$7.5 million sale of Smith Woods subdivision marks a milestone
Trilogy Investment Company, a pioneering BTR development company, announces the successful sale of a 60-lot subdivision, Smith Woods, in Winder, Georgia, to Lennar, one of the nation’s leading home builders. The sale, which closed on February 15, 2024, for a total of $7.5 million, represents a strategic step by Trilogy Investment Co. to capitalize on its investments while supporting the growth of quality housing developments.
Trilogy Investment Co. acquired the Smith Woods property on October 27, 2021, and has since transformed the site from raw land into a fully developed, single family home lots, ready for home building to begin. This process underscores Trilogy’s ability to add significant value to its projects and the communities it serves while also providing healthy returns to its investors.
“Smith Woods exemplifies our strategic approach to investments, offering flexibility and multiple avenues for investor returns and community development,” said Jason Joseph, CEO and Managing Partner of Trilogy Investment Co. “While our primary focus remains on building high-quality build-to-rent (BTR) communities, the sale of finished lots to Lennar was an opportunity too beneficial to pass up, allowing us to de-risk the project and reallocate resources toward fulfilling the housing needs of the missing middle.”
The sale of Smith Woods to Lennar follows 18 months of discussions and is part of a broader collaboration, with Lennar expected to acquire multiple developments from Trilogy. The sale of Smith Woods strengthens the relationship between Trilogy Investment Co. and a top national home builder. It highlights the enduring appeal of finished lots, even amidst an uncertain real estate market.
Smith Woods is one of six Trilogy projects in the Atlanta Metro area and one of nine in Georgia. Based in Alpharetta, Trilogy focuses on BTR via its nationwide platform.
“Despite persistent inventory challenges, we anticipate a busier future for BTR. 2023 was a fantastic year for Trilogy Investment Co., and we expect 2024 to follow suit,” added Joseph.
Trilogy Investment Co. stands out in the BTR industry for its innovative approach, commitment to quality, strategic investments, and community engagement. As the company looks forward to continuing its growth trajectory and expanding its portfolio, it remains dedicated to setting new standards of excellence and shaping the future of rental living.
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.