Dive Brief:

• Los Angeles-based Top 50 apartment owner TruAmerica Multifamily is deepening its management team with the promotions of five key executives to new senior-level positions in acquisitions, portfolio management, asset management, capital improvements and accounting as it continues its growth trajectory.
• The firm promoted Ammanuel Metta to managing director of acquisitions, Austen Mount to director of portfolio management, Erica Joseph to director of asset management, Airy Salgado to director of capital improvements and Meng Honsberger to controller, according to a press release shared with Multifamily Dive. 
• TruAmerica has been expanding on multiple fronts, including geographically in Texas and the Midwest and in the build-to-rent sector.“ Ammanuel Metta’s promotion reflects his senior-level responsibility for our growth and development in that region of the country, in addition to the staff we are adding in asset and construction management to support that growth,” Robert E. Hart, TruAmerica CEO, told Multifamily Dive.

Dive Insight:

The five new senior leaders have different focuses:

• Metta, who is based in Dallas and joined the firm in 2020, will focus on TruAmerica’s Texas and Midwest acquisition and growth strategy. During the pandemic, he led the acquisition of $780 million in assets, encompassing 13 properties in five new metros — Dallas, Austin, San Antonio, Houston and Columbus, Ohio. Five of these were sourced completely off-market.
• Mount, who is based in Los Angeles and joined the company in 2020, led a portfolio-wide software implementation that the company said will enable it to efficiently aggregate data utilizing business intelligence and benchmarking solutions that will benefit acquisitions underwriting and asset operations. 
• Joseph, who joined in 2021, has helped the firm increase and maximize portfolio performance in Las Vegas, where she is based, and Phoenix. She was instrumental in TruAmerica’s migration to the RealPage platform and developing numerous company operational policies and procedures. 
• Salgado, based in Los Angeles, will move from a construction manager role to director of capital improvements, where she will oversee unit interior renovations nationally. She joined the firm in 2021 and has been focused on multifamily unit renovations, a critical component of the company’s strategy.
• Honsberger, based in Woodland Hills, California, has held various roles in the accounting department since 2017, most recently as assistant controller. She has experience in system reviews, monthly close processes, financial reporting, general ledger accounting and financial analysis.

Hart said the recent slowdown in the lending market wouldn’t slow the company’s expansion. 

“We plan to continue our path of growth in fund management, value-add multifamily acquisitions nationally and overall property operations,” Hart said. 

In addition, the firm announced five other promotions: Katie Gonzalez became senior transactions manager, Ben Coden became senior portfolio analyst, Madeline Avillion became investor relations coordinator and Phoebe Luong and Sandra Omania became assistant controllers.

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