Tag: Trez Capital

Trez Capital funds $17 million for new master-planned community in Dorchester

Posted on by Mia Goulart

The Dallas-based office of Trez Capital announced the closing of a $17 million loan for the financing of phase one to develop 360 lots of Centurion American’s new master-planned community, Cottonwood. Close to the Texas-Oklahoma border, the 100-plus acre community located in Dorchester, just north of Gunter and Celina, will be near Texas Instruments’ new manufacturing plant, a business park being created by Texas Instruments, Finisar and other large corporations.

Cottonwood will offer over 2,000 lots that will serve a diverse range of community options and amenities including multifamily residences, commercial use, build-to-rent options, multiple school sites and nature trails throughout. The community sits 55 miles from Downtown Dallas and is in proximity to large corporation headquarters, providing amenity-rich, nearby housing for workers with families.

The phase one lots are expected to be completed in 2025.

Trez Capital announces key leadership changes

Posted on by Mia Goulart

Trez Capital, a leading provider of private commercial real estate debt and equity financing solutions in Canada and the United States, announced today that after almost 26 years as chairman and chief executive officer, firm founder Morley Greene will transition into the role of executive chairman. Executive leaders John D. Hutchinson and Dean Kirkham, will serve as co-chief executive officers, taking over day-to-day leadership of the firm.

Trez Capital’s partnership continues to undergo changes that bring new perspectives, skills and varied expertise. After 13 years with the firm holding progressively senior positions and 20 years of experience in the home building business, Hutchinson joined the partnership in Fall 2021. More recently, in early 2023, Kirkham and John Maragliano were welcomed as partners. Kirkham joined Trez Capital in 2016 as chief credit officer and has since taken on increasingly senior roles, culminating in his most recent position as president and chief operating officer. Maragliano joined Trez Capital in 2021 as chief financial officer, bringing 25 years of experience in the financial services industry. With this executive team’s diversified capabilities, Trez Capital has the right leaders in place to ensure its future success. 

In his new role as co-chief executive officer and global head of origination, Hutchinson will continue focusing on the firm’s debt and equity origination business. As co-chief executive officer and president, Kirkham will continue focusing on the key pillars of risk and capital raising for the firm. Together, they will set the mission, vision, values and strategic direction of the firm. Additionally, Maragliano will become chief operating officer, paired with his current role as chief financial officer.

In his role as founder and executive chairman, Greene will continue providing valuable mentorship to the executive team, while also actively contributing to key strategic initiatives. Furthermore, he will prioritize fostering strong relationships with borrowers and investors, which have been an essential component of the organization’s success over time.

Trez Capital announces the portfolio sale of two major projects in Texas

Posted on by Mia Goulart

Trez Capital is proud to announce the dual sale from its Trez Opportunity Funds (TOF) #4 and TOF #5 of The Beacon and The Dalton, located in the Austin region of Texas, as a portfolio to a single purchaser at a price exceeding initial sale expectations and providing investors with returns higher than the original proforma. Both projects are highly sought-after Austin multi-family communities that serve an undersupplied housing market. 

Trez Capital’s Equity Investment Program partners with experienced developers in markets with strong population, job and gross domestic product (GDP) growth. The sale of both projects speaks to the continued growth and unwavering demand in Texas. 

Both projects are in TOF #4 and TOF #5. After the sale of the remaining investments held by each TOF #4 and TOF #5, the Internal Rate of Return (IRR) on these funds are projected to be between 30% and 40%, which is well in excess of the projected IRRs of approximately 15% at the time of underwriting. There are several existing projects still performing in these TOFs, which will provide additional income to investors upon sale.

The Beacon and The Dalton are the fourth and fifth projects that Trez Capital has built in partnership with Thompson Realty Capital, which has over 25 years of experience in acquisitions, development, and property management of multi-family, office, and single-family residential projects. 

The Beacon contains 258 dwelling units, and The Dalton contains 350 dwelling units. Collectively, these two projects add more than 600 high-quality residential units to a booming region in Austin that needs more housing supply. The projects will also offer the communities attractive amenities. 

Trez Capital continues to invest in high-quality development opportunities across North America, particularly in the Sunbelt states such as Texas, Arizona and Florida, for the TOF series and Trez Capital Private Real Estate Fund Trust (TPREF). 

Trez Capital announces the portfolio sale of two major projects in Austin

Posted on by Mia Goulart

Trez Capital is proud to announce the dual sale from its Trez Opportunity Funds (TOF) #4 and TOF #5 of The Beacon and The Dalton, located in the Austin region of Texas, as a portfolio to a single purchaser at a price exceeding initial sale expectations and providing investors with returns higher than the original proforma. Both projects are highly sought-after Austin multi-family communities that serve an undersupplied housing market. 

Trez Capital’s Equity Investment Program partners with experienced developers in markets with strong population, job and gross domestic product (GDP) growth. The sale of both projects speaks to the continued growth and unwavering demand in Texas. 

Both projects are in TOF #4 and TOF #5. After the sale of the remaining investments held by each TOF #4 and TOF #5, the Internal Rate of Return (IRR) on these funds are projected to be between 30% and 40%, which is well in excess of the projected IRRs of approximately 15% at the time of underwriting. There are several existing projects still performing in these TOFs, which will provide additional income to investors upon sale.

The Beacon and The Dalton are the fourth and fifth projects that Trez Capital has built in partnership with Thompson Realty Capital, which has over 25 years of experience in acquisitions, development, and property management of multi-family, office, and single-family residential projects. 

The Beacon contains 258 dwelling units, and The Dalton contains 350 dwelling units. Collectively, these two projects add more than 600 high-quality residential units to a booming region in Austin that needs more housing supply. The projects will also offer the communities attractive amenities. 

Trez Capital continues to invest in high-quality development opportunities across North America, particularly in the Sunbelt states such as Texas, Arizona and Florida, for the TOF series and Trez Capital Private Real Estate Fund Trust (TPREF).