Current Properties in Fund III
Trion Multifamily Opportunity Fund III will primarily acquire multifamily assets with the opportunity to push value through the implementation of professional management practices and the execution of strategic capital expenditures that will culminate in strong value creation. The Fund does not intend to invest more than 25% of the capital commitments in any single investment or more than 20% of the capital commitments in ground-up construction of multifamily properties. The Fund will target IRRs of 12.0-15.0%, 6.0% – 8.0% cash-on-cash yield, and a 1.5x-2.0 equity multiple
Trion is an experienced sponsor with a proven business plan: The principals at Trion Properties have more than 30 years of experience in West Coast real estate markets, with over $1.0 billion in transactions. The Sponsor previously executed the same business plan for the Trion Multifamily Opportunity Fund I, and the Trion Multifamily Opportunity Fund II, which acquired and renovated Class C and Class B – properties in California and Oregon, and Colorado. Fund III will strategically target supply-constrained high-growth West Coast and Southeast markets.
The Fund offers investors diversity from multiple assets, is targeting a $75,000,000 raise, and anticipates acquiring 8-12 properties over the investment period. The Fund will acquire underperforming properties and seek to increase NOI by increasing rents through strategic interior and exterior renovations, rebranding of the properties, and hands-on management. Each asset will likely have a two-phase holding period starting with an 18-month reposition followed by 3-5 years of stabilized operations. The Sponsor has a competitive advantage by having in-house acquisition, project management, property management, debt sourcing, and construction teams.
- Product TypeMultifamily
- StrategyValue Add
- Offering Size$50,000,000 total$50,000 minimum investment$1,000 per unit
- Capitalization$160,000,000 total$50,000,000 equity
- Hold Time6-8 years
- Project Returns12.00-15.00% IRR8.00% cash-on-cash1.50-2.00x equity multiple
The Russell Apartments 2621 NE 7th Ave. Portland, OR 97212