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Multifamily Opportunity Fund III

Why search for a multi-family building for sale when you can invest in several at once?!

 

Current Properties in Fund III

 

• Azure at Riverside, Atlanta, GA  →

 

• Terra Village, Edgewater, CO →

 

• Art 88, Miami Springs, FL →

 

The Russell Apartments, Portland, OR →

 

Crescent Commons, Fayetteville, NC →

 

Patterson Court, Orlando, FL →

 

Loft 9, Denver, CO →

 

• Latitude at West Ashley, Charleston, SC →

 

ReNew Carmichael, Carmichael, CA →

 

• Altamonte at Spring Valley,  Altamonte Springs, FL →

 

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 including California, Florida, South Carolina, North Carolina, Oregon, and Colorado.

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.

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  • Product Type
    Multifamily
  • Strategy
    Value 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 Time
    6-8 years
  • Project Returns
    12.00-15.00% IRR8.00% cash-on-cash1.50-2.00x equity multiple

Documents

Current Assets

  • The Russell Apartments 2621 NE 7th Ave. Portland, OR 97212