TruAmerica Multifamily, LLC and Investcorp Bank B.S.C. (BAX:INVCORP) acquired 456-unit Waterleaf Apartments in San Diego from RedHill Realty Investors, L.P. and AEW Capital Management, LP for $86.2 million on January 8, 2015. The investment will benefit from attractive seven-year Freddie Mac fixed rate financing with full-term interest-only payments arranged by Trevor Fase and Mark Grace of Walker & Dunlop. John Chu and Ed Rosen of Cushman & Wakefield's San Diego Multifamily Advisory Group acted as real estate advisors for TruAmerica, Investcorp, RedHill Realty and AEW Capital.

TruAmerica Multifamily, LLC and Investcorp Bank B.S.C. (BAX:INVCORP) completed the acquisition of 456-unit Waterleaf Apartments in San Diego from RedHill Realty Investors, L.P. and AEW Capital Management, LP on January 8, 2015.