LARE 2017 Honoree
Real estate investment industry veteran Robert E. Hart is the founder, chief executive, and president of TruAmerica Multifamily, which has rapidly become one the nation’s largest, most-active and premier investors in apartment communities, with a growing portfolio exceeding 30,000 units.
Hart chairs TruAmerica Multifamily’s Investment Committee to skillfully select value-add assets for acquisition, repositioning, and eventual disposition to deliver outstanding risk-adjusted returns for the company and its institutional partners. His three decades of real estate experience includes key executive positions at various national and global real estate investment platforms, where he has overseen the successful acquisition and disposition of more than $10 billion in property assets.
Prior to founding TruAmerica Multifamily, Hart earned industry accolades as the transformational chief executive from 2000 to 2013 of Kennedy Wilson Multifamily Management Group, a part of the NYSE-listed Kennedy Wilson global real-estate concern. Hart envisioned and launched Kennedy Wilson’s value-add apartment portfolio strategy that profitably acquired and disposed of more than 20,000 units in 13 years, with a total transaction value of more than $4.5 billion. Hart also was a member of the Kennedy Wilson senior management team serving as its executive officer from 2010 through 2012. Kennedy Wilson went public in 2009 with a market cap of $400 million, and in 2016 reached a valuation of $2.39 billion, a major component of which is its holdings of multifamily residences.
Prior to his tenure at Kennedy Wilson, Hart was senior vice president of portfolio management for Global Real Estate Investment Management Firm Heitman Capital Management. At Heitman, he engineered the turn-around and disposition of a $500 million property portfolio on behalf of pension funds, endowments and domestic and foreign lenders. Previously, he served as Director of Real Estate marketing for Executive Life Insurance Company, where he was responsible for the orderly liquidation of more than $1 billion in real estate assets and securities.
Hart is a sought-after interview by leading publications, and has been featured in The Wall Street Journal, Bloomberg, The Los Angeles Times and nearly innumerable industry and trade media outlets for his insights into real estate markets.
Hart holds a Bachelor of Science degree in civil engineering from Worcester Polytechnic Institute in Worcester, Massachusetts and continues to serve his alma mater as a member of the Board of Trustees. He earned a Master of Business Administration degree from the Anderson School of Management at the University of California, Los Angeles.
Bob plays an active role in a variety of industry organizations as board member of the National Association of Home Builders Multifamily Division, National Multifamily Housing Council, UCLA Ziman Center for Real Estate and the Real Estate Investment Advisory Council. He is a member of the Urban Institute, and Association of Foreign Investors in Real Estate. He is also is an active voice in his community, committing his time and resources to improve the lives of those less fortunate. For nearly 15 years, half as Chairman, Bob has been a member of the board of directors of Chrysalis, a non-profit dedicated to creating a pathway for homeless and low-income individuals to find and retain employment in Los Angeles. He also is a board member of the Discovery Science Foundation, a nonprofit organization impacting the lives of children through hand-on science education.