Trion Properties has launched a new value-add investment vehicle, Trion Multifamily Opportunity Fund III.
The fund, which will target $75 million in equity to deliver $175 million to $200 million in buying power, will primarily focus on the acquisition, improvement, and repositioning of undervalued and opportunistic multifamily assets in western and southeastern U.S. markets. Fund III anticipates acquiring eight to 12 properties over its investment period.
The launch of Fund III follows just months after Triton Properties closed its second fund at more than $28 million. Fund II garnered support from a pool of 215 diverse investors, including accredited high-net-worth investors, RIAs and family offices, and is allocated across value-add and opportunistic multifamily investments within growing submarkets demonstrating strong growth fundamentals, according to Max Sharkansky, managing partner at Trion Properties.
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