Trez Capital Reports Resilient Q3 2024 Performance with Key Investments in High-Growth Markets

Trez Capital Continues Strategic Focus on Residential Portfolio Amid Economic Shifts

VANCOUVER, BC, Nov. 19, 2024 /CNW/ - Trez Capital, a leader in North American commercial real estate investments, reports its Q3 2024 results, underscoring the Firm's strong market position and stable portfolio growth. With assets under management (AUM) of $5.4 billion CAD, Trez Capital hits over $20 billion CAD in loans funded since inception.

Corporate Update: Leadership Strengthening Risk and Origination Focus

In Q3, Trez Capital reinforced its leadership structure in both Canadian and United States (U.S.) offices, officially appointing Christian Skogen, Chief Risk Officer, and Alec Barry, Executive Managing Director, U.S. Origination, to the Executive Leadership Team. Both executive leaders bring deep expertise to support Trez Capital's focus on disciplined risk management and key submarket investment focus in the U.S. market.

Economic & Investment Strategy Update

As interest rates eased in Canada and the U.S., Trez Capital strategically focused on lot development and multi-family construction loans to repeat sponsors in regions with strong economic fundamentals, particularly in Texas and Arizona.

A significant equity investment made in the third quarter includes the Nobella project for Trez Opportunity Fund #8 (TOF VIII). The development comprises of 549 lots in the Phoenix metropolitan statistical area (MSA), specifically located in Surprise, Arizona. This project is strategically positioned to meet the strong housing demand in the area, which is supported by an annual population growth rate of nearly 2.0% and significant U.S. in-migration. The development features a diverse range of lots, including pre-sold options, with properties designed for both 'for sale' and 'build-to-rent' purposes. This approach caters to renters and buyers alike while aligning with Trez Capital's residential development strategy, which focuses on delivering high-quality housing in economically and demographically strong markets

Phoenix's strong job market and ongoing economic growth further reinforce long-term demand and stability for this lot development project. Nobella has already attracted substantial interest from local and national builders. The projects phased development approach is designed to take advantage of favourable market conditions while delivering a wide range of housing options to meet the evolving needs of Phoenix's expanding population.

This investment highlights Trez Capital's strategic agility in capitalizing on resilient markets, setting the stage for continued growth into 2025.

"Trez Capital has successfully navigated a highly stressed environment for real estate investors through robust risk management practices, diligent management of liquidity and strong, trusted relationships with our investors, borrowers and financing partners," said John Maragliano, Chief Financial Officer & Chief Operating Officer. "We have selectively focused on the best deployment opportunities for our investors' capital and are optimistic about the future as we turn the corner on this interest rate cycle."

For further details, access the full Q3 2024 report here.

About Trez Capital 

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt and equity financing solutions across North America. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured mortgage investment funds, syndications and joint-ventures; and provides property developers with quick approvals on flexible short- to mid-term financing. 

With offices throughout North America, Trez Corporate Group has over $5.4* billion CAD in assets under management and has funded over 1,800 transactions totalling more than $20 billion CAD since its inception. For more information visit www.trezcapital.com. (*Trez Corporate Group AUM includes assets held by all Trez-related entities as well as $3.0 billion Manager AUM (Trez Capital Fund Management Limited Partnership)). 

SOURCE Trez Capital

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