TriLyn Establishes Investment Management Unit Backed by Akard Street Partners; John J. Feeney Jr. Joins to Co-Head Firm
GREENWICH, Conn., May 11, 2012 /PRNewswire/ -- TriLyn LLC announced today the formation of an investment management platform focused on opportunities in high yield commercial real estate debt. The new unit, TriLyn Investment Management LLC, is a SEC registered advisor and is capitalized by Dallas-based Akard Street Partners, an investment partnership operated by Hunt Realty Investments with the Teacher Retirement System of Texas. Akard was established in 2009 to invest in select private real estate investment and operating companies with the ability to create franchise value and achieve superior risk adjusted returns for its investors.
Joining TriLyn's founder Mark A. Antoncic to run the investment management unit is John J. Feeney, Jr.—they are co-managing partners. Mr. Feeney has 30 years of industry experience, including leadership roles in managing commercial and residential real estate securities, as well as various fixed income portfolios. Prior to joining TriLyn, Mr. Feeney held various positions at Brookfield Investment Management and its predecessor companies, including Chief Executive Officer and Head of the Investment Committee.
Mr. Antoncic, who formed TriLyn in 2002, said: "Akard's capital and John Feeney's experience position TriLyn to expand our established asset management and structured debt expertise into the funds management business at a time when we can take advantage of significant investment opportunities in the real estate capital markets for new and existing clients. Akard's support gives this platform an invaluable foundation as well as the exceptional endorsement from highly sophisticated institutional investors," he said.
Feeney said: "TriLyn will invest in a wide range of debt securities, for which opportunities continue to grow in the marketplace as the pace of restructuring activity picks up in the lurching real estate recovery. We think TriLyn is as well positioned and experienced to analyze and take advantage of these investment opportunities as any specialist firm in the capital markets."
Patricia Gibson, President of Hunt Realty Investments said: "TriLyn's proven expertise in high yield debt investing provides another facet to Akard's expanding group of operating companies, where we can benefit both from growing their business and gaining in investment performance."
About TriLyn Investment Management
TriLyn was originally formed in 2002 by Mr. Antoncic as a principal and advisor in the area of debt-oriented real estate investments, including senior and subordinate structured investments, mezzanine debt and CMBS. Seeking to capitalize on market opportunities given shifting real estate dynamics and values, TriLyn has been involved in various sectors including office, resort, hotel, multi-family retail and industrial. TriLyn also provides strategic counsel and hands-on asset management on an advisory basis to assist institutional investors in preserving capital, enhancing value and mitigating risk over complete market cycles.
About Hunt Realty Investments
Based in Dallas, Texas, Hunt Realty Investments, Inc. ("HRI") serves as the centralized real estate investment management resource for Hunt Consolidated, Inc., which is part of the Hunt family of companies directed by Ray L. Hunt. HRI has been active in all facets of the real estate investment business for over 30 years and works to identify and invest in unique opportunities that differentiate themselves from the typical commodity investments available in all markets. HRI has been one of the few companies which has successfully created and nurtured a series of attractive and fully-integrated private real estate operating company investments.
About Akard Street Partners
Created in 2009 through the partnership of HRI and the Teacher Retirement System of Texas, Akard Street Partners invests capital in select private real estate operating companies with the ability to create franchise value by positioning operators to efficiently scale portfolio and achieve superior risk-adjusted returns.
For more information on TriLyn, contact either Mark Antoncic ([email protected], 646- 290-3981) or John Feeney ([email protected], 646- 290-3982).
For information on Hunt Realty Investments or Akard Street Partners, contact Clyde Robinson, Senior Vice President & Director of Capital Strategies ([email protected], 703- 761-7085).
SOURCE TriLyn Investment Management
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