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==History==
==History==


The Tryperion co-founders spun out of [[Canyon Partners]] (approximately $25 billion under management) in 2013. By May 2013, Tryperion raised its first investment vehicle: a $50 million fund with a focus on existing assets in strong secondary markets.<ref>{{Cite web|url=http://labusinessjournal.com/news/2013/may/13/tryperion-partners-raises-50-million-fund/|title=Tryperion Partners Raises $50 Million Fund {{!}} Los Angeles Business Journal|website=labusinessjournal.com|access-date=2017-11-09}}</ref> After fully deploying the first fund, Tryperion raised a second $50 million fund to pursue similar deals.<ref>{{Cite web|url=http://www.businesswire.com/news/home/20141028006389/en/Tryperion-Partners-Closes-50-Million-Fund-Capitalize|title=Tryperion Partners Closes Second $50 Million Fund to Capitalize Sub-Institutional Deals|website=www.businesswire.com|language=en|access-date=2017-11-09}}</ref> In September 2017, Tryperion launched stREITwise - an online [[Reit|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.<ref>{{Cite news|url=http://www.stltoday.com/business/columns/building-blocks/new-owner-of-panera-hq-offers-crowdfunding-real-estate-investment/article_7da1c545-36e0-59a4-8772-c92881c6bd98.html|title=New owner of Panera HQ offers crowdfunding real estate investment|last=Brown|first=Lisa|work=stltoday.com|access-date=2017-11-09|language=en}}</ref>
The Tryperion co-founders spun out of [[Canyon Capital Advisors]] (approximately $25 billion under management) in 2013. By May 2013, Tryperion raised its first investment vehicle: a $50 million fund with a focus on existing assets in strong secondary markets.<ref>{{Cite web|url=http://labusinessjournal.com/news/2013/may/13/tryperion-partners-raises-50-million-fund/|title=Tryperion Partners Raises $50 Million Fund {{!}} Los Angeles Business Journal|website=labusinessjournal.com|access-date=2017-11-09}}</ref> After fully deploying the first fund, Tryperion raised a second $50 million fund to pursue similar deals.<ref>{{Cite web|url=http://www.businesswire.com/news/home/20141028006389/en/Tryperion-Partners-Closes-50-Million-Fund-Capitalize|title=Tryperion Partners Closes Second $50 Million Fund to Capitalize Sub-Institutional Deals|website=www.businesswire.com|language=en|access-date=2017-11-09}}</ref> In September 2017, Tryperion launched stREITwise - an online [[Reit|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.<ref>{{Cite news|url=http://www.stltoday.com/business/columns/building-blocks/new-owner-of-panera-hq-offers-crowdfunding-real-estate-investment/article_7da1c545-36e0-59a4-8772-c92881c6bd98.html|title=New owner of Panera HQ offers crowdfunding real estate investment|last=Brown|first=Lisa|work=stltoday.com|access-date=2017-11-09|language=en}}</ref>


==Investment Funds==
==Investment Funds==

Revision as of 00:25, 10 November 2017

Tryperion Partners
Company typeLLC
IndustryPrivate Equity Real Estate, Real Estate Investment Trust
Founded2013
FoundersEliot Bencuya, Jeffrey Karsh, Joseph Kessel
Headquarters
Key people
Eliot Bencuya
(Co-Founding Partner)
Jeffrey Karsh
(Co-Founding Partner)
Joseph Kessel
(Co-Founding Partner)
BrandsTryperion Partners, stREITwise
AUM$120 million as of September 2017 (3 citations!)
Websitewww.tryperion.com

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. As of September 2017, the company managed over $120 million for its clientele, which includes a range of foundations, family offices, and high net worth investors.[1]

History

The Tryperion co-founders spun out of Canyon Capital Advisors (approximately $25 billion under management) in 2013. By May 2013, Tryperion raised its first investment vehicle: a $50 million fund with a focus on existing assets in strong secondary markets.[2] After fully deploying the first fund, Tryperion raised a second $50 million fund to pursue similar deals.[3] In September 2017, Tryperion launched 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.[4]

Investment Funds

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 added 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]

See Also

References

  1. ^ "Tryperion Partners LLC: Company Profile". Bloomberg. Retrieved 2017-11-09.
  2. ^ "Tryperion Partners Raises $50 Million Fund | Los Angeles Business Journal". labusinessjournal.com. Retrieved 2017-11-09.
  3. ^ "Tryperion Partners Closes Second $50 Million Fund to Capitalize Sub-Institutional Deals". www.businesswire.com. Retrieved 2017-11-09.
  4. ^ Brown, Lisa. "New owner of Panera HQ offers crowdfunding real estate investment". stltoday.com. Retrieved 2017-11-09.
  5. ^ "Tryperion Partners Closes $50M Fund". National Real Estate Investor. 2013-05-14. Retrieved 2017-11-09.
  6. ^ Bryant, Tim. "LA fund acquires Energizer and Panera HQs". stltoday.com. Retrieved 2017-11-09.
  7. ^ "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= (help)
  8. ^ "Tryperion Partners Closes Second $50 Million Fund to Capitalize Sub-Institutional Deals". www.businesswire.com. Retrieved 2017-11-09.
  9. ^ Kennedy, Clare (2017-11-07). "'Tremendous bidding activity' for flex property in Minnetonka". Finance & Commerce. Retrieved 2017-11-09.
  10. ^ "Landmark Cos. Buys Quay 55 on Lake Eerie - CoStar Group". www.costar.com. Retrieved 2017-11-09.
  11. ^ "Water damage, construction at Quay 55 lakefront apartments at issue in multi-million dollar trial". cleveland.com. Retrieved 2017-11-09.
  12. ^ "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)
  13. ^ "1st stREIT Office Offering Circular" (PDF). {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  14. ^ Brown, Lisa. "New owner of Panera HQ offers crowdfunding real estate investment". stltoday.com. Retrieved 2017-11-09.