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Trion Properties still sees plenty of opportunity in the value-add multifamily space. The firm is launching a second fund, planning to raise $50 million in equity to create $150 million in buying power. Like the firm’s last fund, Trion Multifamily Opportunity Fund II will focus on multifamily properties in well-populated West Coast markets near job centers; however, the second fund will also look to expand into growing West Coast markets and purchase larger multifamily assets.

“As with our previous fund, we plan to focus on targeting underperforming multifamily communities in supply-constrained, high-growth West Coast markets, including the San Francisco Bay Area, greater Portland area, Los Angeles, and San Diego,” Max Sharkansky, managing partner at Trion Properties, tells GlobeSt.com. While our strategy remains essentially the same, we will potentially acquire larger-size assets with this fund. We have also been looking to expand our portfolio into additional Western cities, including Salt Lake City, Seattle, and Denver, where we have found similar long-term growth fundamentals as our current markets.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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