Trion Properties is a private equity investment company which acquires opportunistic real estate investments that need moderate to heavy rehab on a mid to long term investment horizon. Founded in 2005, Trion has successfully closed over $300,000,000 dollars in transactions through either the purchase of the fee simple interest or taking ownership of the asset through acquiring the nonperforming debt. 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. Since its inception in 2005, Trion has generated an average internal rate of return in excess of 30%. Trion Properties is managed by principals whose combined experience spans over 20 years in West Coast real estate markets and in excess of $1 billion in transactions.
Product TypeValue-Add multifamily requiring physical or management reposition.
Target MarketsLos Angeles, San Diego, Bay Area, Portland, Denver, Salt Lake City
Target Returns15%+ leveraged internal rate of return
Hold PeriodThree to Seven Years
Trion has a high-energy culture emphasizing quality over quantity to deliver outsized returns on apartment investments without taking outsized risk.
Mitch Paskover, co-founder of Trion Properties, has responsibility for the financial activities of the firm, including work on acquisitions, dispositions, asset management and expansion planning. Paskover brings his 18 years of experience in the multifamily industry to bear on this role. Since co-founding Trion in 2006, he has helped direct the acquisitions of 42 properties consisting of over 2,050 units valued at $350 million. He was also instrumental in the raising of Trion’s first fund, Trion Opportunity Fund I.
During the course of his career in commercial real estate, Paskover has been involved in over $2 billion in commercial real estate transactions. Prior to co-founding Trion Properties, Paskover was a Managing Director in the Los Angeles office of HFF. His primary focus was on debt and equity transactions including multifamily, office, retail and hospitality properties, with an emphasis on multifamily.
As a company leader, Paskover values Trion’s relationships, strong reputation, and employees as keys to its continuing growth and success. He takes pride in the positive returns Trion has created for its investors.
Paskover is a recognized industry expert, serving as a panelist and moderator at high-level commercial real estate conferences, as well as an industry spokesperson in major national media. He graduated from the University of Southern California with a Bachelor of Science Degree in Business Administration with a Finance concentration, and is a licensed California Real Estate Broker.
Director of Operations
Born and raised in Santa Monica, California, Max Sanchez was first introduced to real estate in November of 2000 as an assistant for a privately owned property management company based out of Hollywood. Sanchez quickly moved up from administrative assistant to property management which gave him a background in all aspects of property management, including construction, leasing, marketing, and general operations. Following his stint in third party management, Sanchez went in-house to a condo converter where he polished his skills in construction management and cost efficiencies.
Sanchez joined Trion Properties in 2007. He is currently the Director of Operations for the firm. He oversees over 500 multifamily units and over 40,000 feet of commercial throughout California and supervises over 25 employees. He oversees all property management for the company and acts as the Project Manager for all of Trion Properties’ assets.
Director of Aquisitions
Farhan Mahmood is responsible for sourcing, structuring and financing Trion Properties investment opportunities. He has over 7 years of commercial real estate experience in valuation, disposition and acquisitions of numerous property types nationwide. Since joining Trion Properties, Mahmood has successfully initiated acquisitions of non-performing loans, REOs and value-add multifamily and commercial projects that have led to stellar returns for Trion investors.
Prior to working at Trion Properties, Farhan Mahmood was an integral member of the commercial group at Auction.com Commercial, a distressed debt and REO sales platform. There he was responsible for the sourcing, management and sales of over $500MM in distressed real estate assets for special servicers, banks and institutional sellers.
He began his career in the real estate valuation and consulting practice of Duff & Phelps. There Mahmood completed valuation analysis on high-rise office buildings, luxury apartments, senior housing, condominium developments, regional malls, industrial parks, hotels and other special use properties as a third party underwriter for Pension Funds, REITS, investors and banking institutions. Projects included the valuation of the $3.2 Billion CalPers CURE (California Urban Real Estate) portfolio, the Downtown Los Angeles G.H Palmer Portfolio and Dodgers Stadium among others.
A native of Southern California, Farhan graduated from the University of Southern California with a Bachelor's Degree in Business Administration with dual emphasis in Real Estate Development and Real Estate Finance.
Director of Capital Markets
Andrew Lucas is responsible for sourcing new investors and maintaining relationships with current Trion Investors. Andrew has extensive experience in finance, investor relations, and both commercial and residential real estate. He has spent his career being a trusted resource for his clients.
Prior to joining Trion, Andrew was a Vice President at Wilshire Finance Partners where he led the firm’s capital raising efforts. Andrew was instrumental in the launch and growth of two real estate debt funds and in establishing relationships with multiple institutional companies. Before moving to Wilshire, Andrew was a multifamily real estate broker at Colliers International and was a key member of Colliers’ top producing brokerage team in greater Los Angeles.
He began his career as a loan officer with NVR Mortgage where he originated and closed residential purchase mortgages for Ryan Homes, one of the nation’s largest home builders. While at NVR Andrew was inducted into the prestigious President’s Club which honors achievements in capture rate, customer service, and profitability.
Andrew is active in his community and is a board member of The Wildwoods Foundation, a Los Angeles based non-profit and was the head coach of Pepperdine University’s Men’s Club Lacrosse team from 2012-2014.
Andrew holds a Master of Business Administration from the University of Baltimore and a Bachelor Degree in Communications from the University of North Carolina