The TriStar Way

The TriStar team knows Baltimore real estate–street by street and block by block. We specialize in acquiring under-performing real estate assets and turning them into viable cash-flowing projects.  Many of our properties gross 3-6 times the average for real estate of the same type and class.  We call that the TriStar Way—our own special brand of realizing the ultimate potential of building wealth with real estate for our investors and ourselves. TriStar works with lenders and those in our close circle of family, friends and business associates to fund acquisition and renovation of the properties in our portfolio shown below.

This is not a public offering.  Information on this website is provided for the sole purpose of updating current TriStar investors on project status.  TriStar investment opportunities are open to accredited investors in our immediate circle only.  

Projects & Assets

Mayflower Apartments

Acquired: August 2018
Acquisition & Renovations:
$4.6m
 Stabilized Value: $7.2m
Investor Preferred Return: 10% Annualized
Investor Target Return: 14%+ Annualized
Capital Stack: Equity & Debt

  • Funding Status 90%

TriStar Group is proud to announce the acquisition of its latest multifamily investment opportunity available to accredited investors inside the TSG network. The TSG team stabilized our first Multifamily, Mulberry Court Apartments (purchased in 2015) ahead of schedule. We have built an incredible management system and reliable team that is ready and able to repeat our success with Mayflower Apartments!

– Currently Cash-Flowing @ 98% Occupancy Rate

– 65 Units/ 3 Stories

– Garden Style Apartments with recent renovations

– Nearby Public Transportation

– BWI Airport within a 30-minute drive

– Near Johns Hopkins and Morgan State University

Charm City Suites

Acquired: 2014 to 2017
Acquisition & Renovations:
$5m
 Stabilized Value: $12.75m
Investor Preferred Return: 10% Annualized
Investor Target Return: 15%+ Annualized
Capital Stack: Equity & Debt

  • Funding Status 33%

Starting with just 3 properties in 2015, Charm City Suites has grown to be a leader in the luxury hospitality market in Baltimore city with 10 single family homes operating as short term vacation rental accommodations. Through this model, the Charm City Suites team has positioned themselves for scalable, sustainable growth through developing full customer service, marketing, house cleaning, and maintenance teams. On average, Charm City Suites properties net 6 to 8 times the profit  of a traditional, long term rental property. During the start up phase, the Charm City Suites brand realized up to 112% revenue gains  and is projected to continue growth at 6% over the next 5 years, generating upwards of $1.58MM annual revenue by 2022. All 10 properties inside this portfolio are currently owned by TriStar.

St. Paul CoWork

Acquired: September 2016
Acquisition & Renovations:
$2.51M
Stabilized Value: $5.5M
Investor Preferred Return: 10% Annualized
Investor Target Return: 14%+ Annualized
Capital Stack: Private Equity & Debt

  • Funding Status 25%

Project consists of Rehab/construction of an historic property office building and start up/furnishings cost for an open office concept. 326 St Paul Place is a 12,500 sq ft historic office building located in downtown Baltimore city. It is our goal to reposition the current 7 total Class C office suites as energized Class A/B co-work office space for the growing downtown business market. To complete the reposition, we plan to renovate 4 floors of the property into an open office concept, offering over 120 individual workstations and featuring amenities including kitchens, meeting and conference spaces, teaching/class room access, and 24hr access through smart building systems. Early innovators of this trend are led by WeWork; an organization who has released a valuation of nearly $20b and received a $4.4b investment from Softbank in August 2017. 326 St. Paul Place is currently owned by TriStar.

Acquired: August 2015
Acquisition & Renovations:
$4.2M
Stabilized Value: $6.9M
Investor Preferred Return: 8% Annualized
Investor Target Return: 13% Annualized
Capital Stack: Private Equity & Debt

  • Funding Status 100%

Mulberry Court is a 62 unit affordable housing community in Baltimore, Maryland. The property was built in 1994 in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program providing apartments for low-income households. In addition to its residential units, Mulberry Court features 6 ground floor retail spaces and 17 garage spaces.  Since TriStar’s acquisition in 2014, occupancy and tenant retention has dramatically improved and thanks to TriStar’s maintenance protocal and security measures, the property is safe, well-cared for, stabilized and thriving.  The building is owned and managed by TriStar.  Current occupancy as of February 2018 is 98%.