TriEx Strategies acquires under performing assets that suffer from operational or capital deficiencies and takes corrective action to unlock value  for our investors.

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Some of our Current Projects Include:


1060 Nevada 

1060 Nevada Street

Reno, NV

Acquisition Date: October 2017

Units: 8

  • Value-Add Strategy with significant upside, located blocks from the University of Nevada. 
  • Building rehabilitation planned to include: full interior rehab, addition of air-conditioning, in-unit washer/dryer, and resident common area. 

 

4855 Joule 

4855 Joule, B5

Reno, NV

Acquisition Date: April 2017

Size: 5,000 SF Flex Space, with fenced in yard. 

  • Core Investment adjacent to Reno-Tahoe International Airport. 
  • Future plans may include to locate the operations of TriEx Development.
  • Will be a long term hold due to the unique location, and rapidly growing flex space demand in Northern Nevada. 

 

Virginia Street Apartments 

1413-1425 N. Virginia Street

Reno, NV

Acquisition Date: November 2016, January 2017

Units: 31

  • Value-Add Strategy, acquired from two separate owners to combine 4 contiguous parcels of land directly across the street from the University of Nevada. 
  • Severely under-performing asset at acquisition with deferred maintenance issues, and in need of professional management.
  • Asset management plan implemented to enhance revenues/property efficiency and to address deferred maintenance issues with a capital expenditure plan. 
  • Capital Expenditure plan includes: renovation of common laundry, exterior renovation, and branding to blend the four parcels together as one complex, and full renovation of select units. 
  • Situated between two high-density multifamily redevelopment projects on N. Virginia Street, which gives the garden apartment style layout of the Virginia Street Apartments a competitive advantage in the rental marketplace. 

 

Greentree Apartments 

830 G Street

Sparks, NV

Acquisition Date: April 2016

units: 51
 

  • Core investment in West Sparks submarket.
  • Under-performing, well maintained asset at acquisition.
  • Implemented asset management plan to increase revenues and enhance property performance. 
  • Prime development opportunity for additional units on adjacent parcels. 

 

445 La Rue

445 La Rue Avenue

Reno, NV

Acquisition Date: October 2015

Units: 8

  • Long Term Value-Add Strategy.

  • Located in the highly desirable Old-Southwest submarket.

  • Heavily under-performing asset at acquisition, with deferred maintenance issues. 

  • Full-rehab planned for 445 La Rue in 2018, which will include: in unit laundry, high end finishes, new appliances, and exterior/landscaping renovation.