The Real Estate Investing Club

Repositioning Distressed Multifamily Assets with Max Sharkansky | The Real Estate Investing Club #49

Gabe Petersen Season 1 Episode 49

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0:00 | 31:57

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In this episode I interview Max Sharkansky, co-founder of Trion Properties. Since founding Trion Properties, Max has led the acquisition, renovation and disposition of over $300,000,000 in mismanaged and distressed assets, primarily in multifamily, yielding an average IRR in excess of 30%. Max launched the foray into investments with two acquisitions of value-add multifamily properties in 2005. Following the first two closings, Max, along with partner Mitch Paskover, created the platform and formed the Company in 2006 to execute a business plan of acquiring mispriced and mismanaged properties throughout Los Angeles. Max led Trion in the execution of several acquisitions in its first two years of existence and exiting the portfolio prior to the economic crisis. With cash on hand and no resources tied up in workouts, Max assisted in implementing an acquisition strategy of targeting distressed debt secured by multifamily, and distressed multifamily REO's, which led to the ultra-successful campaign of the acquisition of 20 properties throughout the downturn. Since the recovery and the clearing of distress from the marketplace, Max has shifted strategies to the acquisition of value-add properties where value can be created through extensive renovations, hands-on management, and improvement of operating efficiencies. Max has great advice for investors, so strap in, grab your pen and paper and enjoy the show.

Want to connect with the guest? Check out their LinkedIn profile here: https://www.linkedin.com/in/max-sharkansky/

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