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TruAmerica Multifamily, a national, institutionally-focused multifamily investment firm, announced it has acquired Charleston Hall, a 194-unit community in the Nashville MSA in an off-market transaction.

“The Nashville market was attractive to us due to a number of positive economic growth drivers that are subsequently producing increased demand for rental housing,” said Matt Ferrari, Head of Acquisitions and co-CIO of Los Angeles-based TruAmerica. “We continue to expand our presence in the Southeast to more than 40 properties and this acquisition is our third multifamily asset in the Nashville MSA.”