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Trion Properties Launches Debut Fund

Targets $30 Million in Equity for $100 Million in Buying Power
March 14, 2016
Trion Properties, a Los Angeles-based private equity firm that specializes in value-add multifamily investments, launched 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,” said 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.”

“We knew that launching a first time fund would be extremely competitive, and we had to prove ourselves from the start,” explains Sharkansky. “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, the other 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,” Paskover said. “Because we’re so focused, we bring a deeper expertise in this product type and geography than our competitors. By targeting urban infill projects, we’re limiting the downside and ensuring that our assets can weather economic storms.”

Trion’s current multifamily portfolio encompasses 720 units in its four targeted markets.

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