Three new purpose-built BTR communities comprise 267 homes
Trilogy Investment Co. enters the high barrier to development and booming Asheville, N.C. market with three new Build-To-Rent communities located throughout the Asheville metro market. The three Rệve Communities, located in Arden and the city of Asheville, comprise 267 rental townhomes across 35 acres.
The three Rệve communities represent the first fully zoned, entitled and permitted purpose-built BTR communities in the city of Asheville.
The communities are conveniently located near Interstate 26 and State Route 191, with easy access to all that Asheville offers, including the Biltmore Estate and Biltmore Village, multiple mountains and the Asheville regional airport.
Trilogy Investment Co. looks forward to working with county representatives as it continues to develop these Asheville communities.
“With the huge lack of housing in the area, we’re excited to introduce attainable rental housing to an under-served market. We love the area and appreciate its natural surroundings,” said Jason Joseph, CEO and Partner with Trilogy Investment Co.“Trilogy Investment Co. has been working for nearly two years to accomplish the zoning, entitlement and permitting process that enabled us to enter in the Asheville market.”
“With more than 450,000 people living in Asheville MSA, these communities will address a huge lack of housing in the area,” said Joseph.
Rệve townhome communities feature high-end finishes, including stainless steel appliances, quartz countertops, smart technology throughout the homes and a one- or two-car garage plus driveway. Residents will appreciate accessible onsite management, 24-hour maintenance and valet trash. In addition, amenities for each planned community include an expansive clubhouse, pool, playground, dog park and/or outdoor amenity areas with mountain views.
Construction is scheduled for Q3 2024, with pre-leasing beginning in mid-2025.
Despite the headwinds of 2023, Trilogy Investments Co. experienced significant growth with 10 communities in 2023 under lot development, vertical construction and/or placed into operations comprising 1,000+ units of single-family rental homes. The 2024 horizon looks even stronger and will bring additional growth to the Trilogy platform.
About Trilogy Investment Company
Led by a team of investment, development, and construction professionals, Trilogy Investment Company provides Build-To-Rent communities for residents seeking the stability and social benefits of home ownership but rent by choice or have been priced out of the competitive housing market. Located in desirable neighborhoods near good schools and major economic drivers, these communities offer luxurious finishes and coveted amenities for like-minded families and young professionals desiring rental opportunities beyond traditional apartments. Created with targeted demographics in mind, these communities provide the flexibility of rentals with the stability, privacy, and social benefits of homeownership. To learn more about Trilogy Investment Company, visit www.trilogyic.com and follow the company on LinkedIn.
