Trion Comes Back to Sacramento with Sixfold Multifamily Buy

Trion Properties recently acquired six multifamily communities totaling 347 units in the Sacramento area for $71.6 million. The firm re-entered the Sacramento market a year ago with the acquisition of a 136-unit community in Rancho Cordova, after bringing three properties in the market full cycle from 2012 to 2016. Additionally, the firm currently owns and manages six properties in nearby East Bay.

This experience in the area, combined with increasing housing demand, has made Trion well-positioned to strategically seek out properties that can be repositioned to provide strong long-term value, according to Max Sharkansky, managing partner at Trion Properties.

“Accelerated demand has outpaced supply in Sacramento through a combination of migration, historically lower rents and skyrocketing single-family home prices,” says Sharkansky. “While California lost 182,000 residents last year, the Sacramento region has continued to grow.”