TRION PROPERTIES PROMOTES DAVID MOGHAVEM TO DIRECTOR OF EAST COAST ACQUISITIONS
MIAMI, Fla. (Oct 16, 2022) – Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California, and Miami, Florida, has appointed David Moghavem to Director of East Coast Acquisitions. In his new role, Moghavem will continue to build the firm’s portfolio while directing the charge on our vertically integrated growth initiatives within the Southeast U.S.
Moghavem previously served with Trion as Director of Acquisitions in Colorado and will now command the new position of Director of East Coast Acquisitions. Since acquiring Trion’s first asset in Colorado in 2020, Moghavem has personally led the acquisition of 1,514 units in the state, consisting of $335 million in total asset valuation.
“The most impactful lesson I have learned throughout the course of my career is that the ongoing success of a company stems from its strong internal culture and ability to make lasting external business connections,” notes Moghavem. “Sourcing successful off-market opportunities has been the key to our rapid expansion in the West. I look forward to the opportunity to magnify the skills I have cultivated in that region over the years. I am thrilled to begin implementing these strategies to deepen our services and take full advantage of developing local and regional opportunities in the East.”
To date in 2022, Trion has acquired a total of $500 million in assets, $250 million of which are located in the Southeast. “With the firm’s aggressive acquisition strategy for the Southeast, our goal is to surpass this year’s total acquisitions in 2023, while remaining disciplined in our approach,” comments Max Sharkansky, Managing Partner. “We want to source the ‘right’ deals that make sense amidst the rising rate environment, and David’s expertise in due diligence and building long-standing relationships has positioned him as the ideal candidate to advance our firm’s specialty in this market.”
About Trion Properties
Founded in 2005, Trion Properties is a private equity real estate firm headquartered in Los Angeles, CA and Miami, FL. 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. Since its inception, Trion has completed more than $1.5 billion in transactions with a portfolio of over $1 billion in assets, generating an average internal rate of return in excess of 25 percent.
Additional information on Trion’s team and investment strategy is available at https://trionproperties.com/.