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Tryperion Partners
Tryperion Partners is an American multi-strategy real estate investment firm specializing in all major commercial real estate property types. Tryperion utilizes a value investing strategy by targeting inefficiently-priced markets and deals across the domestic United States both on a direct basis and through joint-venture partnerships.
The co-founding partners spun out of the real estate arm of Canyon Capital Advisors in 2013 to raise their first investment vehicle: a $50 million fund with a focus on existing assets in strong secondary markets.[1] After fully deploying the first fund, Tryperion raised a second fund totaling $51 million to pursue similar deals.[2]
On September 13, 2017, Tryperion introduced stREITwise - an online real estate investment trust (REIT) which provides a diversified portfolio of real estate to accredited and non-accredited investors. As of the end September 2017, stREITwise had raised over $20 million and owned three office buildings including the Panera Bread Headquarters building in Sunset Hills, Missouri.[3]
As of November 2017, the company managed over $150 million for its clientele, which includes a range of foundations, family offices, and high net worth investors.[4]
Tryperion RE Fund I
Tryperion closed its first closed-end fund, Tryperion RE Fund I (TREF I), in May 2013 with $50 million focused on value-add acquisitions and recapitalization opportunities in secondary markets throughout United States.[5] TREF I included over 750,000 square feet of office buildings in the Greater St. Louis area including the Energizer Headquarters building in Town and Country, Missouri and the SSM Health Headquarters building in Creve Coeur, Missouri.[6][7] The TREF I portfolio also included a number of other apartment, retail, hotel and office investments.
Tryperion RE Fund II
Tryperion closed its second closed-end fund, Tryperion RE Fund II (TREF II), in January 2015 with $51 million focused on sub-institutional deals that were overlooked by larger capital sources.[8] TREF II included the acquisition of the Riverhouse on the Deschutes, a 220-room full service hotel with a convention center in Bend, Oregon. After acquiring the hotel, the partnership between TREF II and Vesta Hospitality Group spent $10 million in upgrades to the guest rooms, lobby and bar areas, and riverfront patio dining area. The TREF II portfolio also included over 800,000 square feet of industrial buildings in the Minneapolis Metropolitan Area and an investment in a lakefront Cleveland, Ohio apartment building that was once home to LeBron James.[9][10][11]
Tryperion RE Fund III
As of November 2017, Tryperion has made one investment in its third fund, Tryperion RE Fund III (TREF III). The acquisition was a five-building 254,274 square foot flex complex in Minnetonka, Minnesota.
stREITwise
Tryperion launched stREITwise - a Regulation A+ real estate investment trust (REIT) - in September 2017 and raised over $20 million as of the end of September 2017.[12][13] The first investment stREITwise made was the acquisition of a 290,925 square foot three-building office park which includes the Panera Bread Headquarters building in Sunset Hills, Missouri.[14]
External Links
Tryperion Partners Official Website
stREITwise Official Website
- ^ "Tryperion Partners Raises $50 Million Fund | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2017-11-09.
- ^ "Tryperion Partners Closes Second $50 Million Fund to Capitalize Sub-Institutional Deals". www.businesswire.com. Retrieved 2017-11-09.
- ^ Brown, Lisa. "New owner of Panera HQ offers crowdfunding real estate investment". stltoday.com. Retrieved 2017-11-09.
- ^ "Tryperion Partners LLC: Company Profile". Bloomberg. Retrieved 2017-11-09.
- ^ "Tryperion Partners Closes $50M Fund". National Real Estate Investor. 2013-05-14. Retrieved 2017-11-09.
- ^ Bryant, Tim. "LA fund acquires Energizer and Panera HQs". stltoday.com. Retrieved 2017-11-09.
- ^ "https://www.bizjournals.com/stlouis/news/2017/07/26/ssm-health-hq-sold-for-11-million.html". www.bizjournals.com. Retrieved 2017-11-09.
{{cite web}}: External link in|title= - ^ "Tryperion Partners Closes Second $50 Million Fund to Capitalize Sub-Institutional Deals". www.businesswire.com. Retrieved 2017-11-09.
- ^ Kennedy, Clare (2017-11-07). "'Tremendous bidding activity' for flex property in Minnetonka". Finance & Commerce. Retrieved 2017-11-09.
- ^ "Landmark Cos. Buys Quay 55 on Lake Eerie - CoStar Group". www.costar.com. Retrieved 2017-11-09.
- ^ "Water damage, construction at Quay 55 lakefront apartments at issue in multi-million dollar trial". cleveland.com. Retrieved 2017-11-09.
- ^ "Now Live: stREITwise's Online REIT Reg A+ IPO for Diversified Real Estate Portfolio | Crowdfund Insider". Crowdfund Insider. 2017-09-14. Retrieved 2017-11-09.
{{cite news}}: no-break space character in|title=at position 86 (help) - ^ "1st stREIT Office Offering Circular" (PDF).
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Brown, Lisa. "New owner of Panera HQ offers crowdfunding real estate investment". stltoday.com. Retrieved 2017-11-09.