhood-serving retail appeals to a wide range of renters and makes River Walk a differentiated addition to the Santa Clarita community. We appreciate the city of Santa Clarita’s community development staff for their partnership and constructive coordination in bringing River Walk to life.”The development will expand TruAmerica’s Southern California footprint, bringing the Los Angeles’ firm’s regional portfolio to approximately 21,000 units across 85 owned and managed properties. </div></body>

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TruAmerica Multifamily, one of the nation’s most active multifamily investment firms, has broken ground on its first new-construction community. Marking its entry into ground-up development, the 154-unit River Walk will bring a mix of market-rate and attainable housing to Santa Clarita, California. “River Walk represents an important milestone for...

TruAmerica Breaks Ground on First Ground-Up Multifamily Development

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TruAmerica Multifamily, one of the nation’s most active multifamily investment firms, has broken ground on its first new-construction community. Marking it

TruAmerica Breaks Ground on First Ground-Up Multifamily Development

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