TruAmerica Multifamily is adding to its holdings on the Westside with two multifamily property acquisitions.
Century City-based TruAmerica purchased the Luxe Villas and Haven Apartments, comprising 157 units, for an undisclosed price, Multi-Housing News reported. WS Communities and Gortikov Capital sold the 60-unit Luxe Villas at 11640 Mayfield Avenue in Brentwood, while Cityview offloaded the 97-unit Haven Apartments at 11924 Washington Boulevard in Culver City.
At Luxe Villas, WS Communities and Gortikov Capital invested $4.1 million in renovations. The property consists largely of two-bedroom units as well as 18 co-living suites. Amenities there include a rooftop lounge, a central courtyard with seating and electric vehicle charging stations.
Cityview developed Haven Apartments with the help of a $45 million construction loan from PNC Bank. The property, opened in 2019, includes 13,183 square feet of ground-floor retail space below studio, one-, two- and three-bedroom apartments averaging 1,044 square feet.
TruAmerica intends to maintain the existing buildings, Wes LaBar, the company’s head of acquisitions, told Multi-Housing News. The company is one of the largest multifamily owners in the U.S., holding roughly 65,000 apartments across more than 35 markets in 16 states. TruAmerica is no stranger to Los Angeles, having owned and managed more than 6,700 units across 47 properties in L.A. The firm primarily focuses on value-add investments, according to Multi-Housing News.
Multifamily investment in Los Angeles has been on a post-pandemic upswing even as Measure ULA and rising vacancy rates exert pressure on firms looking to buy. The amount of multifamily units sold in L.A. County increased in both 2024 and 2025 since hitting a post-pandemic low in 2023, according to a fourth-quarter report from Kidder Mathews. Almost 30,000 units across L.A. County traded hands in 2025, up from fewer than 20,000 units in 2020.
Investors in Greater Los Angeles spent more than $3.4 billion on multifamily properties last year, per Yardi Matrix data cited by Multi-Housing News. It’s a 26 percent increase compared to the $2.7 billion recorded in 2024, which itself was a 31 percent increase over 2023.
“After a period of new supply-driven softness, L.A. multifamily fundamentals have begun to stabilize,” LaBar told Multi-Housing News, saying the firm “anticipate[s] this trend to continue” in 2026 “with capital concentrating in ‘A’ locations within the strongest Los Angeles submarkets.”— Chris Malone Méndez
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