Staff Menu (IO ID#: 398704):
EDIT IO DOCUMENTS
Canceled
Multifamily
Fremont Multifamily
Fremont, CA
INVESTMENT STRATEGY
INVESTMENT TYPE
Equity
Add to Watchlist
Offered By Trion Properties
%* TARGET IRR %-%
* TARGET EQUITY MULTIPLE
Estimated Hold Period 5 Years
Estimated First Distribution 9/2017
*Please carefully review the Disclaimers section below, including regarding Sponsor’s assumptions and target returns
Project Webinar
Webinar coming soon
Project Summary
current
Explore this Project
Overview
Value-add acquisition in Fremont by an experienced Real Estate Company who currently owns four other apartment communities in the Bay Area.
Management
Cumulative Distributions

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/
  • Max Sharkansky, Managing Partner
  • Mitch Paskover, Managing Partner
Max Sharkansky, Managing Partner

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, Managing Partner

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.

Track Record

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      
Business Plan
Property
Photos

current
Financials
Documents
Offering Documentation

Disclaimers/FAQs
Disclaimers

INVEST TODAY

Questions?

(877) 781-7062

Contact Investor Relations
Join RealtyMogul
Gain access to commercial real estate deals across the country
Easily review, compare and invest in deals that meet your criteria
Build the real estate portfolio that’s right for you
Potential benefits include diversification, growth and passive income
ARE YOU AN ACCREDITED INVESTOR?
Password should be at least 8 characters, contain an uppercase character, a lowercase character, a number and a symbol.
Sign In
Don’t have an account yet? Join RealtyMogul
Please enter your email and password below.

Forgot Password?

Forgot Password
Enter your email address to receive a code to reset your password.
Enter the code sent to your email address below and your new password.

Resend Code