Fund

Trion Multifamily Opportunity Fund I LA, Bay Area, San Diego, and Portland

Property
Type
Multi-Family
Investment Type
Fund
Asset Profile
Value Add
Min. Investment
$50K
Estimated Hold
5-8Y
Target Return (IRR)
14-18%
Target Annual Cash
10-12%
Target Equity Multiple
2x
 

Offered By

Trion Properties
Experienced Sponsor

Los Angeles, CA

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Assets Under
Management

Currently
$136.51MM
Exited
$102.53MM
Portfolio LTV
58%
Historical
Realized Returns

Total IRR
51.9%
Equity Multiple
1.6x
Annual Cash
0%
Years Of
Experience

As Principals
20+ years
In Business
47 years
Size
13 Staff
* All information is reported by Trion Properties as of 1/1/1970.
 

About this Fund

The Fund's investment objective is to acquire and physically improve, reposition, and refinance upon stabilization, thereby maximizing the value of the investment. The Fund specifically targets undervalued multifamily assets in primary markets with below market rents, in which have an opportunity to add-value through extensive interior renovations, strategic upgrades and amenities, and more efficient management. As a result, The Fund will raise in-place rents to market, thus maximizing the value of the property, and the return on the investment.
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Key Points

  • Assets that are in gentrifying urban-infill markets with strong fundamentals that create high job, population and rent growth.
  • Sellers who for various reasons are in some position of distress which requires them to dispose of the property quickly or in another manner that does not allow them to realize full market value. Examples of these distressed situations include, but are not limited to divorce, inheritance, partnership disputes, or legacy ownership mismanagement.
  • REO property from lenders who do not have the expertise, experience, time, and/or desire to take the necessary steps to maximize the property value.
  • The real estate may require repositioning, rehabilitation, repair, additions, or other improvements that will be accretive to the property’s value upon completion.
  • Acquisition price is typically below replacement cost and/or real market value.
  • The expectation at Acquisition is that the sum of the Acquisition price plus the Fund’s costs to repair/improve the property will be substantially below the expected future sales price by the Fund and/or would produce strong cash on cash returns when rented at expected levels.
  • Well located real estate that is expected to outperform the general market over time.
 

Financials

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Location Details

LA, Bay Area, San Diego, and Portland

This Fund will be targeting core markets in the western region United States. Locations include: Los Angeles, San Francisco Bay Area, San Diego, and Portland.

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Documents

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Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The first projected distribution is scheduled for Q4 2017.

Distributions are scheduled to go out on a quarterly basis.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to US-based accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

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Have a Question?

Send Trion Properties and/or RealCrowd a message. If you have a question about this offering ask Trion Properties. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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In the meantime, you can create an account to view detailed information about Trion Multifamily Opportunity Fund I.

In the meantime, please review the offering documents and financials.

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