leftproperties.blogg.se - Trion real estate management

#TRION REAL ESTATE MANAGEMENT UPGRADE#
#TRION REAL ESTATE MANAGEMENT SERIES#

Max led Trion in the execution of several acquisitions in its first two years of existence and exiting the portfolio prior to the economic crisis. Following the first two closings, Max, along with partner Mitch Paskover, created the platform and formed the Company in 2006 to execute a business plan of acquiring mispriced and mismanaged properties throughout Los Angeles. Max launched the foray into investments with two acquisitions of value-add multifamily properties in 2005. Since founding Trion Properties, Max has led the acquisition, renovation and disposition of over $300,000,000 in mismanaged and distressed assets, primarily in multifamily, yielding an average IRR in excess of 30%. Max Sharkansky, co-founder of Trion Properties, oversees all aspects of acquisition, disposition, and property analysis for Trion Properties. Create a distinct Trion Properties look and feel among entire apartment portfolio.

#TRION REAL ESTATE MANAGEMENT UPGRADE#

Upgrade and develop aesthetic and amenities to appeal to higher-paying residents.Market to adults with the discretionary income to afford contemporary lodging.Transform various multifamily assets into clean, modern apartments.Trion generally will retain each asset for approximately three to five years following stabilization and/or cash out refinancing of the asset. Trion intends to renovate and stabilize each multifamily real estate asset within roughly 24 months following acquisition.Trion’s value-add renovations have included light cosmetic renovation to the common areas and interiors of the units, vacant buildings where all major systems need to be replaced due to several years of deferred maintenance, or acquiring nonperforming debt secured by multifamily real estate and/or lender real estate owned (“REO”) where diligence was limited or nonexistent. Trion’s business model over the last ten years has been to acquire opportunistic multifamily properties that require a specific strategy to improve the property and increase income and valuation. The firm redevelops underutilized apartment buildings in improving neighborhoods into modern thriving communities. Trion Properties is a forward thinking, vertically-integrated real estate investment firm. JKV's first fund incorporates 13 properties (2,352 units / 3,442 beds) in a nationwide real estate footprint with a 60/40 mix of multifamily/student housing Class A-/B+ assets 8 Joint Venture Partners.JKV’s diverse experience has included advising, purchasing and joint venturing across a portfolio of Class A, Class B and Class C properties specific to the multifamily and student housing segments.Joint Venture partners have included Balfour Beatty, Crow Holdings, Behringer/Harvard, Hudson Capital Partners, Rockstreet Partners and First Capital Advisors.

#TRION REAL ESTATE MANAGEMENT SERIES#

JKV, directly and along with a series of institutional and private equity partners, have purchased more than 25 assets nationwide since 2011.

The JKV senior partners have more than 130 years and $10B of combined multifamily and other real estate sector expertise the partners were former executives with JMB Realty, Heitman, Trammel Crow, PM Realty Group, Adams LaSalle, Hendricks & Partners, and JPI.

JKV is headquartered in Houston with additional offices in Chicago, West Palm Beach and Phoenix.

JKV is a dedicated real estate investment firm that specializes in multifamily and student housing properties.

Unique Strategy – Trion uses vertically-integrated entities to source funding for its acquisitions, develop and rehabilitate assets, perform ongoing general maintenance, and successfully manage its properties.

Attractive Investment Niche – Trion has expertise in purchasing and renovating neglected and undermanaged multifamily residences that require largely cosmetic upgrades in established West Coast markets.

Proven Track Record – Since inception, Trion has generated a historical net IRR of 43%+ on sold properties and an average equity multiple of 1.9x.

Trion is targeting annualized returns of 14% to 16%.

10% Preferred Return – - The Access Fund has negotiated to receive a 10% preferred return from Trion followed by 80% of the remaining profit.

Experience - Trion is a highly experienced investment manager with over 15 years of combined experience in west coast real estate markets and over $400 million in acquired assets.

Access to an Institutional Fund - The Access Fund provides individual investors with access to Trion with a $50,000 minimum investment.