The Trilogy Investment Company, with offices in Alpharetta, Georgia, has announced plans to build at least 1,000 new build-to-rent units in metro Phoenix.
The company is spiriting a project that will see most of those units going up in the form of townhomes with three floors. Each one of the homes will also have garages.
Trilogy sees a promising market for the townhome model across the span of metro Phoenix, building three such projects in Avondale, one within the city limits of Phoenix, and two in the growing upper end market of Prescott Valley.
According to the site Reintilligent, Jason Joseph, chief executive officer of Trilogy, noted that especially for Prescott Valley, where such properties are unknown, the development of build-to-rent units, “creates a competitive advantage and option for the renter.”
Trilogy says that its mission is to create build-to-rent communities “focused on the flourishing middle class of young families, professionals, and even retirees.” The company’s business model, notes the publication In Business Phoenix, has been one of providing homes for people “seeking the stability and social benefits of home ownership, but rent by choice or have been priced out of the competitive housing market.”
Trilogy has been particularly active in the states of the southeast, as well as Arizona, Colorado, and Texas.
By Garry Boulard
