Mitch Paskover is a managing partner at West Hollywood, Calif.–based Trion Properties, a private equity investment firm that primarily acquires value-add real estate properties with an emphasis on multifamily. The company currently has more than $240 million in assets under management. Contact the author at [email protected].
The firm achieved IRRs of more than 25% on the East Bay assets.
The private real estate equity firm will target multifamily opportunities in the Southeast and the West.
The transaction brings the value-add firm’s Colorado unit count to nearly 700.
The private real estate equity firm has acquired a dozen properties during the investment period.
With rents flattening in Class A, investors are looking elsewhere.