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| Max Sharkansky |
LOS ANGELES, CA (Sept. 5, 2018) – Trion Properties, a private equity real estate firm that
specializes in value-add multifamily investments in four niche markets along
the west coast, has announced the launch of Trion Multifamily
Opportunity Fund II, LLC, its second investment fund vehicle.
The fund, which will target $50 million in equity to deliver $150 million
in buying power, will invest in the acquisition, improvement, and repositioning
of undervalued multifamily assets in high-growth markets along the West Coast.
The launch of this fund comes on the heels of the closing of the firm’s
debut fund, which has over 100 investors, including accredited high net worth
investors, RIAs, and family offices, and is allocated across value-add
multifamily investments within growing submarkets demonstrating strong
fundamentals in the Bay Area and greater Portland area.
“With our first fundraising effort, we were testing the waters with
regard to how our investors would allocate to a fund,” explains Max
Sharkansky, Managing Partner of Trion Properties.
“The result was
$13.5 million raised from purely high net worth individuals, which provided
ample buying power to build a strong portfolio of several smaller communities,
acquired for highly competitive prices, primarily through off-market
transactions.”
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| Mitch Paskover |
Trion Properties was founded in 2005 by Sharkansky and fellow Managing
Partner Mitch Paskover, who have over 30 years of combined experience in
the commercial real estate industry.
To date, the firm has already closed more than $300 million
in transactions.
“Our investors have historically seen returns exceeding 30 percent
annually and all properties purchased with Fund I are meeting or exceeding
projections,” says Sharkansky.
“We are confident that the properties acquired
with our first fund will achieve the targeted investor level of returns long
term.”
CONTACTS:
Lindsay Mackay / Elisabeth Manville
Brower Group
(949) 955-7940
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