NEW YORK CITY-A trio of residential development veterans hasjoined forces as Trio Partners with an eye toward capitalizing oncurrent market opportunities. They’re also launching a nationalmultifamily brand, Trio Properties, and cofounder Pamela F. Samuelstells GlobeSt.com the company expects to be announcing its firstdeals before 2010 is done.
TRIO Partners aims to focus on repositioning existingmultifamily and hospitality projects as well as on developing newones in key markets along the coasts and in resort areas, and hasplans to complete several luxury condominium projects in theNortheast in partnership with financial institutions. “It’s reallynot enough anymore to just foreclose on assets,” Samuels says. “Youneed capable operating/development partners.”
She adds that the Trio principals, which also include Robert A.Levine of RAL Cos. and David J. Wine, formerly vice chairman of theRelated Cos., are “fortunate to have the trust of many primaryinstitutions. They have been actively seeking to partner withus.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.