Trilogy Real Estate Group, a Chicago-based real estate investment and property management firm, recently closed fundraising for its latest offering. Trilogy Multifamily Fund V, LP had more than $100 million in total commitments exceeding the original goal. The proceeds will be used to complete construction of a geographically diversified portfolio of three Class A multifamily real estate developments: Rivertown Commons (408 units) in Grandville, Michigan; The Lodge (237 units) in Rochester Minnesota; and The Aurilla (171 units) in Cottage Grove Minnesota.
Jesse Karasik , Trilogy’s Chief Investment Officer stated “Our platform routinely analyzes opportunities that leverage underutilized land with durable renter demand and limited new supply to match capital with compelling risk-adjusted returns for investors.” With this fund closing successfully it is another example of how the integrated team at Trilogy is able to employ their full complement of services while delivering necessary households into the market.
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