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| Max Sharkansky |
Los Angeles, CA – Trion
Properties, a Los Angeles-based private equity firm that specializes in
value-add multifamily investments, has announced the launch of its first
investment fund vehicle.
The fund, which will
target $30 million in equity to reach $100 million in buying power, will invest
in the acquisition, improvement, and repositioning of undervalued multifamily
assets in four core markets, including Los Angeles, San Diego, the Bay Area and
Portland, Oregon.
“The time is right to
transition from a real estate syndication vehicle to a private equity fund
vehicle,” says Max Sharkansky,
Managing Partner and Co-Founder of Trion Properties.
“Preqin recently reported
that the biggest challenge facing private real estate fund managers in 2016
will be finding attractive investment opportunities.
"Our firm has a deep pipeline of opportunities
that we’ve already identified, and the shift to a private equity fund will
allow us to take full advantage of these opportunities as they arise,
increasing activity in our target markets.”
Trion Properties has
already closed over $100 million in transactions, demonstrating its pipeline
and strategic capabilities. To date, the firm has taken 20 properties full
cycle, averaging an internal rate of return of 30 percent.
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| Mitch Paskover |
“We knew that launching a
first time fund would be extremely competitive, and we had to prove ourselves
from the start,” explains Sharkansky. “Our returns to date have done just
that. We started by identifying deals in
our niche markets and raised capital from a small pool of investors.
“From there, we executed
on our strategy and successfully developed a proven track record that can help
us to demonstrate the potential that our platform presents to investors.”
The key to the platform’s
success lies in its hyper-narrow focus, according to Mitch Paskover, Managing Partner and Co-Founder of Trion
Properties.
“Our unique selling point
is our niche strategy. We invest in undermanaged multifamily properties in
supply-constrained markets with high barriers to entry,” says Paskover.
“Because we’re so focused, we bring a deeper expertise in this product type and
geography than our competitors. By
staying true to what we do best, we remain poised to deliver extremely strong
yields over time.”
For a complete copy of the company’s news release,
please contact:
Katie Kea / Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940
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