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TruAmerica Enters Asheville, North Carolina, Apartment Market

Investor Picks Up 252-Unit Westmont Commons for Nearly $50 Million

Westmont Commons, a 252-unit apartment complex in Asheville, North Carolina, traded hands for nearly $50 million. (CoStar)
Westmont Commons, a 252-unit apartment complex in Asheville, North Carolina, traded hands for nearly $50 million. (CoStar)

TruAmerica Multifamily and partner Spoke Real Estate Capital have purchased an apartment property in Asheville, North Carolina, for nearly $50 million. The deal represents TruAmerica’s expansion of holdings in North Carolina, and first purchase in Asheville.

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