Track
Record
A Record Built Through Full-Cycle Execution
Track Record Assets is led by Trey Stone, whose multifamily career spans acquisition, operation, improvement, and exit across multiple market cycles.
Experience That Has Been Tested in the Field
Trey Stone’s experience has been built through acquisitions, operations, investor partnerships, property-level challenges, market shifts, and exits.
That experience informs how TRA evaluates opportunities today: where to buy, how to structure, what to avoid, and how to operate.
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6300 +Lifetime Multifamily Units Owned and Operated
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21 +Successful Exits
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$ 386 MLifetime Assets Under Management
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$ 156 MValue Added
- Current
- Exited
| Properties sold | Unit Count | Purchase Price | Purchase date | SOLD Price | SOLD date |
|---|
| Current portfolio | Unit Count | Purchase Price | Most Recent Appraisal | Appraisal Date |
|---|
Acquisition. Operation.
Improvement. Exit.
Trey’s record has been built across the full investment lifecycle. That matters because successful multifamily investing requires more than identifying a property. It requires underwriting the opportunity, structuring the capital, improving operations, managing risk, communicating with investors, and knowing when to exit.
TRA applies that full-cycle perspective to today’s market.
Knowing When
Not to Buy
One of the most important parts of Trey’s current story is restraint. Trey stepped away from active acquisitions during a period when pricing conditions became excessive. That discipline helped avoid exposure to deals built on peak-cycle assumptions, aggressive leverage, and unrealistic exit expectations.
Today, Trey Stone and TRA are re-entering the market because conditions have changed.
We believe repriced assets, motivated sellers, and operationally challenged properties may create opportunities for experienced operators with capital, patience, and property-level execution capability.
Trey Stone’s work in multifamily has been recognized at the local, state, and national levels, reflecting his long-standing involvement in the apartment industry and his commitment to improving communities through ownership and operations.
2007 Owner of the Year
Houston Apartment Association
2008 Owner of the Year
National Apartment Association
2010 Owner of the Year
Texas Apartment Association
Former President
Houston Apartment Association
