Dive Brief:
- As it continues to add properties across the country, TruAmerica Multifamily has announced multiple executive promotions to position the firm for growth across its flagship value-add investment platform and expand adjacent business lines, according to a press release shared with Multifamily Dive.
- Noah Hochman, a founding executive of the firm and currently co-chief investment officer, is being promoted to chief investment officer, where he will assume oversight of all investment activity nationally.
- Another founding executive, Mark Enfield, has been promoted to chief operating officer, overseeing national asset and portfolio operations and corporate governance and risk management. Managing Director of Acquisitions Wes LaBar, who currently oversees the Western U.S., will be executive managing director and head of acquisitions.
Dive Insight:
The promotions of Hochman, Enfield and LaBar are part of Los Angeles- focus on scaling its platform to meet the needs of the nation’s evolving residential landscape, CEO and President Bob Hart said in the news release announcing the moves.
“Together, they are driving the next phase of growth for TruAmerica — both in our flagship business lines and in our newer, complementary strategies,” Hart said.
TruAmerica has been very active in 2025, buying properties and announcing multiple new initiatives.
In September, TruAmerica announced that it had partnered with Manulife Investment Management on a $1 billion affordable housing joint venture that will be named Anchor Point Residential.
The new platform aims to acquire general partner interests in a geographically diverse portfolio of high-quality, income-restricted assets backed by Low-Income Housing Tax Credits, according to a news release.
To launch the new venture, the firms bought a 6,000-unit portfolio of 51 properties constructed between 2003 and 2023 and located across major metro areas in California, Texas and Washington.
“Over the past 18 to 24 months, the TruAmerica and Manulife IM teams received approvals to assume hundreds of in-place LP agreements, regulatory agreements, existing loans and approval from many states, counties and cities,” Hochman told Multifamily Dive in emailed comments.
In March, TruAmerica launched a Structured Finance vertical as a complement to its core value-add investment platform, according to a news release shared with Multifamily Dive. The firm hired real estate finance executive Ash Baraghoush to lead the operation as senior managing director.
Structured Finance follows another new TruAmerica vertical, Affordable Housing, which launched in mid-January. The new operation will launch equity and mezzanine debt operations across TruAmerica’s national footprint, with the goal of meeting market demand amid elevated interest rates and capital markets dislocation, according to the release
