Triwest Development

What Triwest Development does

Triwest Development is a privately-held Los Angeles-based real estate firm founded in 2014 by Blake Overend, Bryce Overend, and Omer Ivanir. It operates two affiliated divisions: TriWest Development, which builds and sells luxury single-family homes priced $7M-$14.5M+ in prime coastal Los Angeles County submarkets (Manhattan Beach, Hermosa Beach, Brentwood, Beverly Hills, Hollywood Hills), with a track record of 200+ properties delivered and a portfolio exceeding $330M; and TriWest Multifamily, an institutional-style multifamily investment platform targeting Class-B and Core Plus value-add assets across 11 US states, with target returns of 13-18% IRR and 1.5x+ multiples over 3-7 year holds.

The firm is vertically integrated through its affiliate Pillar Building Group (Pillar Homes), which executes construction for the luxury residential pipeline, enabling end-to-end control from land acquisition through sale. Distribution combines a corporate website with listings on Zillow, Redfin, Realtor.com, and TheMLS, earned media in Architectural Digest, Variety, and Million Dollar Listing LA, and an AppFolio-based investor portal for multifamily capital raising. TriWest's go-to-market is sales-led, targeting high-net-worth individuals for luxury homes and accredited investors for multifamily syndications.

Revenue is generated primarily through one-time luxury home sales and multifamily investment management (acquisition, repositioning, and eventual disposition). Notable recent activity includes regulatory approval for a 128-unit affordable housing project in Pico-Union under LA's TOC program, accelerating multifamily acquisitions through 2024-2025, and expansion into Charlotte, Nashville, and Atlanta markets. Leadership carries combined transaction experience of approximately $7.9B+, with senior executives drawn from TruAmerica, JLL, ARA, Greystar, and Cushman & Wakefield.

Name

Triwest Development

Legal name

Triwest Development

Website

https://triwestdevelopment.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Triwest Development is a private Los Angeles-based real estate firm operating two divisions: a luxury single-family developer (200+ homes delivered at $7M-$14.5M+) and TriWest Multifamily, which acquires value-add Class-B multifamily assets across 11 US states targeting 13-18% IRR.

Ownership category

akta.pro rank

Product category

Real Estate Development and Investment

NAICS

New Housing For-Sale Builders (236117)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Luxury residential development
• Multifamily real estate investment
• Value-add real estate
• Property investment management
• Real estate development services

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Luxury Home Sales: TriWest Development builds and sells luxury single-family homes in Los Angeles County prime coastal locations (Manhattan Beach, Hermosa Beach, Brentwood, Beverly Hills). Revenue generated from one-time property sales at price points ranging from $7M to $14M+. The firm has built and sold over 200 properties since inception.
2. Multifamily Investment Management: TriWest Multifamily acquires and manages multifamily properties throughout the Western United States, generating returns through value-add repositioning and eventual property disposition. Targets 13-18% IRR with 1.5x+ multiple over 3-7 year hold periods.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Triwest Development builds and sells luxury single-family homes in prime coastal Los Angeles County locations (Manhattan Beach, Hermosa Beach, Brentwood, Beverly Hills) at price points ranging from $7M to $14.5M+, having built and sold over 200 properties. Through its affiliate TriWest Multifamily, the firm also acquires and manages value-add Class-B and Core Plus multifamily properties across the Western United States, targeting 13-18% IRR with 1.5x+ equity multiples over 3-7 year hold periods.

Product overview

Triwest Development operates as a dual-focused real estate investment and development company with two core divisions. The primary division, TriWest Development, is a premier luxury residential development company that builds and sells luxury single-family homes in prime coastal Los Angeles County locations, having completed over 200 properties with a portfolio exceeding $330 million. The second division, TriWest Multifamily, is a multifamily real estate investment company targeting value-add Class-B and Core Plus properties across the Western United States with 13-18% IRR targets. These divisions share operational infrastructure including a partnership with Pillar Building Group for construction execution and a common leadership team including founders Omer Ivanir, Bryce Overend, and Blake Overend.

Differentiator

Problem solved

Functional benefit

Products and services

• TriWest Development Luxury Residential Premier luxury residential real estate development focused on building and selling luxury single-family homes in prime coastal Los Angeles County locations. The firm has built and sold over 200 properties since inception with a current portfolio valued at over $330 million.
• TriWest Multifamily Investment Multifamily real estate investment company focused on value-add Class-B and Core Plus properties throughout the Western United States, including California, New Mexico, Arizona, Nevada, South Carolina, North Carolina, Colorado, Texas, Georgia, Tennessee, and Florida. Target returns are 13-18% IRR with 1.5x+ multiple and three to seven year hold period.

Quantifiable outcome

• 13-18% IRR target for multifamily investors
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Cypress Equity InvestmentsminorStrategic or Co-development Partner · 21 October 2020TriWest Development partnered with Cypress Equity Investments for a 176-unit apartment complex development at 2217-2235 West Sunset Boulevard in Echo Park. The firms filed joint plans with the Department of City Planning for the multifamily project.
• Pillar Building GroupcoreStrategic or Co-development PartnerVertically integrated construction platform through affiliate Pillar Building Group (also operating as Pillar Homes), providing end-to-end construction execution capabilities for TriWest Development's luxury home projects. Pillar Building Group enables quality control and operational efficiency across the development process.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• TruAmerica Multifamily: National value-add multifamily operator where key TriWest partners (Zach Rivas, Greg Zartarian) previously worked. TruAmerica runs a comparable Class-B/Core-Plus value-add strategy across Western and Sun Belt US markets and is the closest institutional analog to TriWest Multifamily.
• The Bascom Group: Value-add multifamily investment and property management firm operating similar Class-B repositioning strategies across the Western US and Sun Belt. Comparable scale, target returns, and product type to TriWest Multifamily.
• Hamilton Zanze: Private real estate investment firm focused on value-add multifamily acquisitions with similar Sun Belt geographic overlap and sub-institutional scale. Closely comparable operating model and unit count targets per deal.
• Cypress Equity Investments: Los Angeles-based multifamily developer and owner that has a documented JV partnership with TriWest on the Echo Park 176-unit project. Operates a comparable LA-anchored multifamily development platform.
• The New Home Company: California-focused new home builder with overlap in Southern California luxury and move-up segments. Compares to TriWest Development on for-sale single-family construction model and SoCal geographic concentration.

Broad incumbents

• Greystar Real Estate Partners: Largest US multifamily and student-housing operator with vertically integrated investment, development, and management capability. Provides the institutional benchmark for what a scaled version of TriWest Multifamily could become.
• JLL Multifamily (Capital Markets): Global real estate services firm with a multifamily investment-sales and capital-markets practice in which partner Zach Rivas previously worked. Comparable in deal-flow scale and acquirer-side advisory scope.
• Marcus & Millichap: National commercial real estate investment-sales and capital-markets firm with a dedicated multifamily brokerage. Comparable to TriWest in providing investor and principal-side advisory across Western US multifamily markets.

Emerging players

• Stockbridge Capital Group: Real estate investment manager with multifamily and value-add strategies across US growth markets. Comparable LP-led multifamily investment thesis and Western/Sun Belt geographic overlap.

Regional players

• Watt Companies: Los Angeles-based diversified real estate developer and investor active in Southern California residential and mixed-use projects. Comparable in LA geographic focus and luxury/infill development orientation.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Triwest Development