TruAmerica Multifamily acquired The Sto, a 179-unit Stoughton apartment community as part of a larger effort to expand into greater Boston’s multifamily market.

The Los Angeles-based firm already owns and manages 1,650 units in the Boston metro and has been active in the region for more than six years, according to a press release.

Nationwide, TruAmerica holds 65,000 apartment units across 16 states and more than 30 markets.

“Massachusetts continues to face acute housing affordability challenges, and greater Boston remains one of the most supply-constrained rental markets in the country,” said TruAmerica Chief Investment Officer Noah Hochman. “With homeownership in communities like Stoughton now more than double the cost of in-place rents, well-located rental housing is essential. The Sto’s large floor plans, transit access and quality construction align strongly with our mission of providing stable, attainable housing and strengthening the communities we serve.”

Completed in 2019, The Sto features one- and two-bedroom residences, including some loft or townhome layouts with private balconies.

CBRE’s Simon Butler and Patrick Stapleton arranged the transaction, and Ryan Greer and Spencer Beckwith placed permanent financing.