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Trion Properties Launches Its Third Multifamily Investment Fund

6/25/21

Trion Properties has announced the launch of Trion Multifamily Opportunity Fund III LLC, its third investment fund vehicle. The fund, which will target $75 mil in equity to deliver $175-200 mil 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.

“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 bil in transactions. According to Mitch Paskover, Managing Partner at Trion Properties, the average investor annualized return on their 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.

Fund III is targeting investor-level annualized returns of 13% to 15% over a 6-8-year period, with early “seed investors” receiving preferred economics. As with the firm’s first two funds, 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, Colorado, and the greater Portland Area. In addition to the Southeast, the firm is also seeking opportunities to acquire in Salt Lake City and Seattle, notes Sharkansky.






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