Trilogy Real Estate Group Closes Oversubscribed Reg D Fund
Trilogy Real Estate Group, a sponsor of private placement investment offerings, recently completed fundraising for its latest fund.
Trilogy Real Estate Group, a sponsor of private placement investment offerings, recently completed fundraising for its latest fund, Trilogy Multifamily Fund IV. The fund raised more than $85 million in total commitments, exceeding its original goal of $75 million.
According to a filing with the Securities and Exchange Commission, Trilogy Multifamily Fund IV is a Regulation D 506(b) private placement offering that launched in November 2020.
Trilogy plans to use the proceeds to buy multifamily real estate assets in U.S. markets with favorable economic and demographic trends.
To date, the fund has purchased assets in Columbus, Ohio and Ann Arbor, Michigan, and plans to buy additional assets where it feels it can capitalize on a discount to intrinsic value caused by the current economic dislocation.
Trilogy said that it may expand the fund size to $125 million based on “the size and quality of the deal pipeline.”
“We believe the economic dislocation caused by COVID-19, combined with historically low interest rates, presents a compelling opportunity to deliver consistent, tax-efficient returns to our partners,” said Jesse Karasik, Trilogy chief investment officer. “While there will likely be operational challenges in the short term, we have made some of our best investments in previous times of economic uncertainty and are working hard to do so again.”
Trilogy Real Estate Group has sponsored several private investment funds and qualified opportunity zone funds and recently began expanding its investment offerings to retail investors via the independent broker-dealer and registered investment advisor distribution channels.
Since 2002, the principals of Trilogy have completed more than $4 billion in transaction volume, including $670 million of acquisition and financing activity in 2020.
Trilogy Real Estate Group is a real estate investment and property management firm focused on multifamily apartments and commercial real estate.
