LOS ANGELES—Tryperion Partners, a new private real estate investment firm, has closed its first fund.
Tryperion RE Fund I, L.P. has $50 million of discretionary committed capital. It will pursue value-add acquisition and recapitalization opportunities for existing assets in secondary markets that appear poised for growth. Investments in a mix of office, retail, hospitality and multifamily properties are anticipated.
“Generally speaking, we're looking at markets that have strong employment and population growth,” says Joseph Kessel, a partner in the firm. “We're looking at areas that aren't seeing excess supply that aren't necessarily being targeted by other institutional investors: San Antonio, Salt Lake City, parts of Denver, Albuquerque, Phoenix.”
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