Home Alts News Trilogy Real Estate Group Closes $100 Million Multifamily Fund

Trilogy Real Estate Group Closes $100 Million Multifamily Fund

Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, announced that the company has completed fundraising for Trilogy Multifamily Fund V LP. According to Trilogy, the fund was oversubscribed, raising in excess of $100 million.

The company is using the proceeds to complete the construction of a geographically diversified portfolio of three Class A multifamily real estate developments including Rivertown Commons, a 408-unit community in Grandville, Michigan; The Lodge, a 237-unit community in Rochester, Minnesota and The Aurilla, a 171-unit community in Cottage Grove, Minnesota.

“Our platform routinely analyzes, procures and executes opportunities that leverage underutilized land in markets with the most durable renter demand and limited new supply,” said Trilogy chief investment officer Jesse Karasik. “This fund is another example of how we are able to employ the full complement of Trilogy’s integrated team to match capital with opportunities that deliver necessary households to the market and compelling risk-adjusted returns to our investors.”

Trilogy Real Estate Group manages and develops properties across the Midwest, the East Coast, and the Southeast, and has sponsored private investment funds, Delaware Statutory Trusts and qualified opportunity zone funds. Since 2002, the principals of Trilogy have successfully invested in real estate assets valued in excess of $4.5 billion.

Click here to visit The DI Wire directory page.