TruAmerica Multifamily has expanded its Greater Boston footprint with the acquisition of The Sto, a 179-unit apartment community located in Stoughton, MA, for an undisclosed sum. With this deal, TruAmerica has completed $2.5 billion of combined transaction volume in 2025.
This latest acquisition underscores the firm’s commitment to delivering attainable, high-quality rental housing in supply-constrained Northeastern markets. With 1,650-plus units owned and managed in the Boston metro, TruAmerica has been active in the region for more than six years.
“Massachusetts continues to face acute housing affordability challenges, and Greater Boston remains one of the most supply-constrained rental markets in the country,” said TruAmerica CIO Noah Hochman. “With homeownership in communities like Stoughton now more than double the cost of in-place rents, well-located rental housing is essential.”
The transaction was arranged by CBRE’s Simon Butler and Patrick Stapleton. Permanent financing was placed by Ryan Greer and Spencer Beckwith, also with CBRE.
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