Los Angeles Los Angeles

Trion Properties has partnered with the Ketter Group to build a new apartment property in Mid-Wilshire. Trion has a acquired a land site for an apartment development in the Mid-Wilshire neighborhood of Los Angeles for $7.4 million.

The land site is already entitled for 45 units, but Trion plans to re-entitle the property for a 58-unit apartment complex.  The property will take approximately 16 months to entitle and 24 months to develop. From there, Trion and Ketter plan to hold the cash-flowing asset for at least one year, then reevaluate based on current market conditions and investment strategy.

Trio and Ketter are currently developing a 45-unit property on the same block. It acquired the land for that acquisition in January.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.