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TruAmerica Enters Asheville, North Carolina, Apartment Market

May 8, 2024

Source: CoStar

Spoke Real Estate Capital, in conjunction with¬†TruAmerica Multifamily, made its debut in the Asheville, North Carolina, multifamily market with the acquisition of a 324-unit apartment complex. Spoke and TruAmerica plan to implement a strategic renovation program to enhance the property’s amenities and modernize its interiors. The acquisition aligns with TruAmerica’s investment strategy of targeting high-growth markets with strong economic fundamentals and job growth. Asheville’s robust economy, driven by tourism, healthcare, and education sectors, makes it an attractive investment destination for multifamily real estate.

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