Aurora apartments sell for $41.4 million - Denver Business Journal Constructed in 1970, the property features 104 one-, two- and three-bedroom apartments averaging 830 square feet with open floorplans. Mahmood notes that the firm will additionally implement a number of exterior renovations including roof replacement, asphalt repairs, swimming pool deck, HVAC replacement, among other items. This rental is accepting applications through Apartments.com. Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, with equity partner Walker & Dunlop, has acquired Bella Pointe Apartments, a 136-unit multifamily community in the Sacramento submarket of Rancho Cordova, California. 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced Negatives, located on a stroll . While theres some bike infrastructure in this area, youll still need a car for many errands. 95608, 1-2 Br The property features large one- and two-bedroom apartments with walk-in closets. Since its inception, Trion has completed more than $1.4 billion in transactions with a portfolio of over $1 billion in assets, generating an average internal rate of return in excess of 25 percent. We are confident in the strength of the Sacramento rental market. novidades da Construtora Trianon: CONSTRUTORA TRIANON. The Harlow by Trion Living is in the city of Sacramento. The Harlow by Trion Living is an apartment located in Sacramento County, the 95821 Zip Code, and the Whitney Avenue Elementary School, Winston Churchill Middle School, and Mira Loma High School attendance zone. We also advise parents to visit schools, consider other information As one of the most affordable major markets in California, the city has an in-migration of roughly 25,000 residents annually and less than 2000 units under construction, making Bella Pointe a strong and valuable addition to our portfolio.. Trion recognized Latitude as especially well-positioned to benefit from the increase in population and employment based on the limited supply of quality housing in the area. Berkadia Brokers $43.5M Sale of Statesman Apartments in Sterling Bay Tops Out Construction of 350-Unit Luxury KeyBank Arranges $117.7M in Financing for Two Affordable Reliant Group Management Acquires 405-Unit Phoenix Manor Apartments Eden Housing Purchases Two Multifamily Communities in Concord, Hanley Brokers Sale of 3,331 SF Retail Property Elizabeth Property Group Buys 1,444-Unit Affordable Housing Portfolio Hunt Capital Partners Sells Interest in 248-Unit Affordable How Future-Proof Is Your Multifamily Propertys ISP? These terms are extremely difficult to achieve in todays rising interest rate environment, further demonstrating our ability to strategically transact amid fluctuating market cycles.. France Publications, dba France Media Inc. publication offers and more. It is the firm's fourth multifamily acquisition in just over three . Grayson By Trion Living Apartments, 10055 Terra Loma Dr., Rancho Cordova, CA - RentCafe 1-3 Beds 1 Bath 604 - 824 Sqft Grayson By Trion Living From $1,750 per month 10055 Terra Loma Dr., Rancho Cordova, CA 95670 Today Property in high demand! Sacramento is currently the fastest growing city in California and has proven its resilience during the pandemic, says Max Sharkansky, Managing Partner at Trion Properties. Although a slight uptick in recent new construction will likely release some pent-up rental demand, limited supply in the market combined with a stable economic base gave us the confidence to move forward during this period of uncertainty.. Founded in 2005, Trion Properties is a private equity real estate firm headquartered in Los Angeles, CA and Miami, FL. Language: Obra. Bike Score measures the bikeability of any address. They have changed property management companies multiple times within the last few years.. regardless of who they go with they dont ever seem to really keep up with the property or do anything to improve the quality of life in this complex either. Knighthead Funding provides $16 million loan for multifamily acquisition and conversion Marcus & Millichap closes the $5.5 million sale of a Fort Marcus & Millichap closes $76 million Reno multifamily asset sale. 201 S. Biscayne Blvd. 2.9 mi, Rancho Cordova, 6 other people are currently interested in this property. Call Us: (916) 448-2719. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. Yes, to view the floor plan in person, please schedule a personal tour. $1,800 Trion Properties Acquires Six Multifamily Communities in Sacramento With access to a 24-hour fitness center, a business center, and a laundry care center, this community is all about efficiency and accessibility.Nestled in a relaxed neighborhood in Colorado Springs, Colorado, our location offers the perfect vantage point to enjoy scenic views of the Rocky Mountains and outdoor recreation. Yardi Matrix data shows that the asset last traded in 2016, when it was acquired by a private investor for $10.5 million. The NRP Group expands national footprint westward with Phoenix and Las NAHB now accepting Pillars Awards applications. Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, with equity partner Walker & Dunlop, has acquired Bella Pointe Apartments, a 136-unit multifamily community in the Sacramento submarket of Rancho Cordova, California. Transportation options available in Sacramento include Watt/I-80, located 2.1 miles from The Harlow by Trion Living. Regular rent raises no updates to units Charleston is a lucrative market that we have been actively looking to expand into as we continue to strategically acquire properties in areas that have proven resiliency and are experiencing population and employment growth, says Sharkansky. Jun 24, 2021, 10:00 AM By Isabella Farr Save article SHARE THIS ARTICLE FONT SIZE Trion Properties has launched its third fund to invest in value-add multifamily properties, as it expands. This website is using a security service to protect itself from online attacks. The property, named Courtyard at Artisan Square, was secured through a debt assumption transaction with a private seller, according to Max Sharkansky, Managing Partner of Trion Properties. These strong employment fundamentals are met with a growing population that will help generate long-term renter demand for the property., Marley Dominguez, Director of Acquisitions at Trion Properties, adds: The Charleston regions population is increasing three times faster than the U.S. average, boasting 33 new residents each day. News. This property was built in 1966. Youll receive updates on upcoming events, special The Harlow by Trion Living is in the city of Sacramento. It is also near Sacramento State and Sacramento City College. $1,750-$2,050 Always beware of scams. School data provided by on school performance and programs, and consider family needs as part of the school selection process. Situated near Sacramentos Urban Core and High 50 Office Corridor, the community offers residents immediate access to large employment centers, with quality dining, entertainment, and retail options. Consumer protection notice, /assets/images/117/no-image-available.png. Constructed in 1970, 1503 Fulton Avenue consists of 104 one, two-, and three-bedroom apartment units averaging 830 square feet with open floor plans. Trion focuses on maximizing investor returns by increasing net operating income throughout the holding period through a hands-on management style of heavy renovation and aggressive lease-up. Choose from various layouts with features including wood-burning fireplaces and private balconies with pool and mountain views.Soak up the sun as you float in the heated outdoor pool, spend time with your pup at the private dog park, or invite friends over for a barbecue followed by a billiards game in the clubhouse. Skylark Place by Trion Living - Apartments.com 700 The action you just performed triggered the security solution. As prices gradually fall post rate shock and the capital markets tighten, we were able to assume the current Freddie Mac loan at 4.19% with interest only through July 2024. Trion Properties buys Courtyard at Artisan Square apartments and Transit Score measures access to public transit. Trion Properties, based in West Hollywood and Miami, paid $23.6 million for the 104-unit Courtyard at Artisan Square property at 1503 Fulton Ave. "We're generally underwriting lower growth. Jul 10, 2023. We are confident in the strength of the Sacramento rental market. Skylark Place by Trion Living 6930 Fair Oaks Blvd, Carmichael , CA 95608 Carmichael 3.9 (6 reviews) Verified Listing Today 916-755-6377 Monthly Rent $1,650 - $1,995 Bedrooms 1 - 2 bd Bathrooms 1 - 1.5 ba Square Feet 650 - 916 sq ft Skylark Place by Trion Living Transportation Points of Interest Pricing & Floor Plans 1 Bedroom 2 Bedrooms 1x1S $1,650 Through our collaborative process, our team was able to identify the opportunity to secure positive leverage on this well-maintained property with a fixed-rate debt, says Sharkansky. Trion acquires 104-unit multifamily community in Sacramento for $23m The pool was gross & overall messy. Located on nearly 5 acres, the community comprises 11 two-story-wood-frame buildings totaling over 86,000 square feet. This apartment community was built in 1966 and has 2 stories with 84 units. Choose the best option for your needs from the properties linked below or view all coworking spaces in Sacramento. $1,634-$2,096 Trion Properties Acquires 104-Unit Multifamily Community in Sacramento for $23.6MM, Two Sacramento Housing Projects Planned for 340 Units to Kick Off Development, Tahoe Touchdown! This also marks Trions re-entry into the Sacramento market, where the team previously brought two multifamily assets full cycle, after four years. To read this full article you need to be subscribed to Newsline. Here you'll find three shopping centers within 0.8 mile of the property.Five parks are within 10.1 miles, including River City Paddlers, The Discovery Museum Science & Space Center, and Aerospace Museum of California. Residencial Trianon VII Aviao | Praia Grande 02 Dorms, 01 Suite. 2.4 mi, 2-3 Br Displayed square footage is approximate. 95670, 1-3 Br To learn more about The Goose Apartments, call now to schedule a tour! Thanks for reporting an issue. Former NFL Players $10MM Home Hits the Market, Alameda County Plans Auction for 200,000 SQFT Office Campus in Oakland, Minimum Bid Set at $40MM, Pollo Campero, Aliados Restaurant Plan Locations at Former Sears Property in Sacramento, Chelsea Investment Proposes 90-Unit Multifamily Community in Sacramento, Auction of Former Oakland Raiders Facility in Alameda Postponed, Office to Lab Conversions: Adaptive Reuse in Life Science Is On The Rise, Autodesk Renews 93,000 SQFT Lease at One Market in San Francisco. The Harlow by Trion Living has 3 shopping centers within 0.8 miles, which is about a 16-minute walk. Thank you for your interest in The Registry. The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices were unchanged month-over-month in June, seasonally JLL Capital Markets arranges $48 million non-recourse construction financing for Solamar Wildwood, ABI Multifamily brokers 260-unit West Phoenix apartment community for $49.75 million, Construction materials prices flat in June, Equity placement secured for housing development near UC Davis, Remodeling market sentiment edged down in second quarter, Multifamily CMBS delinquency rates move higher in June. The Discovery Museum Science & Space Center. The property, named Courtyard at Artisan Square, was secured through a debt assumption transaction with a private seller, according to Max Sharkansky, Managing Partner of Trion Properties. The submarket is one of the fastest-growing and top-performing rental markets in the nation, as Sacramento offers a relatively affordable alternative to nearby Bay Area cities while still providing favorable lifestyle amenities and convenient access to major employment centers. Trion Properties, Inc. As we enter a year of uncertainty and pricing continues to fall from peak levels in 2022, our acquisition strategy has shifted to a defensive approach, said Farhan Mahmood, partner and head of West Coast acquisitions at Trion Properties. Very unprofessional company and staff. 1503 Fulton (formerly Courtyard at Artisan Square) 4.4 mi. the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento, California, for $23.6 million. Specialties: We are a property management company located in West Hollywood, CA. Pool and laundry room completely dirty, trash seems like its never picked up, both parking garages have issues with a broken gate and flooding in the underground garage. Vintage Properties Trion Properties continues investment in Northern California market In 2016, Trion sold off apartment properties in Arden-Arcade and North Highlands and pivoted to investments in areas like the East Bay and Portland, Oregon. Sign up here. Seja o primeiro a receber as. I do NOT recommend even looking at this place to live. Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, announces the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento, California, for $23.6 million. Ginnie Mae November MBS volume sustains recent pace with more than $76 billion of issuance, Construction materials prices flat in June, Equity placement secured for housing development near UC Davis, Remodeling market sentiment edged down in second quarter, Multifamily CMBS delinquency rates move higher in June. In the last 12 months, no new supply has come to market and no large-scale projects are currently underway that will be able to deliver competing new units in the next five years. Ten-X holds real estate licenses in all 50 states and D.C. 442-H New York Standard Operating Procedures, TREC: Information about brokerage services, Imagens. to $2,095/mo. Current ownership has focused primarily on curing deferred maintenance, minor exterior renovations, and minimal interior upgrades. 1503 Fulton (formerly Courtyard at Artisan Square) | Trion Properties 1503 Fulton (formerly Courtyard at Artisan Square) Sacramento, CA HIGHLIGHTS MAP VIEW WEBINAR HIGHLIGHTS MAP VIEW WEBINAR Number Of Units 104 Acquisition Price $24,000,000 Acquisition Date January 12, 2023 Hold Period 3 years Project Level IRR 22.67% Project Level EM News | Trion Properties Built in 1978, the property comprises one-, two- and three-bedroom units with walk-in closets. 2023 Multi-Housing News. We are just at the beginning of our quest and we haven't shown all those vintage investors just what we can do for them, but . Experience daily comfort when you come home to The Goose Apartments, a Colorado Springs, CO, community offering inviting one- and two-bedroom floor plans. Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has acquired six multifamily communities totaling 347 units in the Sacramento, California area for $71.6 million. Grayson By Trion Living - RentCafe Apartments.com The latest multifamily news, delivered every morning. Get ready to call The Harlow your Home! Trion Acquires Courtyard at Artisan Square Multifamily Property in
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