Trilogy Real Estate Group Achieves Full Subscription for DST
Trilogy Real Estate Group, a distinguished real estate investment and property management firm based in Chicago, has successfully announced that their latest Delaware statutory trust (DST) offering, Trilogy Franklin WI Multifamily DST, has reached full subscription. This milestone underscores the firm’s continued success and investor confidence in their business model.
Strong Investor Confidence and Funding Details
With equity proceeds of approximately $58.5 million coupled with $43.1 million in debt financing, Trilogy utilized these funds to acquire Velo Village Apartments. This luxurious 265-unit multifamily community showcases the commitment of Trilogy to enhance their portfolio in the U.S. market.
Velo Village: A Model of Luxury Living
Velo Village, strategically located just fifteen miles from downtown Milwaukee along Highway 36, represents cutting-edge residential living. Completed in 2020, the apartments range from one to three bedrooms, each averaging 988 square feet. They feature upscale finishes that merge modern trends with residential comfort, offering an unparalleled living experience.
This gated community boasts a resort-style heated pool and a state-of-the-art fitness center equipped with the latest Precor and Les Mills equipment, ensuring residents have access to top-tier amenities. Furthermore, on-site electric bikes and a pet spa enhance the appeal for families and pet owners, while ample underground parking ensures convenience.
Active Lifestyle and Community Integration
Residents of Velo Village enjoy exceptional access to both suburban and downtown opportunities, supported by the adjacent Oak Leaf Trail. This remarkable 135-mile multi-use trail system offers residents a direct pathway to engage in outdoor activities while enjoying the scenic Milwaukee backdrop. The community’s location inside Ballpark Commons, a dynamic 200-acre sports and entertainment hub, positions it as a prime destination.
Employment Landscape in Milwaukee
Milwaukee is recognized for its thriving business atmosphere, ranking #4 for Fortune 500 company headquarters per capita. The city is home to major employers such as Northwestern Mutual, Aurora Health Care, and Ascension, offering residents a wide array of career opportunities. On top of that, the influx of tourists—approximately 300,000 each year to nearby attractions—further contributes to the local economy.
Trilogy Residential Management
Trilogy Residential Management is the dedicated management arm of Trilogy Real Estate Group. This award-winning company oversees the Velo Village community, ensuring that residents experience high-quality living standards. Their focus on service excellence has allowed Trilogy to build a solid reputation in property management across the Midwest and Southeast regions.
About Trilogy Real Estate Group
Trilogy Real Estate Group is a vertically integrated real estate firm managing approximately $2.6 billion in total assets. Committed to creating value, they specialize in acquiring, developing, and managing institutional quality apartment communities. With a portfolio boasting over 14,000 units and a transaction volume exceeding $5.5 billion since 2002, Trilogy continues to be recognized in the industry. The company’s commitment to high standards has earned them an 'A' rating in the epIQ Index, reflecting their status as a top property management company.
Trilogy's dedicated team, along with its wholly owned subsidiary Trilogy Residential Management, comprises more than 200 employees, all driven to enhance living experiences in the communities they serve.
Frequently Asked Questions
What is the Trilogy Franklin WI Multifamily DST?
The Trilogy Franklin WI Multifamily DST is an investment offering by Trilogy Real Estate Group aimed at acquiring multifamily properties.
How much funding was raised for the Velo Village acquisition?
Approximately $58.5 million in equity and $43.1 million in debt financing were raised for the Velo Village acquisition.
What amenities does Velo Village offer to its residents?
Residents of Velo Village enjoy luxury finishes, a heated pool, fitness center, electric bike rentals, and a pet spa.
Where is Velo Village located?
Velo Village is located fifteen miles from Milwaukee near Highway 36, providing easy access to the city.
What is Trilogy Real Estate Group's focus?
Trilogy Real Estate Group focuses on acquiring, developing, and managing high-quality residential properties across the Midwest and Southeast.
