CHICAGO, March 2, 2021 /PRNewswire/ — Trilogy Actual Property Group, a Chicago-based actual property funding and property administration agency, lately accomplished fundraising for its newest fund. The fund, Trilogy Multifamily Fund IV, had over $85 million in whole commitments, exceeding its unique aim of $75 million.
Trilogy intends to make the most of the proceeds to accumulate multifamily actual property belongings in U.S. markets with favorable financial and demographic developments. Up to now, the Fund has acquired belongings in Columbus, Ohio and Ann Arbor, Michigan. The Fund will search to accumulate extra belongings the place it feels it could capitalize on a reduction to intrinsic worth brought on by the present financial dislocation. Trying forward, Trilogy could elect to increase the Fund dimension to $125 million based mostly on the scale and high quality of the deal pipeline.
“We consider the financial dislocation brought on by COVID-19, mixed with traditionally low rates of interest, presents a compelling alternative to ship constant, tax-efficient returns to our companions,” stated Trilogy Chief Funding Officer Jesse Karasik. “Whereas there’ll seemingly be operational challenges within the quick time period, we’ve made a few of our greatest investments in earlier occasions of financial uncertainty and are working onerous to take action once more.”
Trilogy Actual Property Group has sponsored a number of personal funding funds and certified alternative zone funds and lately started increasing its funding choices to retail buyers through the unbiased broker-dealer and registered funding advisor (RIA) distribution channels. Since 2002, the principals of Trilogy have efficiently accomplished greater than $4 billion in transaction quantity, together with $670 million of acquisition and financing exercise in 2020.
About Trilogy Actual Property Group
Trilogy Actual Property Group is a vertically built-in actual property funding and property administration agency with a give attention to multifamily residences and business actual property. Trilogy has been acknowledged as one of many Prime Property Administration corporations for eight consecutive years and has an “A” score within the epIQ Index. Since 2002, the principals of Trilogy have efficiently accomplished $4 billion in transaction quantity. Trilogy has a confirmed experience in timing actual property cycles and sourcing and managing excellent actual property investments in main markets round the USA.
SOURCE Trilogy Actual Property Group