TruAmerica Multifamily Acquires Nineteen01 Apartment Complex In Santa Ana, CA For $102.9M

The Nineteen01 apartment complex, located at 1901 East 1st Street in Santa Ana, CA, has been acquired by TruAmerica Multifamily in partnership with PCCP, LLC. The property was purchased for a total of $102.9 million. This multifamily asset consists of 264 units, resulting in a price per unit of $389,773. The property's prime location, close proximity to major freeways, and the city's ongoing revitalization efforts make it an attractive investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $102,900,000
• Address: 1901 East 1st Street, Santa Ana
• Market: Santa Ana
• Buyer: TruAmerica Multifamily (Noah Hochman & Robert E. Hart) in partnership with PCCP, LLC
• Broker: Shane Shafer (NorthMarq)
• Units: 264
• Price Per Unit: $389,773

This transaction showcases the involvement of key individuals and companies. TruAmerica Multifamily, led by Noah Hochman and Robert E. Hart, collaborated with PCCP, LLC to successfully acquire the Nineteen01 apartment complex. Shane Shafer from NorthMarq represented the buyer in this deal.