Trion Properties focuses on potentially maximizing investor returns by increasing net operating income throughout the holding period through a hands-on management style of heavy renovation and aggressive lease-up. Trion Properties is a private equity investment company which acquires opportunistic real estate investments that need moderate to heavy rehab on a mid to long term investment horizon.
Founded in 2005, Trion has successfully closed over $160 million in transactions through either the purchase of the fee simple interest or taking ownership of the asset through acquiring the non-performing debt. Trion Properties is managed by principals whose combined experience spans over 20 years in West Coast real estate markets and is in excess of one billion dollars in transactions.
Max Sharkansky, co-founder of Trion Properties, oversees all aspects of acquisition, disposition, and property analysis for Trion Properties. Since founding Trion Properties, Max has led the acquisition, renovation and disposition of over $100,000,000 in mismanaged and distressed assets, primarily in multifamily, yielding an average IRR in excess of 30%. Max launched the foray into investments with two acquisitions of value-add multifamily properties in 2005. Following the first two closings, Max, along with partner Mitch Paskover, created the platform and formed the Company in 2005 to execute a business plan of acquiring mispriced and mismanaged properties throughout Los Angeles. 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. With cash on hand and no resources tied up in workouts, Max assisted in implementing an acquisition strategy of targeting distressed debt secured by multifamily, and distressed multifamily REO’s, which led to the ultra-successful campaign of the acquisition of 20 properties throughout the downturn. Since the recovery and the clearing of distress from the marketplace, Max has shifted strategies to the acquisition of value-add properties where value can be created through extensive renovations, hands-on management, and improvement of operating efficiencies.
Prior to co-founding Trion Properties, Max was a Senior Associate at Marcus & Millichap from 2002 through 2006. While at Marcus & Millichap, Max managed the sale of several million dollars in real estate throughout the continental United States, specifically in the multifamily arena, elevating him to one of the top-ranking brokers in Los Angeles, California.
His ability to seek out and acquire distressed multifamily properties and his expertise of the marketplace has been instrumental in the success of Trion Properties.
He graduated from Loyola Marymount University where he earned a Bachelor's degree in Business Administration with an emphasis on Finance.
Mitch Paskover co-founded Trion Properties with Max Sharkansky in 2005 when they acquired their first investment property in Los Angeles. Mr. Paskover oversees all aspects of debt and equity placement for Trion Properties as well as the overall development of the firm. Prior to co-founding Trion Properties, Paskover was a Managing Director in the Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.). Paskover has over eight (8) years of experience in commercial real estate finance. Paskover’s primary focus was on debt and equity transactions including multifamily, office, retail and hospitality properties with an emphasis on multifamily. During the course of his career in commercial real estate, Paskover has been involved in over $2.0 billion in commercial real estate transactions. He graduated from University of Southern California where he earned a Bachelor’s degree in Business Administration with an emphasis on Finance.
|Currently Owned Properties|
|Property Address||City||Property Type||Date
|Total Cost Basis||BOV/ Appraisal||Valuation Date|
|3536 Watt Ave||Sacramento, CA||MF||4/1/2013||128||-||2016 Sale||$4,900,000||$5,932,025||$10,000,000||2/1/2016|
|24510 Town Center Dr||Valencia, CA||Retail||10/22/2013||-||26,186||2016 Sale||$6,900,000||$7,900,000||$11,000,000||11/10/2015|
|5416 Jackson St||North Highlands, CA||MF||1/28/2014||185||-||2016 Sale||$9,300,000||$10,738,981||$16,000,000||1/15/2016|
|412 S Lake St||Los Angeles, CA||MF||8/1/2013||41||-||Cash-out Refi||$1,600,000||$4,181,454||$8,500,000||2/1/2016|
|4620 S Slauson Ave||Los Angeles, CA||MF||9/12/2014||28||-||Cash-out Refi||$6,750,000||$7,418,379||$10,000,000||2/17/2016|
|1802-1820 Pacific Coast Hwy||Redondo Beach, CA||Retail||11/24/2014||-||20,191||Stabilized||$5,781,250||$6,962,500||$9,800,000||7/10/2015|
|Penn St||Whittier, CA||N/A||6/1/2012||-||N/A||Entitlement||$1,100,000||$1,100,000||n/a||n/a|
|28955 Pacific Coast Hwy||Malibu, CA||Retail/ Office||2/28/2014||-||16,711||Renovating||$5,750,000||$7,500,000||n/a||n/a|
|1804 NE 104th St||Portland, OR||MF||5/14/2015||74||-||Renovating||$6,642,598||$8,122,000||n/a||n/a|
|3635 College Ave||San Diego, CA||MF||6/15/2015||98||-||Renovating||$9,650,000||$12,441,030||n/a||n/a|
|6180 Aldama||Los Angeles, CA||MF||7/31/2015||15||-||Renovating||$3,375,000||$4,113,253||n/a||n/a|
|2222 SW Spring Garden||Portland, OR||MF||8/14/2015||44||-||Renovating||$4,450,000||$5,713,266||n/a||n/a|
|324 S Catalina St||Los Angeles, CA||MF||11/23/2015||47||-||Renovating||$7,540,000||$8,245,741||n/a||n/a|
|23924 2nd St||Hayward, CA||MF||12/23/2015||30||-||Renovating||$6,650,000||$7,830,000||n/a||n/a|
|348 Estabrook||San Leandro, CA||MF||1/4/2016||38||-||Renovating||$7,200,000||$8,574,811||n/a||n/a|
|Property Address||City||Property Type||Date
|Total Cost Basis||Sale Value||Sale Date|
|909 Sunshine Ave||El Cajon, CA||MF||4/10/2013||22||-||$2,350,000||$2,619,213||$3,740,000||5/7/2015|
|3298 Mooney Blvd||Visalia, CA||Retail||12/31/2012||-||57,254||$2,746,650||$2,756,277||$4,000,000||6/1/2013|
|7629-7633 Normal Ave||La Mesa, CA||MF||11/20/2012||21||-||$1,900,000||$2,263,689||$3,580,000||6/9/2015|
|Arden Loan Portfolio||Sacramento, CA||MF||7/26/2012||224||-||$5,750,000||$6,085,860||$7,134,385||2/1/2013|
|1535 N Cedar Ave||Fresno, CA||MF||7/13/2012||124||-||$3,248,750||$4,435,709||$5,500,000||3/4/2015|
|4318 Avalon||Los Angeles, CA||MF||1/3/2012||11||-||$515,000||$563,902||$680,000||7/18/2012|
|2280 South Drive||Auburn, CA||MF||12/30/2011||16||-||$1,350,000||$1,727,568||$2,400,000||7/12/2012|
|210 43rd Place||Los Angeles, CA||MF||9/26/2011||30||-||$949,000||$1,040,393||$1,480,000||6/25/2012|
|8833 Tobias Ave||Panorama City, CA||MF||9/21/2011||20||-||$1,169,000||$1,278,675||$1,430,000||12/30/2011|
|225 N Avenue 53||Los Angeles, CA||MF||4/28/2011||20||-||$1,249,463||$1,526,243||$2,075,000||5/12/2012|
|4620 Coliseum||Los Angeles, CA||MF||12/17/2010||35||-||$1,800,000||$1,985,773||$2,550,000||12/29/2011|
|1324 57th St||Los Angeles, CA||MF||11/23/2010||14||-||$875,000||$977,018||$1,155,000||10/28/2011|
|6407 10th Ave||Los Angeles, CA||MF||5/5/2010||28||-||$1,500,000||$1,763,512||$2,125,000||7/29/2011|
|East West Bank Portfolio||Los Angeles County, CA||MF||8/14/2009||21||-||$725,000||$740,024||$960,000||9/1/2010|
|13490-13520 Foothill Blvd||Sylmar, CA||MF||6/4/2007||81||-||$11,150,000||$11,786,570||$12,850,000||7/1/2008|
|7445 Vineland||Sun Valley, CA||MF||4/10/2007||20||-||$1,867,125||$1,928,485||$2,250,000||8/5/2008|
|4632 Laurel Canyon (1)||Valley Village, CA||MF||3/20/2007||44||-||$5,225,000||$5,529,035||$4,851,125||5/29/2009|
|12717 Barbara Ann||North Hollywood, CA||MF||11/2/2006||24||-||$2,625,000||$2,800,887||$3,200,000||4/10/2009|
|417 W Los Feliz||Glendale, CA||MF||12/30/2005||34||-||$2,200,000||$2,444,000||$3,495,000||5/17/2007|
|7355 - 7359 Vineland||Sun Valley, CA||MF||12/28/2005||12||-||$1,147,466||$1,263,093||$1,600,000||4/11/2007|
|Combined Portfolio Total||1,529||120,342||$137,931,302||$162,289,366|
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