“This 40th anniversary celebration is only possible because my parents, Filippo and Fernanda had the guts to invest in real estate back in 1977,” says Milio. In 2012, the company decided to expand their investments to New York City and has acquired over 400 units throughout 8 buildings in that short time period. Over the next several years, the Milio’s continued to buy buildings in New York and Connecticut, growing their holdings portfolio to over 1,000 units by 2006. And, at that time, the max rent they could get was only $200 for each apartment.” Says Milio, “To purchase that same building today, you would need a $600,000 down payment. Milio summarized the history of Trion’s growth going back to when his parents, Filippo and Fernanda Milio bought their first building (a six-unit multifamily property) in 1977 with just a $5,000 down payment that they had received from their wedding gifts. We are grateful for all their hard work, talent and dedication,” said Carmelo Milio, president of Trion Management & Holdings. “We are so thankful to the Trion staff and the many colleagues for being an integral part of the company’s growth over the past four decades. The company celebrated its milestone with an elegant cocktail and dinner party at the Ritz Carlton in White Plains, attended by the real estate elite, media, friends, family and Trion executives and staff. Trion’s portfolio consists of over 35 buildings and 2000 units with a valuation of over $500M. That said, you’ll only be investing in multi-family homes, making Trio Properties a poor choice for those who truly want to diversify their portfolios.Trion Real Estate Management and Holdings, a tri-state area leader in full service property management and investments with offices in Manhattan and Yonkers, NY, celebrated its 40th anniversary and the company’s significant growth over 40 years, starting with the purchase of a six-unit multifamily property in Yonkers and expanding its portfolio to include over 2,000 apartments throughout New York and Connecticut. With a long history of success and a consistent rate of return, this company is as safe of an investment as you’ll find within this sector of the real estate market. Investing in the fund grants you instant access to various properties across the real estate market, essentially eliminating any requirements from you (beyond the initial investment requirements). If you’re an accredited investor who’s interested in investing in multi-family homes but don’t feel like handling acquisition and property management yourself, Trion Properties is a great alternative. Unlike stocks, where gains (and losses) are realized instantly, Trion Properties investments will take months-if not years-to start seeing results. It’s also worth considering how fast you’ll start seeing returns. Still, the company only invests in multi-family homes, which somewhat limits diversification across the real estate market. However, they’ve recently expanded their property scope, allowing them to acquire properties across the country. In the past, Trion Properties had limited their investments to Southern California. This means that you’ll need a net worth exceeding $1m or an annual individual income over $200k+ ($300k for couples) to invest. The first limitation is investor standards: the company only accepts accredited investors. Loan origination fees: Not to exceed 1.0%Īlthough investing with Trion Properties can be very profitable, there are some obvious limitations.Property management fee: Greater of (i) $4,000 per month and (ii) 4.0% of gross revenues collected on a monthly basis.Acquisition fee: 1.0% of the purchase price of each property.Diligence and servicing fee: 1.5% of the average daily amount of total capital invested for members that invest in the Fund through a broker-dealer.Management fee: 1.0% of the average daily amount of the total capital invested.Here are the various fees currently listed on the Trion Properties website: These fees are fairly standard, but you should be aware of them nonetheless. You will be responsible for paying a small variety of fees when investing through Trion Properties. If reached, these numbers mean that the average return for each investor should be very profitable. The company anticipates a 6:0%-8.0% cash-on-cash yield, with an internal rate on return of 12.0%-15.0%. The Multifamily Fund IV is targeting a $100m capital raise, with the goal of acquiring up to 18 properties for the fund. Currently, the company only has one real estate fund available: the Multifamily Fund IV. ![]() When investing with Trion Properties, you’ll do so through a multifamily fund., rather than via individual investments for each property. Get Started With Trion Properties Features
0 Comments
Leave a Reply. |