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TruAmerica Multifamily Hires Chief Financial Officer

TruAmerica Multifamily, a Los Angeles-based value-add multifamily investment firm, has hired a new chief financial officer.

TruAmerica Multifamily, a Los Angeles-based value-add multifamily investment firm, has hired real estate finance veteran, Tim Siegman, to serve as chief financial officer.

Prior to joining TruAmerica, Siegman spent 13 years as the chief accounting officer at JRK Property Holdings, a privately held multifamily and hospitality investment firm.

After graduating from California State University, Northridge, he spent eight years at Kenneth Leventhal & Co., a real estate accounting firm that merged with Ernst & Young in 1995. Following the merger, Siegman entered corporate real estate as director of finance for Westfield Corporation.  His career also includes senior management roles at The Mills Corporation and American Realty Advisors.  He is a certified public accountant in the state of California.

“Over the course of his 35-year career, Tim has played an instrumental role in helping to meet and exceed the growth objectives of some of the largest real estate firms – both public and private — in the United States,” said founder and chief executive officer Robert Hart. “His institutional knowledge and experience in accounting, finance, reporting and internal controls will be invaluable to TruAmerica as we continue on our rapid growth trajectory.”

TruAmerica Multifamily, which has more than $18 billion in assets under management, closed on its first discretionary fund in December with $575 million in equity commitments from foreign and domestic insurance companies, public and private pension funds, global asset management firms and family offices.

Since its founding in 2013, TruAmerica has been one of the country’s most active multifamily investors and manages a portfolio of approximately 59,000 units across Arizona, California, Colorado, Florida, Georgia, Massachusetts, Maryland, North Carolina, Nevada, Oregon, Tennessee, Texas, Utah, Idaho, New Mexico and Washington.

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