Trion focuses on 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. Since its inception in 2005, Trion has generated an average internal rate of return in excess of 30%. 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 two hundred million dollars in transactions through either the purchase of the fee simple interest or taking ownership of the asset through acquiring the nonperforming debt. Trion Properties is managed by principals whose combined experience spans over 20 years in West Coast real estate markets and in excess of $1 billion in transactions.
Product TypeValue-Add multifamily requiring physical or management reposition.
Size$10,000,000 - $150,000,000
Target MarketLos Angeles, San Diego, Bay Area & Portland
Returns15%+ leveraged internal rate of return
Hold PeriodThree to Seven Years
Transaction StructureGenerally, no financing contingency, 14-day due diligence with a 14-day close thereafter.
Broker ProtectionBrokers will be protected on all qualified submissions. Property need not be listed for sale.
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 $300,000,000 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 2006 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-founder of Trion Properties, has responsibility for the financial activities of the firm, including work on acquisitions, dispositions, asset management and expansion planning. Paskover brings his 18 years of experience in the multifamily industry to bear on this role. Since co-founding Trion in 2006, he has helped direct the acquisitions of 42 properties consisting of over 2,050 units valued at $350 million. He was also instrumental in the raising of Trion’s first fund, Trion Opportunity Fund I.
During the course of his career in commercial real estate, Paskover has been involved in over $2 billion in commercial real estate transactions. Prior to co-founding Trion Properties, Paskover was a Managing Director in the Los Angeles office of HFF. His primary focus was on debt and equity transactions including multifamily, office, retail and hospitality properties, with an emphasis on multifamily.
As a company leader, Paskover values Trion’s relationships, strong reputation, and employees as keys to its continuing growth and success. He takes pride in the positive returns Trion has created for its investors.
Paskover is a recognized industry expert, serving as a panelist and moderator at high-level commercial real estate conferences, as well as an industry spokesperson in major national media. He graduated from the University of Southern California with a Bachelor of Science Degree in Business Administration with a Finance concentration, and is a licensed California Real Estate Broker.
Farhan Mahmood is responsible for sourcing, structuring and financing Trion Properties investment opportunities. He has over 7 years of commercial real estate experience in valuation, disposition and acquisitions of numerous property types nationwide. Since joining Trion Properties, Mahmood has successfully initiated acquisitions of non-performing loans, REOs and value-add multifamily and commercial projects that have led to stellar returns for Trion investors.
Prior to working at Trion Properties, Farhan Mahmood was an integral member of the commercial group at Auction.com Commercial, a distressed debt and REO sales platform. There he was responsible for the sourcing, management and sales of over $500MM in distressed real estate assets for special servicers, banks and institutional sellers.
He began his career in the real estate valuation and consulting practice of Duff & Phelps. There Mahmood completed valuation analysis on high-rise office buildings, luxury apartments, senior housing, condominium developments, regional malls, industrial parks, hotels and other special use properties as a third party underwriter for Pension Funds, REITS, investors and banking institutions. Projects included the valuation of the $3.2 Billion CalPers CURE (California Urban Real Estate) portfolio, the Downtown Los Angeles G.H Palmer Portfolio and Dodgers Stadium among others.
A native of Southern California, Farhan graduated from the University of Southern California with a Bachelor's Degree in Business Administration with dual emphasis in Real Estate Development and Real Estate Finance.
Andrew Lucas is responsible for sourcing new investors and maintaining relationships with current Trion Investors. Andrew has extensive experience in finance, investor relations, and both commercial and residential real estate. He has spent his career being a trusted resource for his clients.
Prior to joining Trion, Andrew was a Vice President at Wilshire Finance Partners where he led the firm’s capital raising efforts. Andrew was instrumental in the launch and growth of two real estate debt funds and in establishing relationships with multiple institutional companies. Before moving to Wilshire, Andrew was a multifamily real estate broker at Colliers International and was a key member of Colliers’ top producing brokerage team in greater Los Angeles.
He began his career as a loan officer with NVR Mortgage where he originated and closed residential purchase mortgages for Ryan Homes, one of the nation’s largest home builders. While at NVR Andrew was inducted into the prestigious President’s Club which honors achievements in capture rate, customer service, and profitability.
Andrew is active in his community and is a board member of The Wildwoods Foundation, a Los Angeles based non-profit and was the head coach of Pepperdine University’s Men’s Club Lacrosse team from 2012-2014.
Andrew holds a Master of Business Administration from the University of Baltimore and a Bachelor Degree in Communications from the University of North Carolina