TruAmerica Multifamily Acquires 384-Unit Grove at Somerset from Harbor Group Management in New Jersey Deal

Los Angeles-based TruAmerica Multifamily has acquired the 384-unit Grove at Somerset multifamily community in Somerset, New Jersey from Harbor Group Management Management, according to an announcement published July 1, 2026.

Financial terms of the transaction were not disclosed.

Property Overview: Grove at Somerset

Grove at Somerset is a 384-unit multifamily community located in Somerset, New Jersey. The property type is garden-style multifamily. Additional details regarding unit mix, amenities, and prior ownership history were not confirmed in available sources.

About the Parties

TruAmerica Multifamily is a national, vertically integrated multifamily investment firm founded in 2013 and headquartered at 10100 Santa Monica Blvd, Suite 400, Los Angeles, California. The firm describes its mission as building better communities by addressing essential housing needs, and has grown into one of the larger multifamily owners and operators in the United States.

Harbor Group Management is the seller in this transaction. Further details regarding Harbor Group's disposition strategy, portfolio activity, or assets under management were not confirmed in available sources.

Sources

TruAmerica Multifamily — Harbor Group Sells 384-Unit Somerset Rental Property to TruAmerica (July 1, 2026)