CA 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. Jul 10, 2023. Call Us: (916) 448-2719. 2.4 mi, 2-3 Br 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.. Trion Properties has acquired 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento, Calif., for $23.6 million. A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. Two Sacramento Housing Projects Planned for 340 Units to Kick Off UCSF Health In Negotiations to Acquire St. Marys Medical Center & Alameda County Plans Auction for 200,000 SQFT Office Campus in Oakland, Pollo Campero, Aliados Restaurant Plan Locations at Former Sears Property in Report: FIRE Companies Are Shifting Leasing Back to Major Cities, Farmers Insurance is Third Insurer to Limit California Homeowners Policies. An apartment community in Aurora has sold for $41.4 million, according to property records. To learn more about The Goose Apartments, call now to schedule a tour! These terms are extremely difficult to achieve in todays rising interest rate environment, further demonstrating our ability to strategically transact amid fluctuating market cycles.. Downtown Sacramento is situated 11 miles from the property. 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. The Harlow by Trion Living is in the city of Sacramento. Located on nearly 5 acres, the community comprises 11 two-story-wood-frame buildings totaling over 86,000 square feet. The property, named Courtyard at Artisan Square, was secured through a debt assumption transaction with a private seller, according to, Additional information on Trions team and investment strategy is available at. Since Trion took over, their manager Ana has helped a lot to get this place back up. Thanks for reporting an issue. Trion Properties, Inc. 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. Located at 10055 Terra Loma Drive, on 6 acres, the community is within one mile of Lincoln Highway. Trianon Empreendimentos - Conhea a nova Trianon! News. 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. 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! The asset is in close proximity to the East Bay Area, where the firm has deep experience and relationships, and currently owns seven multifamily communities. Factors that influenced these ratings include building design, construction, exterior spaces, and amenities. The Harlow by Trion Living is an apartment community located in Sacramento County and the 95821 ZIP Code. Mahmood adds that the property is situated off Folsom road in close proximity to Highway 50, offering a quick five-minute commute to 650,000 square feet of office space, and is walking distance to the Mather Field Light Rail Station. novidades da Construtora Trianon: CONSTRUTORA TRIANON. Trion will implement strategic value-add upside through recovering significant loss to lease, Mahmood explains. Or sign in if you already have an account. Sign up to receive emails from IREI. 2023 France Publications, dba France Media Inc. Courtyard at Artisan Square in Sacramento, Calif., features 104 one-, two- and three-bedroom apartments. 700 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.. SACRAMENTO, CALIF. Trion Properties has purchased Courtyard at Artisan Square, an apartment community located at 1503 Fulton Ave. in Sacramento. Trion saw an opportunity to create value through effective management and . It may not have the flashy reputation of San Francisco or Los Angeles, but Sacramento embodies the very best of what makes California so unique. With no deceleration in sight for rental demand, the property is well-positioned for future growth.. Latitude is an ideal asset as its situated on the east side of the West Ashley submarket, which is less than 10 minutes from downtown Charleston and the Charleston airport, the two largest employment centers in the area. Sharkansky said Sacramento had a . 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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. 01/24/2017 Case Status: Not Classified By Court Case Type: Labor - Other Labor Court: Sacramento County Superior Courts Courthouse: Gordon D Schaber Sacramento County Courthouse County, State: Sacramento, California Party Details Plaintiff Reeves, Peter Defendants Does 1-10 Trion Properties Inc Attorney/Law Firm Details Plaintiff Attorney Homes.com is operated by Ten-X. Property Manager at Responded To This Review, Sacramento, Scores provided by Endereo Trianon Empreendimentos Rua 1901, n 262, Sala 3, Centro Balnerio Cambori/SC CEP 88330-819 * Square footage definitions vary. Through its proven vertically integrated operating strategy, Trion targets opportunistic multifamily investments in key growth markets throughout the U.S. to increase net operating income and maximize investor returns. 3220 Watt Ave is a home located in Sacramento County with nearby schools including Whitney Avenue Elementary School, Winston Churchill Middle School, and Mira Loma High School. 2 Beds The property, named Courtyard at Artisan Square, was secured through a debt assumption transaction with a private seller. The pool, security, the trash & parking has all been managed. Peter Reeves vs Trion Properties Inc | Court Records - UniCourt in the palm of your hand throughout your rental journey. CA The local restaurant scene is famous for its heavy emphasis on farm to fork principles, making it one of the best places to find fresh, locally sourced food. Act now and your $ purchase will include 9 additional FREE application submissions to participating properties. 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. Sign up here. The apartment community includes 22 two-story wood-framed buildings. Shivu Srinivasan and Robert Dau of Transwestern represented Trion in the transaction. Trion Properties - West Hollywood, CA 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. 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.. The property is already achieving our underwritten pro forma rents, and in a few cases outperforming the pro forma. . Finance INDUSTRY news News Releases Residential Trion Properties Acquires Six Multifamily Communities in Sacramento Area for $71.6MM December 7, 2021 Trion Properties has acquired ReNew Carmichael, a 2-story, 198-unit garden-style multifamily community in Carmichael, California for $46 million Hot water never works. Trion Properties bolsters Northern California portfolio with The Trion Properties, Inc property management company will verify your lease application and send you a timely response. The Harlow by Trion Living is in the city of Sacramento. Courtyard By Trion Living Apartments, 1503 Fulton Avenue, Sacramento Transit Score measures access to public transit. France Publications, dba France Media Inc. 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. Additional information on Trions team and investment strategy is available athttps://trionproperties.com/. You must. No pool maintenance or housekeeping (cleaning grounds, laundry room, making sure garbage was handled, etc), and garbage bins were not done, or in a timely manner. 4.4 mi. 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 Properties has reentered the Sacramento, California, market after four years with the acquisition of the Bella Pointe Apartments. This also marks Trions re-entry into the Sacramento market, where the team previously brought two multifamily assets full cycle, after four years. The property is also situated seven miles west of downtown Charleston, 2.8 miles from Citadel Mall, the areas only indoor mall, and near Interstate 526. Positive, large units. Trion Properties returns to region with Rancho Cordova apartment buy The miles and minutes will be for the farthest away property. 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. Property management companies are just playing hot potato with this nuisance and eye sore. Trion Properties Acquires Six Multifamily Communities in Sacramento Ratings are on a scale of Court: Sacramento County Superior Courts Courthouse: Gordon D Schaber Sacramento County Courthouse County, State: Sacramento, California Party Details Plaintiff Moore, Griselda Defendants Dick James & Associates Does 1-25 Trion Properties Management, LLC Van-Meter, Joshua Attorney/Law Firm Details Plaintiff Attorney James L. Arrasmith 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. 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 proven its resilience during the pandemic. 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. This area is served by the San Juan Unified attendance zone. Trion Properties Pays $18M for Sacramento Community, A Quick Thread on Threads: What Multifamily Marketers Need to Know, Walker & Dunlop Execs Weigh In on Capital Market Turbulence, WhiteHaven Pays $37M for Phoenix Property, Quarterra JV Tops Off Miami-Area Community, LA-Area Luxury Senior Project Breaks Ground. They dont want to fix the problems, Money is more important than anything else here, beware! the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento, California, for $23.6 million. 201 S. Biscayne Blvd. Plantas. 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 So the problem still exists. Built in 1978 and situated on nearly six acres, Bella Pointe is an ideal candidate to implement our proven value-add strategy and upgrade the property to current market standards, continues Mahmood. $1,634-$2,096 About Trion Properties School data provided by At a time where tech employees are primarily working from home, the East Bay and Sacramento regions offer housing for a fraction of the cost of San Francisco, Sharkansky notes. The manager is enforcing rules & the tenants do not like it. The property is located within the Arden-Arcade submarket, where Trion currently owns two other properties. Golden Valley Charter School of Sacramento, Sacramento Wheelchair Accessible Apartments. 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. 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. The goal is to revive these older structures and make them assets to their neighborhoods, to attract new people to the downtown and surrounding areas by providing a bit of our time-treasured past. Sound Score measures the noise level of any address. With no deceleration in sight for rental demand, the property is well-positioned for future growth.. 1503 Fulton (formerly Courtyard at Artisan Square)
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