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TruAmerica targets Denver in $229 million apartment deal

Los Angeles real estate investor TruAmerica Multifamily has continued its metro Denver buying spree with two new apartment acquisitions. TruAmerica, in a partnership with Allstate Life Insurance Co., recently bought the 710- unit Berkshires at Lowry complex in southeast Denver and the 404- unit Ponderosa Villas . The acquisitions were part of a $229 million deal that also included an apartment complex in Renton, Wash. The seller was an affiliate of Boston- based Berkshire Property Advisors . “Attractive existing and projected economic fundamentals in Seattle and Denver provide an excellent value- add investment opportunity for this Berkshire portfolio ,” TruAmerica chief executive Robert E. Hart said in a statement. TruAmerica made its first appearance in Denver in April with the $55 million purchase of the 564- unit Tamarac Village Apartments . In its first year of operations, TruAmerica has acquired 10 properties totaling more than $550 million. Dan Woodward, David Potarf an...

US Concrete's (USCR) CEO Bill Sandbrook on Q2 2017 Results - Earnings Call Transcript

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US Concrete Inc (NASDAQ:USCR) Q2 2017 Earnings Conference Call August 08, 2017 10:00 AM ET Executives Kevin Kohutek - Vice President and Chief Accounting Officer Bill Sandbrook - President and Chief Executive Officer Analysts Trey Grooms - Stephens Inc Adam Thalhimer - Thompson, Davis Scott Schrier - Citi Craig Bibb - CJS Securities Stanley Elliott - Stifel Nicolaus Roresa Mojo - D.A. Davidson Operator Good day, ladies and gentlemen, and welcome to the U.S. Concrete, Inc. Second Quarter 2017 Earnings Conference Call . [ Operator Instructions ] I would now like to introduce your host for today's conference, Kevin Kohutek, Vice President and Chief Accounting Officer . You may begin. Kevin Kohutek Thank you, Israh. Good morning, and welcome to U.S. Concrete's Second Quarter 2017 Earnings Conference Call . Joining me on the call today is Bill Sandbrook, our President and Chief Executive Officer . Bill and I will make some prepared remarks, after which we will open the call to your ...