Santa Ana Acquisition Among Region’s Largest Multifamily Deals of Past Year

TruAmerica Multifamily announced the acquisition of Nineteen01, a 264-unit apartment asset in Santa Ana, Calif., for $102.9 million. The class A property, which was acquired in partnership with PCCP, at a significant discount to replacement cost, includes a three- and five-story wrap building that was developed in 2016.

TruAmerica Multifamily has acquired Nineteen01, an apartment community in Santa Ana, Calif., for $102.9 million, in partnership with PCCP. The project was completed in 2016.