Managing Partner and cofounder of Trion Properties. Keeping it real estate.
Joined January 2010
- Tweets984
- Following841
- Followers2K
- Likes3.1K
🎻
Mamdani endorses fellow Democratic socialist who stands up to corporate power and is married to a managing director of Allen & Co.
nytimes.com/2026/04/17/nyreg…
I may have just inadvertently run the most Jewish search in the short history of AI searches.
Happy Passover!
This is exactly right, not just for great neighborhoods, but for affordable ones too.
For example, Houston consistently ranks among the top five MSAs for in-migration, yet its rent growth remains below CPI.
The reason is simple: with no zoning constraints, developers can build enough housing to meet demand, and often exceed it.
Max Sharkansky retweeted
Barry Sternlicht gives an insightful view about the challenges of real estate right now - and how to still make a lot of money in the current environment
Here's what he said:
"I think people, as they always do, tend to look in the rear view mirror and they look at a suboptimal performance of the real estate asset class across the last 3-4 years.
Nvidia goes up a trillion dollars in four months. Like the hot kids on the block are everything AI, everything chatbot, etc...
There are meme stocks that go from zero to $7 a share on a tweet.
Crypto - there's worthless coins with $20+ billion dollar market caps. There's a coin called Useless. It's [literally] useless. It debuted in March 2025 and it went to a $700 million value. And the coin says "we are completely useless"
In real estate people get rich but it's boring. You get rich holding on to it over long periods of time. It's not a day trading asset. The country right now is very impatient. So people want to play the hot thing.
Real estate looks sort of sad in your portfolio right now. The only thing it beats is treasuries. And even then, it's not even beaten that.
But you'll do well picking properties in the right cities... Everything is micro in real estate.
For example, I built a building in South Beach.
The first lease was $54. It's on the beach, and nobody built a new office building in 20+ years.
We leased it up in the pandemic. It's 100% leased. A tenant actually needs to grow, and they called us last week. They're paying $125 and we'll re-lease it at $175.
I mean, you can still make a lot of money if you get the micro market right."
Shelter has been dropping for two years. Our reporting system on shelter needs to be torn down and rebuilt from scratch.
Thank you for the plug, David!
If you need third party PM services by a team who will treat your property as their own, please reach out. DMs are open.
BREAKING NEWS: @trionproperties is expanding into third-party management!
For nearly two decades, we’ve operated as an owner-operator, sharpening our edge in acquisitions, renovations, and most importantly, operations.
Our in-house management platform has consistently driven NOI, turned around underperforming assets, and created real value for our investors.
Now, we’re taking that expertise to the broader market.
Over the years, LPs and partners have asked us to step in on troubled properties, and we’ve delivered, taking occupancy from the low 80s to the mid-90s in a matter of months.
With the depth of our regional teams, a strong vendor network, and the operational discipline of an owner’s mindset, we’re ready to bring those results to others.
This isn’t about being just another management company. It’s about aligning interests, managing with an OWNER mindset, and maximizing value through operations.
No one to do it better than the Trion Team @maxsharkansky Mitch Paskover Natalina Rettew Johnny De La Espriella, MBA Kareline Dekermendjian Simon Leonov Max Sanchez Mahshad Hubbard, CPA
#DealFlowFriday
#Multifamily #RealEstate #PropertyManagement #Operations #TrionProperties
Max Sharkansky retweeted
Once obtained a building permit for a new ground up grocery store in a South Florida town in two weeks.
What does this mean about evictions and missed rent? Do missed payments that are 30+ days late adversely affect credit scores and are reportable to the agencies? What’s the process with reporting positive results?
Max Sharkansky retweeted
The reason no one is buying houses right now is because U.S. housing market affordability is literally at the worst level in the past 35 years.
Today, an American making median income needs to spend 39.7% to afford the monthly mortgage, tax, and insurance payment.
The long-term norm is 29%.
And during the depths of the last housing crash, it became as cheap as 22%.
For a rebound in the housing market to take place, this Mortgage Payment/Income Ratio needs to get cheaper, probably closer to 30%.
To get there, home values need to drop 15%, and mortgage rates need to drop 1.5%.
🙏
Fed's Powell: I won’t say if July is too soon to cut rates. I wouldn't take any meeting off table, it depends on the data
#MacroEdge
Thank you, Uncle Larry!
Rent control is the second-best way to destroy a city, after bombing. And, because of what it leads to in terms of under investment in repairing, maintaining, constructing new apartments, I think this is likely to exacerbate rather than improve issues around housing affordability in New York. This would be a gross policy error by @ZohranKMamdani.
Watch tonight's Wall Street Week with @DavidWestin @BloombergTV
bloomberg.com/news/videos/20…
I’m the furthest thing from an expert in sovereign bonds, but for sovereign bond investors US long-term treasuries seem like an incredible bargain at this moment in time.
Max Sharkansky retweeted
For years, landlords have warned that rent-stabilization laws are financially unsustainable. Now, for the first time, they’re proving it — with receipts.
In an investigation by Bisnow reporter Sasha Jones, two major New York City property owners managing 4,300 rent-stabilized apartments across the outer boroughs handed over their financials. What they reveal is bleak ...
bisnow.com/new-york/news/aff…
Max Sharkansky retweeted
This was a fun one! Looking forward to doing this state of the market recap with @maxsharkansky and Mitch more often.
Episode 15 STATE OF THE MARKET is now LIVE 📈
In Episode 15 of Deal Flow Friday, I sat down with @trionproperties Managing Partners @maxsharkansky and Mitch Paskover to break down how 2025 has unfolded so far, and what’s ahead.
On capital markets: “Rates are still the wild card, but I stand by my prediction of 3–4 cuts this year... The U.S. is behind the curve while other central banks are already cutting.”
On tariffs & supply: “Tariffs are hurting confidence more than they’re driving prices up. That’s recessionary, not inflationary... Construction costs are high, and tariffs are the nail in the coffin for new supply. That’s good for existing multifamily owners.”
On distress & investment strategy: “We’re underwriting deals at or below loan basis. But lenders still aren’t ready to take the haircut... You’re starting to see distress, but mostly in geographies like Atlanta and Charlotte, it’s more situational than widespread.”
On investor sentiment: “The smart LPs are moving now, because the downside risk is limited and the upside optionality is real... You don’t need a screaming IRR if you’re buying at a 6.25% cap with sub-5% debt.”
On where Trion is buying: “We’re long the West Coast. Portland and NorCal are undersupplied and turning the corner.”
And where Trion is NOT buying: “The Midwest had its moment, but it’s overheated. When your dentist asks about Columbus, it’s time to get out.”
This episode is a raw, unfiltered view of the current market, where deals are getting stuck, where the next opportunities are, and what we’re actually doing with our own capital right now.
🎙 Episode 15 is live now.
We’re in the market for a senior accountant. Please DM me if you know of any great candidates. Yardi experience is a prerequisite.