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 $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 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, oversees all aspects of debt and equity placement and asset management for Trion Properties. 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 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 $1.8 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.
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.
Rudy Boroomand, Director of Finance/Corporate Controller, is responsible for all accounting, financial reporting, HR, and administrative functions for Trion Properties and its affiliated companies. He has more than a decade of experience in real estate from managing banking relationships, investor reporting, treasury management, systems management & implementation, lender compliance, and the timely completion of partnership tax returns and delivery of K-1s to investors. Since joining Trion Properties, Rudy has implemented appropriate internal controls, established policies and procedures, materially improved financial reporting, and has proven to be a vital asset to the acquisitions, leasing, property management, and executives at Trion.
Prior to joining Trion Properties, Rudy was the corporate controller for Realty Mogul, the leading online crowdfunding company sourcing debt and equity investments for accredited high net-worth individuals. During his tenure, he was responsible for all accounting and HR functions for this newly formed start up and worked closely with the asset management and operations teams on reviewing sponsor provided financials, completing routine updates to investors, and general ad hoc financial support. Before working at Realty Mogul, Rudy was the corporate controller for National Asset Services. Alongside the company’s founder, he helped start this $2bilion asset and property management company that represents over 90 ownership groups. In his role, he was responsible for both corporate and partnership reporting, worked closely with outside tax firms on the timely completion of partnership tax returns, provided financial support to the asset management team, handled all HR matters, and worked closely with the sponsor’s court appointed trustee on all financial and compliance matters.
Originally born in Michigan, Rudy and his family moved to southern California when he was a young child. He graduated from California State University Northridge where he earned a Bachelor's degree in Accountancy.