
Trion Properties
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.
http://www.trion-properties.com/
Sponsor Portfolio | ||||||||||
Currently Owned Properties | ||||||||||
Property Address | City | Property Type | Date Acquired |
# of Units |
Square Feet | Status | Purchase Price |
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 |
Total | 728 | 63,088 | $87,588,848 | $106,773,440 | ||||||
Sold Properties | ||||||||||
Property Address | City | Property Type | Date Acquired |
# of Units |
Square Feet | Purchase Price |
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 | |
Realized Total | 801 | 57,254 | $50,342,454 | $55,515,926 | $67,055,510 | |||||
Combined Portfolio Total | 1,529 | 120,342 | $137,931,302 | $162,289,366 |