Stella Pappas has joined TruAmerica Multifamily as senior managing director and head of investor relations, announced Noah Hochman, co-chief investment officer and head of capital markets.
Pappas, with nearly two decades of real estate investment experience, will be responsible for all facets of the firm’s fundraising efforts and investor relations program and will serve on the firm’s investment committee. Pappas, will continue building out TruAmerica’s investor relations team and report directly to Hochman, who has led TruAmerica’s corporate equity and debt strategies since 2016.
The Los Angeles-based real estate investment firm has grown to become one of the largest multifamily landlords in the United States. TruAmerica, whose portfolio includes approximately 60,000 apartment homes throughout the United States, recently launched a Build-for-Rent development division to build townhome and single-family rental communities.
Prior to joining TruAmerica, Pappas was vice president, investor relations at Waterton, a Chicago-based real estate investment firm. She played a key role in helping the firm achieve its fundraising target for its flagship multifamily fund in 2021 and was responsible for the firm’s capital raising efforts across the eastern U.S. and select markets abroad.
She spent most of her career with Allstate Investments, the private equity real estate acquisitions and asset management arm of the largest publicly held insurance company in the United States. There she co-launched the direct real estate equity platform and sourced, structured, underwrote and managed $3 billion of fund investments and joint venture partnerships
Pappas earned her BA degree from DePaul University and an MBA from Northwestern University, Kellogg School of Management. She is an active member of the National Multifamily Housing Council and of the Pension Real Estate Association, where she serves on the Membership Committee. Pappas is also serves as a long-time mentor for the scholars of the Goldie Initiative.