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July 18, 2019
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Trion Properties Launches Second Investment Fund Vehicle


Trion Properties has launched Trion Multifamily Opportunity Fund II LLC, its second investment fund vehicle. The fund, which will target $50 mil in equity to deliver $150 mil 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 mil 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.”

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 mil in transactions.

“Our investors have historically seen returns exceeding 30% 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.”

Trion Properties’ second fund will acquire underperforming multifamily communities in supply-constrained, high-growth West Coast markets. The firm plans to drive value through heavy renovations, re-branding, and a hands-on management approach.

Trion’s current multifamily portfolio encompasses over 1,250 units across Los Angeles, San Diego, the Bay Area, and the greater Portland area. The firm is also seeking opportunities to acquire in Salt Lake City, Seattle, and Denver, notes Sharkansky.

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