Trion Properties Launches Third Fund

 

Max Sharkansky

LOS ANGELES, CA – Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in value-add multifamily investments, has announced the launch of Trion Multifamily Opportunity Fund III, LLC, its third investment fund vehicle.

 The fund, which will target $75 million in equity to deliver $175-200 million in buying power, will primarily invest in the acquisition, improvement, and repositioning of undervalued and opportunistic multifamily assets in Western and Southeastern U.S. markets.

  Fund III anticipates acquiring 8-12 properties over its investment period.

 The launch of this fund comes on the heels of the closing of the firm’s second fund, which has 215 diverse investors, including accredited high net worth investors, RIAs, and family offices, and is allocated across value-add and opportunistic multifamily investments within growing submarkets demonstrating strong growth fundamentals, according to Max Sharkansky, Managing Partner at Trion Properties.

 

Mitch Paskover

“With our first two funds, we executed an investment strategy that proved quite resilient, which allowed us to take advantage of several significant opportunities during both incredibly strong and uncertain economic times,” says Sharkansky.

 “We are able to leverage our long-standing industry relationships to acquire these opportunities primarily through off-market transactions. 

"This enabled us to build a strong portfolio of communities, acquired for highly competitive prices, which were positioned to provide strong returns to our investors.”

 To date, the firm has acquired 64 properties and has completed more than $1 billion in transactions.

 Mitch Paskover, Managing Partner at Trion Properties adds, “Trion’s sole focus on our proven strategy of acquiring and repositioning undervalued multifamily assets in key markets, combined with our vertically integrated property management platform, has led to demonstrable success.

 "The average investor annualized return on our properties exceeds 30% annually, and all properties purchased with Funds I and II have either met or exceeded projections or are on pace to do so.

 "We will continue to implement this strategy on assets acquired with Fund III on an expanded scale.”

 Contacts:

Micaela Fehrenbach / Elisabeth Manville

Brower Group, Inc. 

The Smart Agency^® for Smart Clients who want Smart Work 

220 Newport Center Drive, Suite 22 · Newport Beach, CA 92660

(949) 438-6262

emanville@brower-group.com

Micaela Fehrenbach    

 Account Manager
O 949 438 6262 x8

http://www.trion-properties.com/