LOS ANGELES—Tryperion Partners has closed its Tryperion RE Fund II, a $50 million investment vehicle. This is the firm’s second fund in the last two years, and is expected to hit the $75 million mark in subsequent closings. The fund is focused on sub-institutional and value-add opportunities in the Midwest and West markets.

“Our focus is on value-add deals because they offer the most compelling risk-adjusted returns,” Eliot Bencuya, partner at Tryperion, tells GlobeSt.com. “Buying and stabilizing properties at higher cap rates, coupled with the availability of attractive financing, results in compelling cash-on-cash yields for our investors.  And although Tryperion may certainly execute deals on a direct basis, we value joint ventures with best-in-class operators that have experience in a specific market and property type.  These joint-venture partner relationships are a critical component to the firm’s success.”

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