Move demonstrates the firm’s need to bolster its leadership team as AUM has increased significantly over the past two years.
WEST HOLLYWOOD, Calif., and MIAMI, Fla., (April XX, 2023) – Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, announces that it has created the position of Director of Asset Management. The move demonstrates the firm’s need to bolster its leadership team as Trion’s assets under management have increased significantly over the past two years, according to Max Sharkansky, Managing Partner at Trion Properties.
“Following our strongest year ever in 2021, 2022 was an outstanding year of acquisitions for our company despite the headwinds of an uncertain economy, inflation, and rising interest rates,” says Sharkansky. “Given this robust growth trajectory, we seized upon the opportunity to establish an executive position to lead asset management for our developing portfolio and help guide us into our next phase of expansion.”
In 2022, Trion increased its total portfolio to 5,805 units within strategic geographies across the West Coast and Southeast. The firm added 11 new properties through nine transactions with a total acquisition value of over $489 million and successfully completed 8 disposition and 4 recapitalization transactions with a total value of $308,525,000.
To head the new department, Trion Properties has promoted Lauren Feder to the position. Feder, an accomplished financial and acquisitions specialist who joined Trion in 2019, most recently serving as an Acquisitions Associate, has been instrumental in completing several portfolio-level transactions, including refinancing, recapitalization, and acquisitions for the firm.
“Lauren’s remarkable business savvy and ability to navigate the nuances of the multifamily investment market have made her an invaluable member of our team,” notes Sharkansky. “Her contributions as a leader will help propel our assets to new heights as we continue on this exciting growth path.”
In the new position, Feder will be responsible for maintaining comprehensive oversight of the firm’s assets, including creating and implementing business plans and objectives, marketing, leasing, and renovation plans. She will develop an operational and capital improvement investment strategy for each Trion property, including budgets, forecasts, and monthly performance reports. In addition, she will closely monitor all elements of financial performance, analyze financial statements and make necessary operating adjustments toward achieving the firm’s leasing and revenue goals.
“Witnessing the Trion team utilize its unique expertise in transforming the multifamily assets we acquire into highly-desirable, quality communities is one of the most rewarding aspects of working for this firm,” says Feder. “For residents, it means they’ve found a better place to live. But for investors, that transformation is only the beginning of their journey. We believe the ROI can only be maximized when the properties are managed, maintained, and marketed properly. This is why Trion’s vertical integration is so appealing and rewarding to our investors.”
About Trion Properties
Founded in 2005, Trion Properties is a private equity real estate firm headquartered in Los Angeles, CA and Miami, FL.
Through its proven vertically integrated operating strategy, Trion targets opportunistic multifamily investments in key growth markets throughout the U.S. to increase net operating income and maximize investor returns. Since its inception, Trion has completed more than $1.4 billion in transactions with a portfolio of over $1 billion in assets, generating an average internal rate of return in excess of 25 percent.
Additional information on Trion’s team and investment strategy is available at https://trionproperties.com/.
Additional information on being a paid media sponsor to promote Trion is available at https://www.vibrantperformance.co/programs/trion-properties/