Trion Properties has announced the close of Trion Multifamily Opportunity Fund II.
The firm’s second investment vehicle is allocated across value-added and opportunistic multifamily investments within submarkets that demonstrate strong growth fundamentals, according to Max Sharkansky, Managing Partner at Trion Properties.
“While we could not have anticipated the unprecedented events of this past year, we’ve always targeted locations that we believe, based on historic performance and current fundamentals, will thrive through up and down markets,” said Sharkansky. “Ultimately, our investment strategy proved resilient, and we were well positioned to take advantage of several opportunities over the last several months.”
Trion’s current portfolio includes more than $550 million in assets, which have generated an average internal rate of return in excess of 30 percent, noted
