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. 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

The Office Suites at St. Paul

NOW LEASING

We have completed renovations on 326 St. Paul Place, a beautiful Class B Modern Office building with elevator located in one of Baltimore’s most desirable locations. 5 floors with separate meters for every floor. Each suite also has separately controlled heat and a/c systems. Class-A office improvements with numerous windows overlooking Preston Gardens.

Located in the Central Business District and the Mt. Vernon Cultural District next to Preston Gardens, Mercy Hospital, the Courthouse, Route 40 and many other offices, hotels, residences & stores.

See our listing on Loopnet

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 100%

– 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.

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 protocol and security measures, the property is safe, well-cared for, stabilized and thriving.  The building is owned and managed by TriStar.  Current occupancy is 98%.