CEO and Managing Partner of Trilogy Investment Company Jason Joseph joins the Atlanta Real Estate Forum Podcast to talk about all things build-to-rent. Joseph joins Show Host and President of Denim Marketing Carol Morgan for a lively conversation on renters by choice and how the flexibility of renting equals equity for renters.
A native of Alpharetta, Joseph brings a wealth of experience from his background as an investment banker. Following the Great Recession in 2009, he entered the principal investing sector. With a keen eye for opportunity, he has navigated the real estate landscape through various market shifts, culminating in his leadership position at Trilogy Investment Company.
Trilogy Investment Company, celebrating its third year in April 2024, is a faith-based organization dedicated to innovating communities through shared experiences. The company’s focus on build-to-rent communities caters to a new class of renters—renters (or residents as Joseph prefers) by choice—who seek purpose-built rental housing with unique shared experiences. He highlights the significance of understanding renters by choice, a demographic characterized by higher median household incomes and a preference for flexibility over homeownership.
Joseph said, “Our residents don’t want to buy because they don’t want to sink their roots to where they now feel stuck. They want the flexibility of moving, whether they are Millennials moving for their career or Boomers that are retiring [and] selling larger homes in order to travel.”
One of the key distinctions of build-to-rent communities is the focus on long-term investment in quality and amenities. Unlike traditional multifamily developments, these communities offer residents a maintenance-free lifestyle in a home, as well as a well-managed community with features tailored to their preferences, such as dog parks, trails, communal grilling areas and recreational facilities. These communities can be in an urban or suburban setting.
Joseph said, “Building to rent will never replace multifamily; it will be a compliment to multifamily forever.”
Despite the promising prospects of build-to-rent communities, Joseph acknowledges the challenges the sector faces, particularly in managing construction costs, navigating municipal regulations and attracting institutional investors. However, he remains optimistic about the future of the sector, anticipating continued growth and innovation.
Joseph said, “Investors are becoming comfortable with being uncomfortable and being open to [investing] in build-to-rent.”
Looking ahead, Joseph expressed his excitement for upcoming projects and expansion plans. With a commitment to excellence and a vision for creating vibrant communities, Trilogy Investment Co. is poised to shape the future of build-to-rent housing. As the demand for rental housing continues to rise, innovative approaches like those pioneered by Trilogy are set to redefine the real estate industry for years to come.
Tune into the full interview via the link above to learn more about Trilogy Investment Co., or visit www.Trilogyic.com.
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