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Portfolio
Our portfolio reflects over 17 years of strategic investment across the capital stack, delivering value through preferred equity, joint venture equity, and lending partnerships. Each investment represents TRA’s commitment to disciplined underwriting, downside protection, and aligned upside with our partners.
TRA's current focus is our Small Balance Preferred Equity Platform. Below are examples of recent investments.
Southwood Apartments
Burien, WA
1983 Vintage
99 Units
TRA invested $2.7 million in preferred equity alongside a Chase Bank loan to support the sponsor's acquisition of the property.
Carlsbad Coast Apartments
Carlsbad, CA
1972 Vintage
72 Units
TRA invested $5.75 million in preferred equity alongside a Fannie Mae loan to support the payoff of the sponsor's bridge loan used for their 2021 acquisition.
Emerson Point Apartments
Elon, NC
2025 Vintage
48 Units
TRA invested $1 million in preferred equity alongside a bridge loan to support the sponsor's acquisition of the property.
1430 South Apartments
Philadelphia, PA
2015 Vintage
34 Units
TRA invested $1.15 million in preferred equity alongside a bridge loan to give the sponsor/submarket time for new supply to be absorbed and value fundamentals to improve.
Fountain Plaza Apartments
Chattanooga, TN
1912/2022 Vintage
59 Units
TRA invested $2.5 million in preferred equity alongside a Fannie Mae loan to support the payoff of the sponsor's bridge loan used for their 2021 acquisition.
Meadows of Graham Apartments
Graham, NC
2024 Vintage
68 Units
TRA invested $2.65 million in preferred equity alongside a Fannie Mae loan to support the sponsor's acquisition of the property.
Crescent Point Apartments
Olympia, WA
2022 Vintage
62 Units
TRA invested $2 million in preferred equity alongside a Fannie Mae loan to support the payoff of the sponsor's bridge loan used for their 2022 acquisition.
The Casey Apartments
Camas, WA
2023 Vintage
125 Units
TRA invested $3.7 million in preferred equity alongside a new bridge loan to support the payoff of the sponsor's construction loan and allow for lease-up and stabilization prior to seeking permanent debt.
Two Trees Apartments
Salt Lake City, UT
2024 Vintage
72 Units
TRA invested $2.3 million in preferred equity to support the completion of construction and lease-up, along with an extension of the senior construction loan into mini-perm financing.
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