Co-Investment Program
PARTNER WITH TRINITY ON MULTIFAMILY ASSETS
Trinity Real Estate’s Co-Investment Program provides qualified investors with the opportunity to invest directly alongside Trinity and a network of like-minded partners in select institutional-quality acquisitions throughout the Puget Sound region.
Co-Investment Program Summary
Programs Investment Characteristics:
- Property Type Market Rate Multifamily Apartments
- Asset Size Targeting $20M to $50M
- Region Puget Sound
- Investment Profile Modest Risk & Stable Cashflow
- Debt Modest Leverage – Avg. 50% LTV
- Hold Period 6 to 10-years
Program Attractiveness:
- Investment Vehicle
- Alignment of Interests
- Like Minded Investors
- Proven Team & Track Record
- Inflation Hedge
- Strong Risk Adjusted Returns
- Regional Attractiveness
- Scaling of Asset Size
- Capital Preservation
Why Puget Sound?
Stable Cash Flow
Cashflow is ±60% of Total Return1
Consistent Occupancy Rates >95%2
Resilient Through Cycles
Demand / Supply Imbalance
3.9M Unit Housing Shortfall Nationwide3
Seattle ‘25 Deliveries Down 52% YoY4
Stable & Growing Demand
Inflation Hedge
Rents Historically Outpace Inflation
Leases Reset Annually
Real Asset Appreciation
Affordability Gap
Home Ownership Cost up 47% since 20205
Renting Still Significantly Cheaper
Delayed First-Time Home Buyers = Demand
Sources: 1) National Council of Real Estate Investment Fiduciaries (NCREIF) – Seattle MSA Multifamily National Property Index (NPI) Returns (Q4 2023) and 2) CoStar – Seattle Market Summary (Q3 2024) 3) Feddie Mac, 2023, 4) CBRE 2025 Seattle Multifamily Development Pipeline, 5) St. Louis Federal Reserve Economic Research, S&P/Case-Shiller WA-Seattle Home Price Index (Sep 2024), Zillow Home Value Index (As of Oct 2024 for Seattle MSA), 30-Year Fixed Rate Mortgage Average in the United States (Nov 2024)
Why Invest in Multifamily?
Employment & Population Growth
Seattle is #1 Fastest Growing Big City in 20221
Employment Growth Well Above US Average
Fortune 500 HQs & Technology Hub
HQ: Amazon, Microsoft, Costco, etc.
HQ2: Apple, Google, Boeing, Meta, etc.
Educational Center
Seattle is #1 Most Educated City in US2
23 Four-Year Colleges – UW #2 Research3
Quality of Life
Natural Beauty & Cultural Vibrancy
Ranked #9 by US News & World Reports4
Housing Affordability Challenge
Average Home Cost is $841k5
Average Mortgage Payment 2.3x > Rent6
Barriers to Entry
Zoning Restrictions
Construction Costs
Regulatory Environment
Sources: 1) U.S. Census Bureau, 2) U.S. Bureau of Labor Statistics (2020) 3) U.S. News, 4) U.S. News, 5) Zillow Home Price Index (King, Pierce & Snohomish Counties – Oct 2024),6) see Page 14 of presentation for sources and calculation of Average Mortgage Payment.
Why Invest With Trinity
-
Proven Track Record
15.8% Combined Net IRR1 Since 2010
-
Experienced Executive Team
Real Estate Cycle Tested
Institutional Level Experience
10+ years average tenure at Trinity
-
Deep Industry Relationships
Broad Pipeline of Opportunities
National Network of Property Service
Providers
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Full-Service In-House Expertise
Investment Strategy
Acquisitions & Dispositions
Asset & Portfolio Management
Construction Management
Debt Financing
Investor Reporting & Benchmarking
Frequently Asked Questions
Find quick answers to the most common questions we hear from our customers.
Commitment & Capital Calls
How much time do I have to decide on a commitment?
Generally, Sponsor (aka “Trinity”) will prepare an Investment Summary outlining the opportunity, and commitment indications are due within one week.
When is the Committed Equity Due?
If the Sponsor executes a Purchase Contract for the Property, commitments, along with executed Subscription and Operating Agreements are due within one week prior to removal of contingencies, which is typically 3 weeks from Signing Purchase Contract.
If I sign a Letter of Intent for the Program, do I have to commit to an Investment?
No, the LOI is non-binging although the Sponsor has the discretion to remove investors from consideration if the investor fails to commit for two consecutive offerings.
Can the Sponsor call for Capital after purchase?
Should there be a need for additional investment capital the Sponsor will approach the investment group on a pro-rata basis. Please refer to the Operating Agreement for further details.
How Long Will My Investment Be Outstanding?
Trinity will outline the intended investment timeline in the PPM, but it cannot be more than 10 years without the consent of the majority of the investor group.
Distributions
When and how will cashflow distributions occur?
Distributions will be sent at the discretion of the Sponsor and based on the Operating Agreement.
Asset Management Decisions
How will Property Decisions be made?
All decisions regarding the operation, financing and sale of the Property are at the discretion of the Sponsor. Please refer to the Operating Agreement for further details.
What if I need to exit the investment?
The Sponsor shall have the first right to acquire should an investor want to sell its interest and any sale is subject to the approval of the Sponsor.
Contact Us
We welcome inquiries from family offices, high-net-worth individuals, institutional investors, and the trusted advisors who support them. Use the form below to connect with our team and explore how Trinity Real Estate can help advance your real estate, succession, and strategic goals.
