Originally founded in 1919, Village Green has
evolved from building single-family homes locally
into one of the nation’s largest privately held apart-
ment companies. Nearly 100 years later its goal has
remained the same: to help people “Live Better, Live
Social and Live Green.”
And while the name Village Green originally
symbolized the creation and management of
apartments that fostered a sense of community,
much like the historic village greens of England.
Today, it also represents a commitment to environmental sustainability and social responsibility—
the latter highlighted when the City of Detroit
bestowed upon the company the Spirit of Detroit Award for its contribution to the city’s economic revitalization.
Village Green assists owners in renovating and building communities using environmentally-friendly materials and energy efficient products, often incorporating 24/7/365 business centers that lead to reduced commuting, bike storage and repair facilities, green rooftops, as
well as air and water quality programs. Yet it wasn’t always a multifamily developer; it was only in the 1950s that the company began to expand
into apartment, condo and commercial building. Village Green Management Co. and the Village Green apartment brand was established in
1966 as a separate division exclusively for developing, building and managing communities. By the late 1970s Village Green was pushing
innovations in business, marketing, technology and design that over the course of nearly four decades transformed the company into a
national apartment industry leader. In 2011, Compatriot Capital, a division of Sammons Enterprises, Inc., became owners in Village Green.
Today, the company is under the stewardship of 1,300 associates and seasoned management team led by Diane Batayeh. A college
student when she joined the company in 1980 as a part time sales consultant, she is responsible for global and strategic initiatives and
planning for all the operating companies that comprise Village Green Holding. Barbara Hale, EVP of sales and marketing, has managed the firm’s sales and marketing initiatives for more than a decade. The VP of operations services, Mirriam Livingstone, began her
career with Village Green more than 25 years ago as a property manager. Her industry designations include CAPS and SHCM, and
she’s completed the National Apartment Assiciation’s Advanced Instructor Training program.
TruAmerica Multifamily was founded in 2013 on
the premise that repositioning class B apartment
communities presents a tremendous value proposition for investors. The company targets working
American renters living in markets where the supply and cost imbalances are the greatest. Since it
launched, the firm has acquired 96 properties and
has 151 assets under management. All together, it
manages a $7.9 billion portfolio of 37,240 units
throughout the Western and Eastern US.
The company is a partnership between industry
veteran Robert E. Hart and Guardian Life
Insurance Co. of America, a Fortune 250 company.
TruAmerica’s transformative moment took place in 2015, when it partnered
with an syndicate of institutions to acquire a 14-property, 2,669-unit portfolio for
$482 million in what was the largest multifamily buy in Southern California in
nearly two decades. Today, the firm continues to expand its holdings by selectively
acquiring, renovating, and effectively managing multifamily properties.
The company’s leadership team has been key to its success with each member
having at least 15-plus years of industry experience. Prior to founding TruAmerica
Multifamily, president and CEO Bob Hart spent 14 years as chief Kennedy Wilson
Multifamily Management Group.
As COO, 30-year industry vet Lynn Owen oversees all asset and construction
management and portfolio operations functions. Mark Enfield, chief administration officer, has 16 years of CRE finance experience. He is responsible for corporate strategy, governance and compliance, portfolio management, public relations and risk management. Both Owen and Hart are on
TruAmerica Multifamily’s Investment Committee, which Hart chairs. Noah E. Hochman is senior managing director for capital markets,
charged with sourcing equity capital, investor relations and debt strategy. He also oversees joint venture structuring and partnerships.
He, too, is a member of the firm’s Investment Committee. And in the firm’s Arlington, VA office, Matt Ferrari, senior managing director of acquisitions, evaluates national acquisition opportunities while leading TruAmerica’s Eastern US business operations.
Robert E. Hart Mark Enfield
Diane Batayeh Mirriam Livingstone Barbara Hale
Noah E. Hochman Matt Ferrari