Trilogy Real Estate Group Completes DST Offer for Class A Multi-Family Property Outside of Chicago
CHICAGO, November 1, 2021 / PRNewswire / – Trilogy Real Estate Group, a Chicagoreal estate investment and management company, today announced that its 205 DST fleet has been fully subscribed. $ 25.4 million in equity of the investment, as well as approximately $ 28.1 million in debt financing, was used to acquire Park 205, a luxury multi-family community of 115 units in Ridge Park.
âOur extensive network continues to provide us with opportunities to acquire recession-resilient properties in powerful suburban nodes like Ridge Park,” noted Matt Leiter, CFO of Trilogy Real Estate Group. “We are pleased that our investors are positioned to benefit from the ownership of quality multi-family buildings.”
Located at 205 Touhy Avenue, Park 205 offers a mix of one, two and three bedroom apartments. The spacious units are elegantly appointed with hardwood or vinyl floors, granite countertops, kitchen islands with dining area, washer and dryer in the unit, and walk-in closets. Residents enjoy top-notch community amenities including a fitness center, heated pool and deck, poolside barbecues, communal fire pit, controlled access doors, and temperature-controlled indoor parking .
Park 205 is strategically located next to a Whole Foods and within walking distance of the vibrant Uptown area with its many shops, restaurants, cultural and recreational facilities. Commuter residents have access to the Park Ridge Metra which provides direct and efficient access to downtown Chicago use. The community’s attractiveness is further driven by its proximity to Maine South High School, of which US News and World Report ranks among the top 4% of top high schools nationwide.
Jesse karasik, Director of Investments for Trilogy Real Estate Group, said: âWith its favorable location next to a Whole Foods, close to the Metra and within the confines of one of the top ranked high schools in the country, Park 205 enjoys stability and dynamic growth. “
Trilogy Residential Management, Trilogy’s top rated management company for eight consecutive years, will manage the property.
Trilogy Real Estate Group has sponsored several qualified private equity funds and opportunity zone funds. Since 2002, Trilogy’s directors have achieved more than $ 4 billion in volume of transactions, including $ 670 million acquisition and financing activities in 2020. Trilogy manages and develops properties in the Midwest, East Coast and Southwest.
About the Trilogy real estate group
Trilogy Real Estate Group is a vertically integrated real estate investment and management company focused on multi-family apartments and commercial real estate. Trilogy has been recognized as one of the best property management companies for 8 consecutive years and obtained an “A” rating in the epIQ index. Since 2002, Trilogy’s directors have achieved more than $ 4 billion in volume of transactions. Trilogy has been tested in multiple real estate cycles and consistently research and manage attractive real estate investments in key markets around United States.
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SOURCE Trilogy Real Estate Group