Trion Properties
 
Discounted, off-market acquisition of a new, leased-up Class-A apartment complex just two miles from one of Florida's largest office complexes, in the heart of supply-constrained Miami
 
DEAL OVERVIEW

Trion Properties is seeking to purchase 850 Living, a 230-unit Class-A apartment complex, centrally located within minutes of Miami’s most famous neighborhoods, entertainment hotspots, and employment hubs. Upon acquisition, Trion will implement a modest mark-to-market strategy to capitalize on the market's demand for newer, highly-amenitized properties as well as implement aesthetic improvements to common areas. Aside from the discounted, off-market nature of the transaction, this deal benefits from a below-market priced preferred equity position that provides favorable leverage, helping to potentially enhance investor returns.