Manulife, TruAmerica Form $1B Affordable Housing Joint Venture

Manulife, TruAmerica form $1B affordable housing joint venture

The new platform, known as Anchor Point Residential, debuts with the acquisition of a 51-property, 6,000-unit portfolio.

Manulife IM and TruAmerica Form $1 Billion Affordable Housing Joint Venture

Manulife Investment Management and TruAmerica Multifamily have established a $1 billion joint venture focused on affordable housing preservation across the United States. The partnership, named Anchor Point Residential, launches with the acquisition of a 51-property, 6,000-unit portfolio constructed between 2003 and 2023, located in major metropolitan areas including Los Angeles, San Diego, Austin, Houston, and Dallas-Fort Worth. The joint ventu…