private real estate investment

Discover Tryperion

About

Tryperion Holdings is a private real estate investment firm that provides investment management services to a range of foundations, family offices, and high net worth investors.  The firm executes value-add strategies through direct and joint venture investments, primarily in existing assets located in inefficiently-priced Western and Midwestern U.S. markets.  Tryperion utilizes its extensive real estate expertise and industry relationships to create value through aggressive management and leasing, strategic capital improvements, and prudent financing programs.

Team
Jeffrey Karsh
Jeffrey Karsh

Mr. Karsh is CEO and Founder of Tryperion Holdings. His primary responsibilities include sourcing and executing new investments, managing corporate operations, and overseeing investor relations and reporting.

jkarsh@tryperion.com(310) 421-1033

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Jeffrey Karsh
Jeffrey Karsh
Acquisitions, Investor Relations

Mr. Karsh is CEO and Founder of Tryperion Holdings. His primary responsibilities include sourcing and executing new investments, managing corporate operations, and overseeing investor relations and reporting.

Prior to forming Tryperion, Mr. Karsh was an Acquisitions Analyst for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for underwriting, structuring and executing value-add and opportunistic transactions. He holds a Bachelor of Arts degree in Political Science from the University of Pennsylvania. Mr. Karsh is a member of ULI and is also a Real Estate & Construction member of the Jewish Federation of Greater Los Angeles.

jkarsh@tryperion.com
(310) 421-1033

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Eliot Bencuya
Eliot Bencuya

Mr. Bencuya is a Senior Advisor for Tryperion Holdings and former co-founder of Tryperion Partners. His primary responsibilities include sourcing and executing new investments, procuring asset financing and directing the firm’s investment strategy.

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Eliot Bencuya
Eliot Bencuya
Senior Advisor

Mr. Bencuya is a Senior Advisor for Tryperion Holdings and former co-founder of Tryperion Partners. His primary responsibilities include sourcing and executing new investments, procuring asset financing and directing the firm’s investment strategy.
He was a Vice President of Acquisitions for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds. He holds a Bachelor of Arts degree in Economics and International Studies from Yale University, and a Masters of Business Administration degree from the Haas School of Business at the University of California, Berkeley. Mr. Bencuya is a member of ULI.

Janet Pudelko
Janet Pudelko

Ms. Pudelko serves as SVP Accounting and Operations at Tryperion Holdings. Her primary responsibilities include overseeing accounting and reporting.


jpudelko@tryperion.com(310) 421-1041

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Janet Pudelko
Janet Pudelko
SVP Accounting and Operations

Ms. Pudelko has experience in both public accounting and private industry.  Prior to joining Tryperion Holdings, Ms. Pudelko was a Senior Manager at Ernst & Young LLP in the Financial Accounting Advisory Services group, where she was responsible for providing technical accounting assistance to clients primarily within the real estate sector related to transactions, financial reporting, and newly issued accounting standards.  Prior to joining Ernst & Young LLP, Ms. Pudelko was a Controller for Colony Capital, Inc., as well as an auditor for a national accounting firm.  She graduated cum laude from the University of Massachusetts, Amherst with a Bachelor of Science and holds a Master of Business Administration from the University of California, Irvine.  Ms. Pudelko is a Certified Public Accountant in the state of California and a member of the American Institute of Certified Public Accountants.

jpudelko@tryperion.com
(310) 421-1041

Kyle Jenkins
Andrew Kowell

Mr. Kowell serves as Managing Director – Head of Asset Management of Tryperion Holdings.


akowell@tryperion.com(310) 421-1061

Mr. Kowell serves as Managing Director – Head of Asset Management of Tryperion Holdings, where he is responsible for asset and portfolio management.

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Andrew Kowell
Andrew KoWell
Managing Director – Head of Asset Management

Mr. Kowell previously served as Managing Director – Asset Management at Watt Investment Partners and, before that, as Senior Vice President at Gaw Capital US. Between such leadership positions, he was responsible for all asset management functions, including but not limited to asset performance, business plan execution, contract negotiation, risk management, client reporting, team oversight, and instituting best practices. Further, during his 20+ year investment career, which includes previously-held positions at The Carlyle Group and ASB Real Estate Investments, Mr. Kowell has in-depth experience in (i) acquisitions, asset and portfolio management, development, dispositions, financing, and client relations, (ii) most asset types and risk profiles, and (iii) a variety of deal structures. He holds a Bachelor of Arts degree in Mathematics and Economics from the University of Pennsylvania.

akowell@tryperion.com
(310) 421-1061

Mr. Kowell serves as Managing Director – Head of Asset Management of Tryperion Holdings, where he is responsible for asset and portfolio management. Prior to joining our team, Mr. Kowell served as Managing Director – Asset Management at Watt Investment Partners and, before that, as Senior Vice President at Gaw Capital USA; between such leadership positions, he was responsible for all asset management functions, including but not limited to asset performance, business plan execution, contract negotiation, risk management, client reporting, team oversight, and instituting best practices. Further, during his 20+ year investment career, which includes the aforementioned roles as well as previously held positions at The Carlyle Group and ASB Real Estate Investments, Mr. Kowell has in-depth experience in (i) acquisitions, asset and portfolio management, development, dispositions, financing, and client relations, (ii) most asset types and risk profiles (from core to opportunistic investments) across the United States, and (iii) most investment vehicles and deal structures (e.g., open/close-end funds, separate accounts, and joint-venture & direct investments). He holds a Bachelor of Arts degree in Mathematics and Economics from the University of Pennsylvania. In addition to his position at Tryperion Holdings LLC, Mr. Kowell concurrently serves as the Chief Operating Officer of the management entity (i.e., SW Manager LLC) for Streitwise, a public, non-traded REIT.

James Sumaya
ALEX WILLS

Mr. Wills is the Marketing Director for Tryperion Holdings.  Prior to joining Tryperion Holdings, Mr. Wills was responsible for managing the lead generation for those seeking to put alternative investments into their retirement.

awills@tryperion.com
(310) 421-1031

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James Sumaya
ALEX WILLS
MARKETING DIRECTOR



Mr. Wills in the Marketing DIrector for Tryperion Partners. Prior to joining Streitwise, Mr. Wills was responsible for managing the lead generation for those seeking to put alternative investments into their retirement. This included digital currency assets such as Bitcoin as well precious metals assets like gold. Previously, Mr. Wills was the Director of Lead Generation at GTMA, a real estate marketing agency, where he was responsible for managing the lead generation & marketing of over 200 large multifamily properties nationwide. Mr. Wills holds a Bachelor of Science degree in Marketing from the University of Florida.

awills@tryperion.com
(310) 421-1031

James Sumaya
Lauren Rickert

Ms. Rickert is a Vice President at Tryperion Holdings. Her primary responsibilities include underwriting new deals, closing acquisitions, and assisting the investment committee.

lrickert@tryperion.com(310) 421-1039

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Lauren Rickert
Lauren Rickert
Vice President

Ms. Rickert is a Vice President at Tryperion Holdings.  Her primary responsibilities include underwriting new deals, closing acquisitions, and assisting the investment committee.
Prior to joining Tryperion Holdings, Ms. Rickert was an Associate at Eastdil Secured in the Debt Placement group, where she was responsible for underwriting, sourcing, and structuring financings in all major property types across the country. From 2011 to 2015, Ms. Rickert was employed at GE Capital Real Estate, serving as an analyst with the Risk Management Program until 2013, and as an Associate with the New York Capital Markets team from 2013 to 2015.Ms. Rickert received a Bachelor of Science degree in Business Administration from the University of Southern California. She is a member of ULI.

lrickert@tryperion.com
(310) 421-1039

Greg McGanty
Greg McGanty

Mr. McGanty is an Associate at Tryperion Holdings. His primary responsibilities include acquisitions, asset management, and investor relations.

gmcganty@tryperion.com(310) 405-2423

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Greg McGanty
GREG MCGANTY
ASSOCIATE

Mr. McGanty is an Associate at Tryperion Holdings. His primary responsibilities include acquisitions, asset management, and investor relations. Prior to joining Tryperion Holdings, Mr. McGanty was an Associate at RealtyMogul in the Commercial Real Estate (Limited Partnership) group, where he was responsible for underwriting value-add and development transactions, assessing due diligence, and executing investments. He was involved in transactions spanning all major asset types in markets across the country. From 2015 to 2017, he served as Account Manager for CoreSite, a major provider of datacenter space and services. Mr. McGanty received a Bachelor of Arts degree in English Literature from the University of Southern California and has taken several finance and accounting courses at UCLA Extension.

gmcganty@tryperion.com
310-405-2423

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Experience

The Tryperion team is experienced in managing complex real estate investments through multiple business cycles and through the life cycle of each investment, from acquisition and business plan execution, to realization. Collectively, Tryperion’s founders have acquired, owned, and managed over $1.6 billion of real estate equity investments valued in excess of $5.0 billion spanning all asset classes.

The firm applies an integrative management approach to optimize asset performance.  Areas of expertise and focus include:
  • Asset Repositioning
  • Property Management & Leasing Coordination
  • Financings, Refinancings, & Dispositions
  • Legal Review & Transaction Documentation
  • Real-time Market Research & Hold/Sell Analyses

Investments

Transaction Types
Acquisition or Recapitalization
OR
Transaction Types
Acquisition
Recapitalization
Transaction Size
$3 Million Equity to $15 Million Equity
Transaction Size
TO
$3 Million Equity
$15 Million Equity
Holding Period
3 Years to 7 Years
Holding Period
TO
3 Years
7 Years
Product Types
Office
Industrial
Retail
Multi Family
 hospitality
* Tryperion does not currently invest in land or development deals
80% Maximum Leverage (75% Fund Level)
80% Maximum Deal Level Leverage (75% Fund Level)
Structures
Direct Acquisition, Common Equity Joint Venture, Preferred Equity Joint Venture
Locations
All U.S. Markets
Target assets exhibit one or more of the following characteristics:
  • Strong in-place cash yields
  • Below replacement cost
  • Distressed ownership
  • Inefficiency in the sales process
  • Value potential due to oversight / mismanagement


i. All material on this website is information of a general nature and does not address the circumstances of any particular individual or entity.

ii. Nothing on this site constitutes or forms a part of any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied upon in any connection with any contract or commitment whatsoever.

iii. Certain statements on the website constitute forward-looking statements. When used on the site, the words “may,” “will,” “anticipate,” “believe,” “estimate,” “intend,” “expect,” “continue,” and similar expressions or the negative thereof are generally intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the actual results, performance or achievements to differ materially from any futures results, performance or achievements expressed or implied by such forward-looking statements.

Download the Tryperion RE Fund II brochure
  • Transaction Types:
  • Transaction Size:
  • Holding Period:
  • Leverage:
  • Return Target:
  • Product Types:
  • Structures:
  • Locations:
  • Acquisition, Recapitalization
  • $3 to $15 Million Equity Investment
  • 3-7 Years
  • 15% Minimum Leveraged IRR
  • 80% Maximum Deal Level Leverage (75% Fund Level)
  • Office, Retail, Multifamily, and Hospitality (no land or development)
  • Direct Acquisition, Common Equity Joint Venture, Preferred Equity Joint Venture
  • West and Midwest U.S. markets

Services

We offer two primary service lines

Commingled fund vehicles providing exposure to income producing investments diversified by property type, geographic location, and position in the capital structure.
Equity Funds
Individual or programmatic investments catered to each client’s objectives.
Separate Accounts
optimal incentive alignment

Tryperion’s principals invest alongside clients in both the Equity Funds and Separate Accounts to ensure optimal incentive alignment.

Inquiry ...
All inquiries go to Jeffrey Karsh
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