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| San Francisco Bay Area |
Los Angeles, CA (Feb. 8,
2016) – Trion Properties, a Los Angeles-based boutique private equity firm that
specializes in opportunistic real estate investments along the west coast, has
acquired two value-add multifamily assets in the East Bay, the most highly
populated region of San Francisco’s Bay Area.
The two acquisitions, a
30-unit apartment community in Hayward, California and a 38-unit complex in San
Leandro, California, add $13.58 million to Trion Properties’ portfolio of more
than $100 million in assets under management.
“Sourcing two value-add
properties in these prime East Bay locations demonstrates our ability to add
outstanding opportunistic assets to our existing investment portfolio,”
explains Farhan Mahmood, Director of
Acquisitions at Trion Properties.
“Situated within close
proximity to the Silicon Valley, San Francisco, and Oakland job markets, these
apartment communities provide easy access to thousands of jobs for renters who
are being pushed out of the central Bay Area due to high rents.”
For a complete copy of the company’s news release,
please contact:
Katie Kea / Judy Brower
Brower, Miller & Cole
(949) 955-7940
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